ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Heterodox Economics

LETTERS Issn 0012-9976 Ever since the first issue in 1966, EPW has been India’s premier journal for comment on current affairs and research in the social sciences. It succeeded Economic Weekly (1949-1965), which was launched and shepherded by Sachin Chaudhuri, who was also the founder-editor of EPW...

Can Poor States Afford the Fiscal Responsibility Legislation?

An analysis of revenue and expenditure trends in the six least developed states for the period 2003-04 to 2007-08 reveals how these states have met the Twelfth Finance Commission revenue deficit targets ahead of the 2008-09 deadline. In their rush to meet these targets, the states may have cut down expenditure in the very sectors where progress is most crucial to lift them out of their present least developed status.
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