Kerala to ask for increase in state's share to 50%

The Kerala government decided to ask the Centre to increase the state's share in central taxes to 50 per cent from the present 42 per cent.

The Union Government had in February 2015 increased the share of states in central taxes from 32 per cent to 42 per cent, accepting the recommendations of the 14th Finance commission.

This was said to be the single largest increase ever recommended.

The cabinet also approved the directions and recommendations in the memorandum, which will be submitted to the 15th Finance commission during its three day visit to Kerala from May 28.