01053pab a2200157 454500 180718b2005 xxu||||| |||| 00| 0 eng d ADVERSE impact on states 2005 p.1302-308. 26 Mar A number of measures in recent years have pushed the states to raise larger and larger resources from the market. The latest is a package of recommendations of the Twelfth Finance Commission, since accepted, which includes the states substituting for central loans with mobilisation from the market. Pushing the state governments to the market on such a sizeable scale for their plan finances may in the first place prevent them from mobilising the required resources, and, secondly, whatever they do mobilise may have to be done at higher interest cost. Overall, a greater dependence on the markets for loans is going to adversely affect the states' finances. - Reproduced. Twelfth Finance Commission Public finance Economic and Political Weekly 64596 64596 64596 0 0 0 0 IIPA IIPA 2018-07-19 Volume no: 40, Issue no: 3 AR65048 2018-07-19 2018-07-19 AR