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Kerala hosted the first Conclave of Finance Ministers to thrash out ways to secure from the 16th Finance Commission the fair demands of states suffering under what has been termed as the fiscal authoritarianism of the Centre.
To make up for the shortage caused by the growing proportion of cesses and surcharges, both the Kerala and TN finance ministers urged the 16th FC to scale up the share of states in devolution to 50%.
Finance Commission is a constitutional body that gives suggestions on Centre-state financial relations
States ruled by Congress and regional parties are complaining that the centre is tightening its grip over the federal system.
The 15th Finance Commission has recommended to the Union government that Kerala be given Rs 15,323 crore out of its tax revenues to meet the latter's estimated revenue deficit for the financial year 2020-21.
The G20 finance chiefs will also aim to adopt new principles on infrastructure spending to fix rising debt among emerging economies, and debate corporate tax policy that better distributes revenues from digital giants like Google and Apple.