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.