Kundu, Amitabh Verma, Madhu and Bhagwat, Shweta  <br/><br/>
From implicit goals in transfers to explicit outcomes: Ecology, forests, and fiscal federalism in India 

 - Economic & Political Weekly   
 - 61(19), May 9, 2026: p.39-42 
<br/><br/> Ecological fiscal transfers are one of the few scalable instruments to address underinvestment in India’s forests and ecosystems, where ecology expenditures are largely public. Their share in finance commission transfers has risen significantly. Yet, transfers remain untied, dissolving into general revenues with a small and declining share of forestry in state expenditure. Budget tagging, transparency mechanisms, and outcome dashboards are essential for a due share of ecology at the state level.- Reproduced <br/><br/>https://www.epw.in/journal/sixteenth-finance-commission/implicit-goals-transfers-explicit-outcomes.html<br/>