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Lessons in Public Finance

All Things Policy

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Historical Insights on India's Fiscal Framework

This chapter explores the evolution of India's fiscal structure from British colonial times to its current implications for federalism. It discusses the dynamics between union and state governments concerning fiscal policies, budget constraints, and the challenges of fiscal imbalances in diverse states. Additionally, it emphasizes the importance of accountability, checks and balances in governance, and the need for critical discourse in a democratic setting.

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