Invisible transfers in Indian federalism
By: Rao, M. Govinda.
Material type:
ArticlePublisher: 1997Description: p.429-48.Subject(s): Federalism - India | Intergovernmental fiscal relations - India | Intergovernmental fiscal relations
In:
Public FinanceSummary: In most federal countries, design of intergovernmental transfers does not take into account violation of horizontal equity due to invisible transfers. Such subterranean transfers can be significant and they occur due to inter-state tax exportation arising from the levy of resource based (as against residence based) taxes and subsidised loans given to the states by the central government and the public sector banking system. This study estimates the volume of invisible transfers due to subsidised lending to states in India and demonstrates that such transfers have significantly reduced the progressivity of explicit intergovernmental transfers. - Reproduced
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Indian Institute of Public Administration | Volume no: 52, Issue no: 3-4 | Available | AR49182 |
In most federal countries, design of intergovernmental transfers does not take into account violation of horizontal equity due to invisible transfers. Such subterranean transfers can be significant and they occur due to inter-state tax exportation arising from the levy of resource based (as against residence based) taxes and subsidised loans given to the states by the central government and the public sector banking system. This study estimates the volume of invisible transfers due to subsidised lending to states in India and demonstrates that such transfers have significantly reduced the progressivity of explicit intergovernmental transfers. - Reproduced
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