Indian Polity: Fiscal Federalism
This chapter is concerned with union–state financial relations. It spells out the principles governing fiscal federalism; states the provisions enshrined in Indian Constitution related to the division of financial powers between the union and states; explains the role of the Finance Commission (which constitutes a pillar of India’s federal structure); appraises the role of Finance Commissions; and evaluates the dimension and nature of issues involved in the contemporary fiscal federalism prevailing in the country.
Introduction: Countries are organized either as “unitary” (France) or as “federations” (India, Brazil, the United States). In the first group, a national or a central government makes the economic ...
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