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Centre-State Financial Relations: The Federal Aspects of Indian Taxation

VISION: Journal of Indian Taxation

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Title Centre-State Financial Relations: The Federal Aspects of Indian Taxation
 
Creator M., Umesh; Finance Controller, ACS Global Tech Solutions Pvt. Ltd.
 
Subject Centre-state financial relations, Finance Commission, Fiscal discipline, Fourteenth Finance Commission.
 
Description Though the Constitution creates a dual polity based on division of governmental powers, this division is not watertight. Recognising the fact that the financial resources of the States may prove inadequate for undertaking development activities, the framers of India's Constitution have made elaborate arrangements relating to flow of funds from the Centre to the States. One of the most important ways of effecting this transfer is through the Finance Commission. This paper focuses on the recommendations of the Fourteenth Finance Commission (FFC) which are likely to have major implications for Center-State relations, for budgeting by, and the fiscal situation of, the Centre and the States. The FFC has made far-reaching changes in tax devolution that will move the country toward greater fiscal federalism, conferring more fiscal autonomy on the states.
 
Publisher Journal Press India
 
Date 2015-11-23
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.myresearchjournals.com/index.php/VISION/article/view/5722
10.17492/vision.v2i1.6596
 
Source VISION : Journal of Indian Taxation; Vol 2, No 1 (2015)
2347-4475
 
Language eng
 
Relation http://www.myresearchjournals.com/index.php/VISION/article/view/5722/5247