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Volume : II, Issue : XI, December - 2012 PRAGMATIC APPROACH OF FISCAL FEDERALISM IN INDIA S.V.SOWANI DOI : 10.9780/22307850, Published By : Laxmi Book Publication Abstract : As pointed out in the Document on 'Centre-States Relations' adopted by the
States who are opposite political view indicated that the structure of the Indian
constitution is more unitary than federal. By vesting all residuary powers in the Centre
and by keeping 47 items in the concurrent list it strengthened the base of Central control
and vested the Central governance with practically unlimited powers to interfere in the
governance of states.
India has completed more than sixty five years of federal finance. The states are
facing fiscal deficits. The center has got more elastic and productive taxes. The states are
more dependents on the center. Being federal financial country constitutionally there is a
separate provision for the Finance Commission recommendation- appointed by the
President of India Keywords : Article : Cite This Article : S.V.SOWANI, (2012). PRAGMATIC APPROACH OF FISCAL FEDERALISM IN INDIA. Indian Streams Research Journal, Vol. II, Issue. XI, DOI : 10.9780/22307850, http://oldisrj.lbp.world/UploadedData/1733.pdf References : - Rao, M.Govinda & Sen, Tapas K. (1996) : Fiscal Federalism in India Theory and Practice, Macmillan, Delhi.
- Livingstone N (1952) : A Note on the Nature of Federalism: Political Science Quarterly Vol. 67.
- Musgrave R.A. (1959) Theory of Public Finance
- Rao, K Madhav – “Federalism and all that” The Economic Times Vol. 36 to 230.
- RBI Bulletin (Various issues)
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