Yadav, Sajjan Singh
Fiscal federalism in India: The role of union budget 2025-26 - Yojana: A Development Monthly Since 1957 - 69(3), Mar, 2025: p.17-21
The union budget for 2025-26, presented by finance minister Nirmala Sitharaman, emphasises “Viksit Bharat’ through fiscal federals. The budget is built on four pillars: Enhanced devolution of taxes and duties, special assistance for capital expenditure, higher grant-in ad, and a higher borrowing ceiling for states. The central government introduced the scheme for special assistance to states for capital expenditure in 2020-21. The scheme’s impact has been overwhelmingly positive, promoting contused support despite the challenge of reducing the fiscal deficit. – Reproduced
Fiscal federalism in India: The role of union budget 2025-26 - Yojana: A Development Monthly Since 1957 - 69(3), Mar, 2025: p.17-21
The union budget for 2025-26, presented by finance minister Nirmala Sitharaman, emphasises “Viksit Bharat’ through fiscal federals. The budget is built on four pillars: Enhanced devolution of taxes and duties, special assistance for capital expenditure, higher grant-in ad, and a higher borrowing ceiling for states. The central government introduced the scheme for special assistance to states for capital expenditure in 2020-21. The scheme’s impact has been overwhelmingly positive, promoting contused support despite the challenge of reducing the fiscal deficit. – Reproduced