Mumbai (PTI): Priyanka Mohite from Satara in western Maharashtra has become the first Indian woman to scale five peaks above 8,000 metre after she climbed Mount Kanchenjunga on Thursday.
Priyanka (30), the recipient of Tenzing Norgay Adventure Award 2020, successfully completed her expedition to Mount Kanchenjunga (8,586 m), the third highest mountain on the planet, at 4.52 pm, her brother Akash Mohite told PTI.
In April 2021, she had scaled Mt Annapurna (8,091 m), the 10th highest mountain peak in the world and had become the first Indian woman climber to achieve the feat.
Priyanka has also climbed the world's highest peak Mount Everest (8,849 m) in 2013, Mount Lhotse (8,516 m) in 2018, Mount Makalu (8,485 m) and Mount Kilimanjaro (5,895 m) in 2016.
Passionate about mountaineering since childhood, Priyanka started to scale mountains in the Sahyadri range of Maharashtra as a teenager and in 2012 scaled Bandarpunch, a mountain massif of the Garhwal division of the Himalayas, in Uttarakhand.
In 2015 Priyanka scaled Mt. Menthosa which at 6443 metres is the second-highest peak in the Lahaul and Spiti district of Himachal Pradesh.
The Bengaluru-based climber is also the recipient of the Maharashtra Government's Shiv Chhatrapati State award for adventure sports for 2017-2018.
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New Delhi: The Union government is considering reducing the share of tax revenue allocated to states, sources familiar with the matter have said.
The proposal will be submitted to the constitutionally-appointed Finance Commission of India, which makes recommendations on tax sharing and other aspects of Union-state fiscal relations. The commission, headed by economist Arvind Panagariya, is expected to submit its recommendations by October 31, with implementation set for the 2026-27 fiscal year. The recommendations are binding.
According to one source, the Union government intends to lower the states' share of tax revenue from the current 41% to at least 40%. A cabinet decision on the proposal is expected by the end of March before being forwarded to the Finance Commission. A 1% reduction in states' share would give the Union government approximately ₹35,000 crore ($4.03 billion), based on current tax projections.
The Ministry of Finance and the Finance Commission have not yet responded to queries regarding the proposal.
The share of central taxes allocated to states has increased from 20% in 1980 to 41% at present. However, the Union government’s spending requirements, particularly during economic slowdowns, have led to calls for a reduced allocation to states. India's fiscal deficit is projected at 4.8% of GDP for 2024-25, while state deficits stand at 3.2% of GDP.
States account for over 60% of total government expenditure, primarily focusing on social infrastructure such as health and education. Meanwhile, the Union government allocates more resources to physical infrastructure. The introduction of the Goods and Services Tax (GST) in 2017 has limited states' ability to generate independent revenue. Additionally, since the COVID-19 pandemic, the Union government has increased the share of cesses and surcharges, taxes not shared with states, to over 15% of gross tax revenue, up from 9-12% earlier.
The Union government is also expected to propose measures to discourage states from offering cash handouts, debt waivers, and other welfare schemes often labeled as "freebies" for political gains. One possibility under consideration is linking Union grants to states' adherence to specific fiscal conditions.
Over the past five years, revenue-deficit grants to states have declined from ₹1.18 lakh crore ($13.61 billion) in 2021-22 to an estimated ₹13,700 crore ($1.58 billion) for 2025-26. It remains unclear whether grants will be denied to states that continue to offer such welfare schemes.