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

State Finance Commissions and Rural Local Bodies

The 73rd and 74th Constitutional Amendment Acts, 1992 have added a new dimension to fiscal federalism and decentralised public finance in the Indian federal system. The structure of intergovernmental fiscal relations and transfers necessarily will have to undergo significant changes. Their provisions relating to the creation of state finance commissions (SFCs) to rationalise fiscal relations at the sub-state level and make periodic fiscal corrections assume significance in this context. This paper seeks to critically review the recommendations of five SFCs, viz, Karnataka, Kerala, Punjab, Rajasthan and West Bengal, on fiscal devolution with reference to rural local bodies - the panchayati raj institutions (PRIs).

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top