Odisha joins states’ 50% divisible tax pool share pitch.

• Odisha has joined the growing demand for a 50% increase in the States’ share in India’s divisible tax pool.

• The Sixteenth Finance Commission chairman, Arvind Panagariya, acknowledged the broader call by many States for a higher allocation.

• The Constitutional panel discussed the criteria for deciding the financial needs and the devolution formula with Chief Minister Mohan Majhi, political leaders, trade bodies, experts, and urban local bodies.

• Odisha also demanded an increase in the central share in the State Disaster Relief Fund from 75% to 100%.

• The State government has sought ₹12,59,148 Crore from the Commission for the five-year period from 2026-27 to 2030-31.

• The government emphasized the need for a modified population variable in the devolution formula instead of the entire population.