The following points highlight the three main problems of federal fiscal transfers from Union to States. The problems are: 1. Method of Devolution 2. Criteria for Fiscal Devolution-Shared Taxes 3. Criteria for the Distribution of Statutory Grant. Problem # 1. Method of Devolution: The working of the Finance Commissions also presents dismal picture in certain […]
Problems of Federal Fiscal Transfers (With Suggestions)
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