01051pab a2200157 454500 180718b2004 xxu||||| |||| 00| 0 eng d Rastogi, Anupam Restructuring public finances 2004 p.2756-772. 26 Jun Public finances in India are at a turning point. Analysis of the past data, however, shows no improvement in any of the major fiscal indicators. Restructure of debt, reforms in power sector and implementation of other issues under MTFRP hold promise for future. Lower revenue transfers to states have exacerbated their revenue deficits and capacity to spend on social infrastructure. Performance-based sector-specific transfers could set an example for state finance commissions. In the coming years, as states are expected to raise part of the resources from the capital market, the roles of state plans and the central planning commission need to be re-examined. - Reproduced. Public finance Economic and Political Weekly 61305 61305 61305 0 0 0 0 IIPA IIPA 2018-07-19 Volume no: 39, Issue no: 26 AR61751 2018-07-19 2018-07-19 AR