Devising optimal criteria for federal fiscal transfers to reduce fiscal imbalances across the States has always been a demanding job in India. In particular, two aspects that have become perennial sources of controversy are; (i) the disintegrated approach, and (ii) the near-subjective assignment...

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...

Devising optimal criteria for federal fiscal transfers to reduce fiscal imbalances across the States has always been a demanding job in India. In particular, two aspects that have become perennial sources of controversy are; (i) the disintegrated approach, and (ii) the near-subjective assignment...

Devising optimal criteria for federal fiscal transfers to reduce fiscal imbalances across the States has always been a demanding job in India. In particular, two aspects that have become perennial sources of controversy are: 1) the disintegrated approach, and 2) the near-subjective assignment of...