Matches in SemOpenAlex for { <https://semopenalex.org/work/W3094077881> ?p ?o ?g. }
Showing items 1 to 73 of
73
with 100 items per page.
- W3094077881 abstract "It is well-known that federal form of government is best suited for a society with vastly diverse economic and cultural background such as India. There are not only political reasons but also powerful economic arguments for preferring a federal system to unitary system of governance. In India the necessary institutional structure has been evolving over the past six decades. Yet, the system in India remains imperfect: Firstly, there exist several unresolved issues in the operationalization of the federal fiscal sharing management; and, Secondly, the changing contours in the economy and the resultant policy changes in the economic governance call for fundamental revamping of the federal fiscal mechanism. Especially, in recent years with the land mark changes such as the shift towards liberalization in 1991, the introduction of the Fiscal Responsibility and Budgetary Management (FRBM) Act, the replacement of the Planning Commission with National Institution for Transforming India (NITI) Aaayog, implementation of the Direct Tax Code, and introduction of the Goods and Services Tax (GST) that might alter the revenue positions of the Centre, State and Local level governments. All this signal that it is time for revamping of the system of federal fiscal arrangements for inter-governmental transfers in India. The purpose of the present paper is to suggest suitable alterations in the federal fiscal system in India considering the possible changes in the structure of the economy and the potential revenue generation at different levels of government. It lists out the broad requirements of federal fiscal system; analyzes the Indian experience so far; explains the need for reforming and revamping the system; explains the methods for revamping the system; and suggests broad lines of reform. The suggestions include: 1. Set up a permanent Finance Commission2. Converge the relevant bodies into the Commission3. Extend the terms of reference, and expand the membership4. Involve the National Development Council for States’ cooperation5. Federal fiscal sharing should be from all revenue sources6. Transfers should be consensus based7. Vertical sharing choices and methods8. Horizontal sharing should be more rational and objectively determined9. Grants-in-aid to reflect broad economic policy objectives10. Incentivize the Grants-in-aid11. Capital grants should be project by project based on economic and financial viability" @default.
- W3094077881 created "2020-10-29" @default.
- W3094077881 creator A5079885516 @default.
- W3094077881 date "2019-03-21" @default.
- W3094077881 modified "2023-09-28" @default.
- W3094077881 title "Centre-State Fiscal Relations in India - Need for Restructuring" @default.
- W3094077881 hasPublicationYear "2019" @default.
- W3094077881 type Work @default.
- W3094077881 sameAs 3094077881 @default.
- W3094077881 citedByCount "0" @default.
- W3094077881 crossrefType "posted-content" @default.
- W3094077881 hasAuthorship W3094077881A5079885516 @default.
- W3094077881 hasConcept C10138342 @default.
- W3094077881 hasConcept C105639569 @default.
- W3094077881 hasConcept C111472728 @default.
- W3094077881 hasConcept C12017312 @default.
- W3094077881 hasConcept C136810230 @default.
- W3094077881 hasConcept C138885662 @default.
- W3094077881 hasConcept C144133560 @default.
- W3094077881 hasConcept C162324750 @default.
- W3094077881 hasConcept C195487862 @default.
- W3094077881 hasConcept C2778137410 @default.
- W3094077881 hasConcept C34447519 @default.
- W3094077881 hasConcept C39389867 @default.
- W3094077881 hasConcept C41895202 @default.
- W3094077881 hasConcept C45237549 @default.
- W3094077881 hasConcept C58823610 @default.
- W3094077881 hasConcept C74363100 @default.
- W3094077881 hasConcept C9354725 @default.
- W3094077881 hasConceptScore W3094077881C10138342 @default.
- W3094077881 hasConceptScore W3094077881C105639569 @default.
- W3094077881 hasConceptScore W3094077881C111472728 @default.
- W3094077881 hasConceptScore W3094077881C12017312 @default.
- W3094077881 hasConceptScore W3094077881C136810230 @default.
- W3094077881 hasConceptScore W3094077881C138885662 @default.
- W3094077881 hasConceptScore W3094077881C144133560 @default.
- W3094077881 hasConceptScore W3094077881C162324750 @default.
- W3094077881 hasConceptScore W3094077881C195487862 @default.
- W3094077881 hasConceptScore W3094077881C2778137410 @default.
- W3094077881 hasConceptScore W3094077881C34447519 @default.
- W3094077881 hasConceptScore W3094077881C39389867 @default.
- W3094077881 hasConceptScore W3094077881C41895202 @default.
- W3094077881 hasConceptScore W3094077881C45237549 @default.
- W3094077881 hasConceptScore W3094077881C58823610 @default.
- W3094077881 hasConceptScore W3094077881C74363100 @default.
- W3094077881 hasConceptScore W3094077881C9354725 @default.
- W3094077881 hasLocation W30940778811 @default.
- W3094077881 hasOpenAccess W3094077881 @default.
- W3094077881 hasPrimaryLocation W30940778811 @default.
- W3094077881 hasRelatedWork W1507190740 @default.
- W3094077881 hasRelatedWork W1531608930 @default.
- W3094077881 hasRelatedWork W1582530044 @default.
- W3094077881 hasRelatedWork W1584860670 @default.
- W3094077881 hasRelatedWork W1594663116 @default.
- W3094077881 hasRelatedWork W1892159193 @default.
- W3094077881 hasRelatedWork W1997012948 @default.
- W3094077881 hasRelatedWork W1997351311 @default.
- W3094077881 hasRelatedWork W202535732 @default.
- W3094077881 hasRelatedWork W2133347738 @default.
- W3094077881 hasRelatedWork W2181893970 @default.
- W3094077881 hasRelatedWork W2420685677 @default.
- W3094077881 hasRelatedWork W253903810 @default.
- W3094077881 hasRelatedWork W2626834829 @default.
- W3094077881 hasRelatedWork W2750092307 @default.
- W3094077881 hasRelatedWork W2924983606 @default.
- W3094077881 hasRelatedWork W2955077741 @default.
- W3094077881 hasRelatedWork W3121713372 @default.
- W3094077881 hasRelatedWork W3123482909 @default.
- W3094077881 hasRelatedWork W1821096035 @default.
- W3094077881 isParatext "false" @default.
- W3094077881 isRetracted "false" @default.
- W3094077881 magId "3094077881" @default.
- W3094077881 workType "article" @default.