Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Proposal to Reduce States' Share of Federal Taxes:
Financial ManagementIncome TaxPSU's AND Govt. Undertakings
The Indian government plans to propose a reduction in the share of federal tax revenues allocated to states from 41% to at least 40%, starting from the fiscal year 2026-27. This move aims to address increased federal spending needs but may lead to tensions between the central and state governments.
