The 16th Finance Commission is expected to be set up by November. So, this week on Puliyabaazi we discuss how vertical and horizontal devolution is decided based on the formula set by the Finance Commission, why some redistribution is inevitable, and Pranay’s three ideas to incentivize better fiscal performance in the states.
वित्त आयोग की फार्मूला के अनुसार केंद्र और राज्यों के बीच टैक्स का बंटवारा कैसे होता है? इस आवंटन में क्या बदलाव किये जा सकते है ताकि राज्यों के वित्तीय कामकाज में सुधार हो? इसी पर प्रणय देते है कुछ सुझाव इस पुलियाबाज़ी में। तो सुनियेगा ज़रूर।
***** useful links *****
Let the Fiscal Federalism Games Begin by Pranay Kotasthane
Why the south-vs-north debate is a flawed way to analyse the 15th finance commission formula by Pranay Kotasthane
India’s Debt Dilemma by Barry Eichengreen, Poonam Gupta and Ayesha Ahmed
https://www.ncaer.org/wp-content/uploads/2023/07/Paper-I-Barry-Poonam.pdf
Fifteenth Finance Commission Reports for 2021-2026
https://fincomindia.nic.in/ShowContent.aspx?uid1=3&uid2=0&uid3=0&uid4=0
***** more Puliyabaazi on Public Finance *****
सरकार का पैसा आख़िर जाता कहाँ है? Understanding India’s Public Finance ft. Avani Kapur
हमारी शहरी सरकारें इतनी कमजोर क्यों है? The state of India’s Municipal Finances
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सोलहवे वित्त आयोग के लिए तीन सुझाव। 3 Ideas for the 16th Finance Commission