Vertical fiscal imbalances and their amelioration: A discussion in the Indian context
By: Mohan, R. and Ramakumar, R
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Material type: 
BookPublisher: Economic & Political Weekly Description: 59(51), Dec 21, 2024: p.13-16.
In:
Economic & Political WeeklySummary: The vertical fiscal imbalance in India, as in many other countries, arises out of the expenditure obligations of the states being more than their revenue-raising powers. The provisions for addressing this are provided in Article 280 of the Indian Constitution. It is found that both pre- and post-tax devolution VFIs are widening in India. It is estimated that an average of 47.5% of the net proceeds of the union taxes must be devolved to the states to equalise the VFI between the union and all states. – Reproduced
https://www.epw.in/journal/commentary/vertical-fiscal-imbalances-and-their-amelioration.html
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | 59(51), Dec 21, 2024: p.13-16 | Available | AR135030 |
The vertical fiscal imbalance in India, as in many other countries, arises out of the expenditure obligations of the states being more than their revenue-raising powers. The provisions for addressing this are provided in Article 280 of the Indian Constitution. It is found that both pre- and post-tax devolution VFIs are widening in India. It is estimated that an average of 47.5% of the net proceeds of the union taxes must be devolved to the states to equalise the VFI between the union and all states. – Reproduced
https://www.epw.in/journal/commentary/vertical-fiscal-imbalances-and-their-amelioration.html
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