ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Maharashtra’s Budget Post Fourteenth Finance Commission

Underutilised Fiscal Space

The hike in tax devolution to states by the Fourteenth Finance Commission to give a larger fiscal space to the states has meant sharp cuts for centrally-sponsored schemes. Studying the case of Maharashtra, it is found that without adequate norms and yardsticks of development expenditure, the state has failed to exploit its fiscal potentials.



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