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

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Foreign Capital- Inducement to Disinvest

in favour of the Centre. The states have been left with inelastic sources of revenue and in the determination of their plan size the Centre has always taken into account how much local' resources can be coughed up by a state. This has made for a contradictory situation, and many states

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