00882pab a2200145 454500008004000000100001900040245004400059260000900103300001600112362001100128520052500139650002500664650001300689773003400702180718b2005   xxu||||| |||| 00| 0 eng d  aKumar, T. Ravi  aTax devolution and regional disparities  c2005  ap.2020-022.  a14 May  aThe changes introduced by the Twelfth Finance Commission in the horizontal devolution formula determining the inter se tax shares of individual states have effectively reduced its progressivity at a time when regional disparities are worsening. Equity considerations necessitate greater utilisation of criteria that reflect the variations in the levels of regional development, if the poorer states are to overcome differentials in revenue capacity by obtaining a larger share in Finance Commission awards. - Reproduced.  aRegional disparities  aTaxation  aEconomic and Political Weekly