The finest legacy of the late I S Gulati is in the field of federal financial relations. The goal set by Gulati for federal transfers, viz, equalisation of primary civic services based on acceptable standards or norms is unexceptionable. Norm-based equalisation serves both equity and efficiency. It is to be hoped that the legacy left behind by Gulati will be picked up by the Twelfth Finance Commission which is to be formed soon.
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.
Comments
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.