This book seeks to analyze the various dimensions of fiscal federation in India. Explaining the concept of fiscal federalism, it examines the nature of Indian federal system, economic interpretation of federalism, and problems of fiscal adjustments.
Further surveying the Union-State fiscal relations in India, it describes in detail the financial provisions under the Government of India Act 1935, borrowing and audit, and financial power under the Constitution. It also studies the different channels of Union-State transfers of resources, Union-State conflicts on finances, the problems of less developed states, and the recommendations of Sarkaria Commission.
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