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Centre-State Financial Relations: A Study on the Role of Finance Commission

VISION: Journal of Indian Taxation

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Field Value
 
Title Centre-State Financial Relations: A Study on the Role of Finance Commission
 
Creator Bhasin, Niti
 
Subject Finance Commission; Centre-state financial relations; Horizontal devolution; Vertical devolution.
 
Description A federal economy is usually characterised by the emergence of imbalances between functional responsibilities and financial resources of different tiers of government. Vertical imbalances in terms of resources and expenditure responsibilities emerge between different levels of government calling for transfer of resources from the Centre to the States. Thus, intergovernmental transfers are an inherent part of a multi-level fiscal system. In India, Finance Commission constitutes an important channel of Central transfers to the states. This paper looks at the role of Finance Commission regarding the devolution of taxes between the Center and the States from the divisible pool. In particular, the paper focuses on the Fourteenth Finance Commission FFC that has made far-reaching changes in tax devolution that will move the country towards greater cooperative as well as competitive federalism.
 
Publisher Journal Press India
 
Date 2017-01-31
 
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/9994
10.17492/vision.v4i01.9994
 
Source VISION : Journal of Indian Taxation; Vol 4, No 01 (2017)
2347-4475
 
Language eng
 
Relation http://www.myresearchjournals.com/index.php/VISION/article/view/9994/9396