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Federal fiscal relations : imperatives for restructuring

By: Material type: TextTextPublication details: New Delhi Sage 2020Description: 241 pISBN:
  • 9789353882662
Subject(s): DDC classification:
  • 336.730954 SAR
Summary: Federal fiscal management, in particular the sharing and distribution of financial and economic powers among different layers of a government, has been a challenging issue for a long time across the world and particularly in India. There is a strong need for complete revamping of the federal fiscal arrangements for inter-governmental transfers in India. This book aims to derive and suggest fundamental reforms in the federal fiscal sharing system for India, taking into account the possible changes in the structure of the economy and the potential revenue generation at different levels of a government. It closely reviews the evolution of the federal fiscal management system in India and the country-wide practices of the federal fiscal transfer systems. The basic flaws in the system, especially the absence of scientific approach in determining the vertical and horizontal shares and the lack of monitoring of the sharing process, are explained in detail. This well-illustrated book will prove indispensable for all stakeholders in ensuring a balanced sharing of inter-governmental resources and an equitable centre-state relationship.
List(s) this item appears in: Finance and Economy
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Holdings
Item type Current library Call number Status Date due Barcode Item holds
Books Books Gandhi Smriti Library 336.730954 SAR (Browse shelf(Opens below)) Checked out to Mahanadi Hostel OT Lounge (MAHANADI) 2023-09-27 164084
Total holds: 0

Federal fiscal management, in particular the sharing and distribution of financial and economic powers among different layers of a government, has been a challenging issue for a long time across the world and particularly in India. There is a strong need for complete revamping of the federal fiscal arrangements for inter-governmental transfers in India.

This book aims to derive and suggest fundamental reforms in the federal fiscal sharing system for India, taking into account the possible changes in the structure of the economy and the potential revenue generation at different levels of a government. It closely reviews the evolution of the federal fiscal management system in India and the country-wide practices of the federal fiscal transfer systems. The basic flaws in the system, especially the absence of scientific approach in determining the vertical and horizontal shares and the lack of monitoring of the sharing process, are explained in detail. This well-illustrated book will prove indispensable for all stakeholders in ensuring a balanced sharing of inter-governmental resources and an equitable centre-state relationship.

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