Evolution Of Fiscal Federalism In India With Special Emphasis On The Developments Post 14th Finance

Evolution Of Fiscal Federalism In India With Special Emphasis On The Developments Post 14th Finance Commission And The 101th Constitution Amendment Act





Rasika P. Bangre, Symbiosis International University


ABSTRACT


The fiscal federalism lays down independent sources of revenue that are assigned to the federal government and the units which are autonomous within their defined spheres. The constitutional provisions have assigned the powers to the respective governments to exercise their power of taxation. Fiscal federalism in India has ensured that the Union and state governments are efficient, adequate, suitable, and independent to provide public service. Fiscal federalism in India has evolved through the implementation of various policies and plans of the government. Implementation of GST vis-à-vis the constitutional amendment has brought both advantages and disadvantages in fiscal arrangements between the centre and the state. Having said this, the current research tends to analyse the evolution of fiscal federalism through the lens of various policies and initiatives taken by the state in order to maintain the fiscal relationship between the centre and the state government.


Keywords: GST, Fiscal federalism, administration, NITI Ayog, Finance Commission.

Indian Journal of Law and Legal Research

Abbreviation: IJLLR

ISSN: 2582-8878

Website: www.ijllr.com

Accessibility: Open Access

License: Creative Commons 4.0

Submit Manuscript: Click here

Open Access Logo

Licensing:

​All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.

Disclaimer:

The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.