Union Government has accepted the recommendation of 14th Finance Commission to increase the shareable pool of Tax Devolution from 32% to 42% for it’s award period (2015-20) which gives more resources and greater freedom to use these resources to the States. Total transfers in 2015-16 to Bihar State have increased by almost 16.5% in comparison to 2014-15 (Actual). The details are as follows:
Total Transfer of Funds during 2014-15 & 2015-16:
This information was given by the Minister of State (Independent Charge) for Planning, Shri Rao Inderjit Singh in a written reply in Rajya Sabha on Tuesday.