Twelfth Finance Commission and Restructuring of State Government Debt: A Note

Appeal for Donations to the Corpus of Sameeksha Trust

This is an appeal to the subscribers, contributors, advertisers and well-wishers of Economic and Political Weekly (EPW), published by Sameeksha Trust, a public charitable trust registered with the office of the Charity Commissioner, Mumbai, India. EPW has completed 50 years of publication. Details here.

Reader Mode

^-A A ⁺A

Twelth Finance Commission

Jayati Ghosh

Vol. 40, Issue No. 31, 30 Jul, 2005

Twelfth Finance Commission and Restructuring of State Government Debt: A Note

Vol. 40, Issue No. 31, 30 Jul, 2005

Twelth Finance Commission

Jayati Ghosh

The Twelfth Finance Commission's proposed plan for restructuring the debt of state governments contains stringent conditions that probably violate the basic tenets of fiscal federalism. Macroeconomic norms dictated by global finance capital could not obviously be reconciled with the requirements of economic democracy.

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

Read more about Twelfth Finance Commission and Restructuring of State Government Debt: A Note

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.