-TheFederal.com Of the total public expenditure in agriculture, the Centre’s share fell from 50% to 37% between FY11 and FY20, while the states’ increased from 50% to 63% Fiscal Federalism and Centre-state financial relations have always been a hotly discussed topic, with sharper debates arising in recent times. The total burden of public expenditure on the Central exchequer as a share of gross domestic project (GDP) has declined over the past decade,...
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Wrecking Fiscal Federalism -CP Chandrasekhar and Jayati Ghosh
-NetworkIdeas.org India’s Constitution puts the bulk of responsibility for the basic goods and services to be provided to citizens on to state governments. That is also why it mandated that independent Finance Commissions be appointed every five years to determine the distribution of tax revenues between Centre and the various states. Successive Finance Commissions (FCs) have also recognised that state governments necessarily require more resources to fulfil their obligations, which is...
More »The future of GST hangs in the balance -Praveen Chakrvarth
-The Hindu The Centre is best positioned to raise additional resources to bridge the GST compensation gap Today is the crucial meeting of the Goods and Services Tax (GST) Council. It may not be an exaggeration to claim that today’s meeting could mark a milestone in the history of India’s Fiscal Federalism and shape the future of Centre-State relations. In 2017, the Centre made a promise to the States that a certain minimum...
More »Experience with GST holds valuable lessons for One Nation One Ration Card -Varad Pande & Subhashish Bhadra
-The Indian Express If done well, One Nation, One Ration Card, could lay the foundation of a truly national and portable benefits system that includes other welfare programmes like LPG subsidy and social pensions. The economic crisis precipitated by COVID-19 has focussed the country’s attention on inter-state migrants. Millions of Indians in this diverse, complex group have crossed state borders in search of better economic opportunities. The crisis, however, has highlighted their...
More »TM Thomas Isaac, Kerala Finance Minister and a trained economist, interviewed by AM Jigeesh (The Hindu Business Line)
-The Hindu Business Line In the thick of battling the Covid-19 pandemic, the CPI (M)-ruled Kerala government gathered Opposition parties on a virtual platform to chart out a common course on livelihood issues and the economic crisis that is simultaneously unfolding. Kerala Finance Minister TM Thomas Isaac, a trained economist, told BusinessLine that India is facing an attack on economic federalism and there is urgent need for the States to combat...
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