Arora, Guljit K <br/><br/>
Emerging fiscal crisis and centre-state relations - II (First in Feb. 16, 91) 

<br/><br/> Abstract: The paper is organised in different sections. Section I describes what the economic crisis is and how the fiscal operations of the central government have led to the manifestation of the fiscal crisis both at the state and central levels. Section II brings out the mechanism through which the increased flow of central transfers and their manner of devolution to the state can explain the existing and the potential stress on centre-state relations. The states are ranked in this section according to the degree of the fiscal crisis. Section III looks into some of the economic and political developments having important bearings on centre-state relations in India, and their role in deepening the fisca 
<br/><br/><label>Subjects--Topical Terms: </label><br/> Policy<br/> Fiscal Policy<br/> Centre-State Relations<br/> Budgetary Control<br/>Federal-State Relations