On 31 October 2025, the 16th Finance Commission will submit recommendations for 2026–31. Punjab, Himachal Pradesh, and West Bengal have pressed for debt relief, larger grants, and revised devolution criteria to address rising fiscal stress and ecological risks. BulletsIn Punjab seeks ₹75,000 crore development grant, half for capital formation State debt-to-GSDP ratio projected at 44.5%
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On 31 October 2025, the 16th Finance Commission will submit recommendations for 2026–31. Punjab, Himachal Pradesh, and West Bengal have pressed for debt relief, larger grants, and revised devolution criteria to address rising fiscal stress and ecological risks. BulletsIn Punjab seeks ₹75,000 crore development grant, half for capital formation State debt-to-GSDP ratio projected at 44.5%
