Video
16th Finance Commission Tax Devolution Formula – UP Bihar lose, South States gain| Dr. Mrunal Patel
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Timestamps
00:00 – Budget hides Finance Commission
00:40 – Vertical devolution at 41%
01:20 – Horizontal formula- 15th vs 16th FC
02:40 – Income Distance 42.5%
04:10 – Population weight increased
05:40 – Demographic Performance 10%
07:00 – Area & Forest criteria changes
08:30 – New GDP Contribution criterion
10:20 – Southern & industrial states gain
12:00 – Northern states share drop
13:40 – Top 5 states still same
15:10 – Tax Effort criterion removed
16:20 – Grants for local bodies
17:50 – Why UTs not included
19:10 – Unacademy courses unlocked
21:40 – Annual Economic Win26
In this detailed lecture, renowned UPSC Economy expert Dr. Mrunal Patel breaks down the 16th Finance Commission’s key recommendations on tax devolution, tabled with the Union Budget 2026. The vertical devolution remains fixed at 41% of the divisible pool of central taxes to states (same as 15th FC led by NK Singh and continued under Arvind Panagariya’s 16th FC). However, major changes in the horizontal devolution formula have shifted allocations.
Dr. Mrunal explains why populous poorer states like Uttar Pradesh, Bihar, Madhya Pradesh, Rajasthan etc. will see a relative decrease in their percentage share, while coastal-industrial states like Gujarat, Maharashtra, Karnataka, Andhra Pradesh, Tamil Nadu gain more. The lecture covers:
– What is vertical vs horizontal tax devolution?
– Constitutional basis (Article 280 & 281)
– Why Finance Commission reports get buried under Budget news
– Detailed comparison of 15th vs 16th FC criteria and weights
Key changes in horizontal devolution criteria:
– Income Distance (poverty proxy / per capita GSDP distance): Reduced from 45% to 42.5%
– Population (2011 Census): Increased from 15% to 17.5%
– Demographic Performance (reward for population control / lower TFR): Reduced from 12.5% to 10%
– Area: Reduced from 15% to 10%
– Forest & Ecology: Retained at 10%
– New criterion: Contribution to GDP (efficiency / state’s share in national GDP): Introduced at 10%
– Tax Effort: Completely removed (previously 2.5%)
This shift rewards efficiency and economic contribution, addressing long-standing demands from southern and industrialized states (IT, pharma, auto hubs in Tamil Nadu, Karnataka, Telangana, Andhra). Northern & central states with higher poverty, population and area lose relative share, though top recipients remain UP, Bihar, MP, West Bengal, Maharashtra due to combined population-area-poverty factors.
Dr. Mrunal also discusses:
– Grants-in-aid: No revenue deficit grants recommended; focus on local bodies (panchayats & municipalities), disaster management
– Additional 1.4 lakh crore grants announced in Budget for local bodies
– Why Union Territories (Delhi, Puducherry, J&K) are not in state devolution tables
– Remaining 59% stays with Centre; schemes & CSS decided by Finance Ministry
Perfect for UPSC CSE, SSC-CGL, State PSC, Banking (IBPS, RBI), CAPF, CDS, ACIO, APFC aspirants preparing Economy, Indian Polity, Federalism & Current Affairs. Understand fiscal federalism, north-south divide in resource sharing, and why southern states complain about population control penalty & demand rewards for performance.
This is part of Dr. Mrunal’s ongoing current affairs & budget analysis series. For full structured courses, annual Economic Current Affairs mega series (6-8 lectures with PPT handouts), mock tests & materials – all paid Unacademy courses are unlocked for limited time.
Register now using coupon code: Mrunal.org (one SIM one activation). Link in comments / description.
First free live lecture of Annual Economic CA series starts 5th February, 9 PM – don’t miss!
Join Dr. Mrunal Patel’s sessions for clear, exam-oriented Economy teaching. Subscribe for more UPSC-relevant budget & finance commission breakdowns.
