ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Tenets of Tenth Finance Commission-A Critique

The experience of the last four decades shows that the system of federal transfers in India while providing a mechanism for addressing the vertical and horizontal imbalances significantly, has run almost into a dead-end primarily because of two factors: (i) the approach of the Finance Commissions in tackling the tasks set for them, and (ii) the dichotomy between plan and non-plan segments of the government budgets.

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