Centre-State fiscal relationship,role of Finance Commission; Financial aspects of 73rd and 74th Constitutional amendments.

Under the Constitution the financial Resources of the State are very limited though they have to do many works of social uplift under directive principles. In order to cope with their ever-expanding needs, the Central Government makes grants-in-aid to the States. Grant- in-aid to States , through it Central Government exercises a strict control over … Read more

Finance Commission

Under the Constitution the financial Resources of the State are very limited though they have to do many works of social uplift under directive principles. In order to cope with their ever-expanding needs, the Central Government makes grants-in-aid to the States. Grant- in-aid to States , through it Central Government exercises a strict control over … Read more

Laffer Curve

The Laffer Curve: A Controversial Tool for Tax Policy The Laffer Curve, a simple yet powerful economic concept, has sparked heated debates and influenced tax policies worldwide. It posits a relationship between tax rates and government revenue, suggesting that increasing tax rates beyond a certain point can actually lead to a decrease in revenue. This … Read more

Role Of Finance Ministry In Monetary And Fiscal Policy

–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> Fiscal role of ministry of finance The Ministry of Finance plays a very crucial role in development Planning in India. It supervise the financial institution and is responsible for the overall financial management of the country. The Ministry of Finance is responsible for the fiscal administration … Read more

Role of Finance Commission in Centre- State financial relations

  Under the Constitution the financial Resources of the State are very limited though they have to do many works of social uplift under directive principles. In order to cope with their ever-expanding needs, the Central Government makes grants-in-aid to the States. Grant- in-aid to States , through it Central Government exercises a strict control … Read more

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