Author: Larry Randall Wray
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
There is a growing recognition that fundamental changes are happening in Indian fiscal federalism ex post the abolition of the Planning Commission, the creation of the National Institution for Transforming India (NITI) Aayog, the constitutional amendment to introduce the Goods and Services Tax (GST), the establishment of the GST Council, and the historically high tax devolution to the states based on the 14th Finance Commission's recommendations. Recently, policymakers and experts have raised a few issues, including: whether or not to make Finance Commissions "permanent" or to abolish them by making the tax devolution share constant through a constitutional amendment; the need for an institution to redress spatial inequalities in order to fill the vacuum created by abolishing the Planning Commission; and making the case for Article 282 of the constitution to be circumscribed. The debates are also focused on whether there is a need to establish a link between the GST Council and Finance Commissions, and if India should devise a mechanism of transfer that is predominantly based on sharing of grants for equalization of services rather than tax sharing. Creating a plausible framework for debt-deficit dynamics while keeping the fiscal autonomy of states intact and ensuring output gap reduction and public investment at the subnational level without creating disequilibrium were also other matters of concern. These debates are significant, especially when a group of states came together for the first time ever to question the terms of reference of the 15th Finance Commission amid growing tensions in federal-state relations in India.
Indian Fiscal Federalism at the Crossroads
Author: Larry Randall Wray
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
There is a growing recognition that fundamental changes are happening in Indian fiscal federalism ex post the abolition of the Planning Commission, the creation of the National Institution for Transforming India (NITI) Aayog, the constitutional amendment to introduce the Goods and Services Tax (GST), the establishment of the GST Council, and the historically high tax devolution to the states based on the 14th Finance Commission's recommendations. Recently, policymakers and experts have raised a few issues, including: whether or not to make Finance Commissions "permanent" or to abolish them by making the tax devolution share constant through a constitutional amendment; the need for an institution to redress spatial inequalities in order to fill the vacuum created by abolishing the Planning Commission; and making the case for Article 282 of the constitution to be circumscribed. The debates are also focused on whether there is a need to establish a link between the GST Council and Finance Commissions, and if India should devise a mechanism of transfer that is predominantly based on sharing of grants for equalization of services rather than tax sharing. Creating a plausible framework for debt-deficit dynamics while keeping the fiscal autonomy of states intact and ensuring output gap reduction and public investment at the subnational level without creating disequilibrium were also other matters of concern. These debates are significant, especially when a group of states came together for the first time ever to question the terms of reference of the 15th Finance Commission amid growing tensions in federal-state relations in India.
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
There is a growing recognition that fundamental changes are happening in Indian fiscal federalism ex post the abolition of the Planning Commission, the creation of the National Institution for Transforming India (NITI) Aayog, the constitutional amendment to introduce the Goods and Services Tax (GST), the establishment of the GST Council, and the historically high tax devolution to the states based on the 14th Finance Commission's recommendations. Recently, policymakers and experts have raised a few issues, including: whether or not to make Finance Commissions "permanent" or to abolish them by making the tax devolution share constant through a constitutional amendment; the need for an institution to redress spatial inequalities in order to fill the vacuum created by abolishing the Planning Commission; and making the case for Article 282 of the constitution to be circumscribed. The debates are also focused on whether there is a need to establish a link between the GST Council and Finance Commissions, and if India should devise a mechanism of transfer that is predominantly based on sharing of grants for equalization of services rather than tax sharing. Creating a plausible framework for debt-deficit dynamics while keeping the fiscal autonomy of states intact and ensuring output gap reduction and public investment at the subnational level without creating disequilibrium were also other matters of concern. These debates are significant, especially when a group of states came together for the first time ever to question the terms of reference of the 15th Finance Commission amid growing tensions in federal-state relations in India.
Indian Fiscal Federalism at the Crossroads
Author: Lekha Chakraborty
Publisher:
ISBN:
Category : Federal government
Languages : en
Pages : 15
Book Description
Publisher:
ISBN:
Category : Federal government
Languages : en
Pages : 15
Book Description
Indian Fiscal Federalism at the Cross-roads
Author: Lekha Chakraborty
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Indian Fiscal Federalism
Author: Y.V. Reddy
Publisher: Oxford University Press
ISBN: 0199097046
Category : Political Science
Languages : en
Pages : 304
Book Description
Likening fiscal federalism to a game between the Union and the States, and among the States themselves, Indian Fiscal Federalism lays bare the complex rules of play. It examines the pivotal role of Finance Commissions and assesses momentous events since 2014, such as the replacement of the Planning Commission by NITI Aayog, the emergence of the GST Council, and the controversies surrounding the Fifteenth Finance Commission. States, and among the States themselves, Indian Fiscal Federalism lays bare the complex rules of play. It examines the pivotal role of Finance Commissions and assesses momentous events since 2014, such as the replacement of the Planning Commission by NITI Aayog, the emergence of the GST Council, and the controversies surrounding the Fifteenth Finance Commission. A contemporary, timely, and comprehensive analysis of fiscal federalism in India, this practitioners’ perspective is a must-read for all those interested in the subject.
