000			01122pab a2200169 454500
008			180718b1997 xxu||||| |||| 00| 0 eng d
100			_aRao, M. Govinda
245			_aInvisible transfers in Indian federalism
260			_c1997
300			_ap.429-48
520			_aIn most federal countries, design of intergovernmental transfers does not take into account violation of horizontal equity due to invisible transfers. Such subterranean transfers can be significant and they occur due to inter-state tax exportation arising from the levy of resource based (as against residence based) taxes and subsidised loans given to the states by the central government and the public sector banking system. This study estimates the volume of invisible transfers due to subsidised lending to states in India and demonstrates that such transfers have significantly reduced the progressivity of explicit intergovernmental transfers. - Reproduced
650			_aFederalism - India
650			_aIntergovernmental fiscal relations - India
650			_aIntergovernmental fiscal relations
773			_aPublic Finance
909			_a48754
999			_c48754 _d48754