01531pab a2200157 454500008004000000100001900040245010900059260000900168300001300177362001200190520100100202650004601203650004601249650001901295773005901314180718b2017   xxu||||| |||| 00| 0 eng d  aSingh, Kulwant  aState finances of special category states: a comparative study of Himachal Pradesh and Jammu and Kashmir  c2017  ap.75-95.  aJan-Mar  aThe states facing distinct problems of hilly terrain and turbulent international borders were considered as the main beneficiaries of the special category status (SCS). In these special category states, hilly terrain has been considered as the major challenge for the pace of infrastructural development. It was realised that fiscal restructuring/reforms are imperative for increasing efficiency of resource mobilisation and allocation in the economy and for the overall macroeconomic stability. Fiscal restructuring has been initiated in both Himachal Pradesh and Jammu & Kashmir on the recommendations of the Eleventh, Twelfth, and Thirteenth Finance Commissions but expected results are still awaited. The appropriate expenditure policy is missing in both the states. Consequently, the resources available with the states are insufficient to meet their respective socio-economic obligations. It has been observed based on certain fiscal indicators that both the states are under debt stress.    aPublic finance - India - Himachal Pradesh  aPublic finance - India -Jammu and Kashmir  aPublic finance  aIASSI Quarterly: Contribution to Indian Social Science