Publisher: Oxford University Press
ISBN: 0199097046
Category : Political Science
Languages : en
Pages : 304
Book Description
Likening fiscal federalism to a game between the Union and the States, and among the States themselves, Indian Fiscal Federalism lays bare the complex rules of play. It examines the pivotal role of Finance Commissions and assesses momentous events since 2014, such as the replacement of the Planning Commission by NITI Aayog, the emergence of the GST Council, and the controversies surrounding the Fifteenth Finance Commission. States, and among the States themselves, Indian Fiscal Federalism lays bare the complex rules of play. It examines the pivotal role of Finance Commissions and assesses momentous events since 2014, such as the replacement of the Planning Commission by NITI Aayog, the emergence of the GST Council, and the controversies surrounding the Fifteenth Finance Commission. A contemporary, timely, and comprehensive analysis of fiscal federalism in India, this practitioners’ perspective is a must-read for all those interested in the subject.
The Political Economy of Federalism in India
Author: M. Govinda Rao
Publisher: Oxford University Press
ISBN: 0199087857
Category : Political Science
Languages : en
Pages : 400
Book Description
This is a comprehensive work on India's fiscal federalism. The book surveys and analyses the evolution of fiscal federalism from the angle of political economy and brings to bear analytical skills of a very high order to assess and relate the political and administrative dimensions of India's federal system to fiscal federal issues. The authors present a synthesized framework, combining both economic and political elements in a political economy prism such as the Cente–State relations with not only the political perspectives but also the economic ones with the belief that only such a framework can provide a useful guide to implementable reform of policies.
Publisher: Oxford University Press
ISBN: 0199087857
Category : Political Science
Languages : en
Pages : 400
Book Description
This is a comprehensive work on India's fiscal federalism. The book surveys and analyses the evolution of fiscal federalism from the angle of political economy and brings to bear analytical skills of a very high order to assess and relate the political and administrative dimensions of India's federal system to fiscal federal issues. The authors present a synthesized framework, combining both economic and political elements in a political economy prism such as the Cente–State relations with not only the political perspectives but also the economic ones with the belief that only such a framework can provide a useful guide to implementable reform of policies.
Fiscal Federalism in India
Author: M. Govinda Rao
Publisher:
ISBN:
Category : Fiscal policy
Languages : en
Pages : 96
Book Description
Publisher:
ISBN:
Category : Fiscal policy
Languages : en
Pages : 96
Book Description
Fiscal Federalism in India
Author: M. M. Sury
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 222
Book Description
This book provides a detailed description and analysis of the evolution and the present nature of fiscal federalism in India. It examines the existing arrangements for intergovernmental financial transfers, the role of Finance Commission and the Planning Commission in effecting these transfers, particularly the principles followed by these agencies to reduce vertical and horizontal imbalances in the availability of resources to various tiers of government in India. Current problems and controversies besetting Centre-State financial relations are highlighted from various viewpoints.
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 222
Book Description
This book provides a detailed description and analysis of the evolution and the present nature of fiscal federalism in India. It examines the existing arrangements for intergovernmental financial transfers, the role of Finance Commission and the Planning Commission in effecting these transfers, particularly the principles followed by these agencies to reduce vertical and horizontal imbalances in the availability of resources to various tiers of government in India. Current problems and controversies besetting Centre-State financial relations are highlighted from various viewpoints.
Fiscal Federalism in India
Author: B. P. R. Vithal
Publisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 392
Book Description
This book reviews Centre-State relations in India and the evolution of this relationship over the last fifty years as seen from the perspective of the ten Finance Commissions.
Publisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 392
Book Description
This book reviews Centre-State relations in India and the evolution of this relationship over the last fifty years as seen from the perspective of the ten Finance Commissions.
Indian Fiscal Federalism
Author: Kenneth Kletzer
Publisher:
ISBN:
Category : Intergovernmental fiscal relations
Languages : en
Pages : 56
Book Description
Publisher:
ISBN:
Category : Intergovernmental fiscal relations
Languages : en
Pages : 56
Book Description
Challenges to Indian Fiscal Federalism
Author: Lekha S. Chakraborty
Publisher:
ISBN: 9789380118741
Category : Federal government
Languages : en
Pages : 176
Book Description
Publisher:
ISBN: 9789380118741
Category : Federal government
Languages : en
Pages : 176
Book Description