Updated On: 24 June, 2025 09:46 PM IST | New Delhi | mid-day online correspondent
Karnataka Chief Minister Siddaramaiah met Union Finance Minister Nirmala Sitharaman, pushing for a pro-growth tax devolution approach from the 16th Finance Commission. He highlighted Karnataka's significant financial losses under the previous 15th Finance Commission and requested a larger share from the central tax pool starting April 1, 2026

Karnataka Chief Minister Siddaramaiah. File Pic.
Karnataka Chief Minister Siddaramaiah met Union Finance Minister Nirmala Sitharaman on Tuesday to seek the Centre’s backing for a pro-growth approach in tax devolution among states by the 16th Finance Commission.
During the meeting, Siddaramaiah informed Sitharaman about Karnataka’s substantial losses under the 15th Finance Commission award. He subsequently demanded a larger allocation for the state from the central tax pool under the upcoming 16th Finance Commission, which begins its term on 1 April 2026, news agency PTI reported.
“I met the Union Finance Minister and informed her that Karnataka faced a cumulative loss of over Rs 80,000 crore due to the reduction in the state’s share of tax devolution by the 15th Finance Commission,” Siddaramaiah told reporters after the meeting.