Archive · 31 May 2025
Jharkhand Seeks ₹3 Lakh Crore from Finance Commission
The government of Jharkhand asked a group called the 16th Finance Commission for a lot of money – over 3 lakh crore rupees – to help build things in the state.
They need the money because they are losing revenue.
The Finance Commission is a group that decides how money is shared between the country and the states.
Jharkhand is requesting more money to make up for losses from a tax called GST.
The state also mentioned they have not received all the money promised to them previously.
The commission listened to what Jharkhand needed and will make a recommendation to the government about how much money to give to the state.
Jharkhand government requested over ₹3 lakh crore from the 16th Finance Commission.
The state seeks increased fund devolution and a focus on GST-related revenue losses.
The Finance Commission members indicated that a 'special status' is unlikely.
Jharkhand is facing revenue challenges due to GST implementation.
The state has only received a small portion of funds promised by the 15th Finance Commission.
- Who
- Jharkhand government and the 16th Finance Commission
- What
- Jharkhand government presented a demand for funds to the 16th Finance Commission.
- When
- Friday
- Where
- Jharkhand
- Why
- To secure funding for various development projects and address revenue losses.
Jharkhand Government
Finance Commission
Fund Devolution
Jharkhand Government
Jharkhand demands an increase in fund devolution from the existing 41% to 50%.
Finance Commission
The Finance Commission will make final recommendations to the Union government after meeting with all state governments.
Special Status
Jharkhand Government
The state government regularly demands 'special status'.
Finance Commission
The commission indicated a 'special status' for Jharkhand is unlikely.
- Requested Funds
- ₹3,03,527.44 crore
- Commission Visited
- Jharkhand was the 27th state visited
- Finance Commission
- 16th
- GST Loss Estimate
- ₹61,677 crore (2025-2030)
- Funds Received (15th FC)
- ₹12,398.02 crore