Opinion
20hOpinion
16th Finance Commission is reshaping fiscal federalism by ending revenue-deficit grants
The 16th Finance Commission prioritizes efficiency over equity, shifting incentives towards economic effort by weighting GSDP share in horizontal distribution. It also discontinues revenue-deficit ...
The latest report of the Finance Commission of India marginally improves southern States’ shares but leaves intact deeper ...
By Ajit Ranade India’s fiscal federalism runs on a deceptively simple bargain: the Union collects most broad-based taxes, ...
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