Indian Fiscal Federalism

Y.V. Reddy, Former Governor, Reserve Bank of India, ,G.R. Reddy, Adviser (Finance), Government of Telangana,

Y.V. Reddy was Chairman, Fourteenth Finance Commission, and Governor, Reserve Bank of India. He has served both the Central and State Governments in various capacities.



G.R. Reddy is Adviser (Finance) to the Government of Telangana and served the Government of India and State Governments in the area of public finance and Union-State relations.

List of Tables, Figures, and Box
Acknowledgements
Abbreviations
Introduction
1. Origins of Fiscal Federalism
2. Evolution of Fiscal Federalism
3. Finance Commissions: Their Composition and Functions
4. Continuity and Change: Approaches of Finance Commissions
5. Vertical Distribution: Changing Balances
6. Horizontal Distribution: Changing Balances
7. Grants-in-Aid: Magnitude and Composition
8. The Detail Matters
9. Local Self Governments and Finance Commisions
10. Goods and Services Tax Council: A New Institution in Indian Fiscal Federalism
11. Asymmetric Federalism
12. The Planning Commission: Its Rise, Fall, and Rebirth
13. NITI Aayog: Promise and Performance
14. Public Debt and Finance Commissions
15. Aggregate Central Transfers to States
16. The Fifteenth Finance Commission: New Challenges
Afterword
Index
About the Authors