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Likening fiscal federalism to a game between the Union and the States, and among the States themselves, Indian Fiscal Federalism lays bare the complex rules of play. It examines the pivotal role of Finance Commissions and assesses momentous events since 2014, such as the replacement of the Planning Commission by NITI Aayog, the emergence of the GST Council, and the controversies surrounding the Fifteenth Finance Commission. States, and among the States themselves, Indian Fiscal Federalism lays bare the complex rules of play. It examines the pivotal role of Finance Commissions and assesses momentous events since 2014, such as the replacement of the Planning Commission by NITI Aayog, the emergence of the GST Council, and the controversies surrounding the Fifteenth Finance Commission. A contemporary, timely, and comprehensive analysis of fiscal federalism in India, this practitioners’ perspective is a must-read for all those interested in the subject.

This book explores the impact of India's federal architecture, particularly its tax sharing structure and system of fiscal transfers. It shows the existing system of intergovernmental transfers and pays particular attention to the Indian system of devolution frame work.Federalism is essential about the division of a nation between and among the tiers, rather than within a particular level of government in the performance of government functions. Ideally, federal institutions strive to ensure that there is a balance in the political powers, administrative responsibilities and financial resources assigned to each level of government. A federal government is a constitutional arrangement which divides law-making powers and functions of the state between two or more levels of government which are united in a defined territory.

The Present Volume Brings Together Author`S Papers On The Three Related Themes, Viz., Development Strategy, Regional Disparities In Development And Centere-State Financial Relations In India. An Extremely Useful Book For Students Of Indian Economy And A Valuable Guide For Policymakers, Researchers And Economic Analysts.