**SEO Tags:**
16th Finance Commission, tax devolution, horizontal devolution formula, 16th FC recommendations, Finance Commission 2026, Arvind Panagariya, states tax share, vertical devolution 41%, GDP contribution criterion, southern states gain, UP Bihar lose share, fiscal federalism, UPSC Economy, Mrunal Patel, Union Budget 2026, current affairs UPSC, Indian Polity federalism, tax sharing states, per capita income distance, demographic performance, forest cover criterion, population 2011 census, Unacademy Mrunal
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How Will Wrapped XRP on Solana Affect the Price?
Wrapped XRP on Solana creates a powerful price flywheel through collateral demand and settlement mechanics. In this video, I explain how wrapped XRP works, why XRP being used as collateral on other chains matters, and how value flows back to the XRPL creating upward price pressure.
TIMESTAMPS
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1:25 Why Solana matters for wrapped XRP
2:01 Collateral is more important than trading
2:58 Settlement always flows back to the XRPL
3:42 The XRP price flywheel explained
5:40 Why XRP is different from other bridged tokens
6:32 One asset settling for all chains
#xrp #ripple
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👋🏾 I’m Bola Sokunbi, founder of Clever Girl Finance, bestselling author of the Clever Girl Finance book series, Choosing To Prosper, and My Wealth Plan Workbook.
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Start where you are. Use what you have. And take the next right step.
👇 What’s the first step you’re taking this month to rebuild your finances? Let me know in the comments!
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David Addresses $100 XRP
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The 2008 Financial Crisis and the Real-Life “Big Short” | 60 Minutes Full Episodes
From January 2008, Steve Kroft’s look at the U.S. sub-prime mortgage meltdown. From October 2008, Kroft’s report on the financial instruments that helped to create the economic crisis. Also from October 2008, Kroft’s story on credit default swaps and their role in the unfolding financial crisis. From March 2010, Kroft’s interview with Michael Lewis about “The Big Short,” the financial crisis and those who profited from it. From April 2012, Kroft’s interview with an attorney who investigated the financial collapse of Lehman Brothers. From October 2008, Lesley Stahl’s talk with bankers about how the U.S. government intervened to help some of the largest banks in the country. From March 2009, Scott Pelley’s chat with FDIC agents who reveal what happens to your money when your bank fails. From January 2009, Pelley’s visit to Wilmington, Ohio, to examine how the economic crisis is hitting people in the Midwest. And from October 2010, Pelley’s visit to Newton, Iowa, to look at the effects of the recession.
0:00 Intro
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56:09 Inside the Collapse (Part 2)
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0:41: Correction – This video has been updated to reflect that about 14% of U.S. households earn $200,000 or more annually, according to the U.S. Census.
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4:08 Why high earners don’t feel rich
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Produced, Shot and Edited by: Charlotte Morabito
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Additional Footage: Getty Images, Marie Incontrera
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Why Even High Earners Are Living Paycheck To Paycheck
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Coinbase + Glassnode Report 👉 https://www.youtube.com/watch?v=R0DMRHH4PcY
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Bitcoin’s Institutional Adoption Paradox: https://www.bitcoinmagazinepro.com/bitcoin-research/bitcoins-institutional-adoption-paradox/
► Bitcoin Treasury Tracker: https://bitcointreasuries.net/
► Wall Street Buying: https://cryptoslate.com/why-wall-street-refuses-to-sell-bitcoin-and-actually-bought-way-more-even-while-losing-25-of-its-value/
► Institutions Hold 20$ of BTC’s Supply: https://www.newsbtc.com/news/bitcoin/institutional-bitcoin-holdings-near-20-of-supply-wall-streets-new-playground/
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– TIMESTAMPS –
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~~~~~
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#bitcoin #btc #control #institutions
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Are you facing urgent financial needs, debt, or overwhelming anxiety about money?
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• Pray for wisdom in financial decisions
• Declare God’s provision and supernatural help
📖 Scriptures prayed in this video:
Philippians 4:19
Psalm 40:17
Proverbs 11:25
Jeremiah 17:7
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🙏 Type “AMEN” in the comments if you are believing for a breakthrough.
🔔 Subscribe for daily prayers and faith-building encouragement.
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Today, let’s examine Bitcoin’s charts and metrics, as well as the latest Macro and Crypto news. Additionally, a look at the latest crypto news.
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