Likening fiscal federalism to a game between the Union and the States, and among the States themselves, Indian Fiscal Federalism lays bare the complex rules of play. It examines the pivotal role of Finance Commissions and assesses momentous events since 2014, such as the replacement of the Planning Commission by NITI Aayog, the emergence of the GST Council, and the controversies surrounding the Fifteenth Finance Commission.
The book offers a historical perspective on fiscal federalism, in particular the interplay and overlap of institutional mechanisms. In doing so, it examines persistent as well as immediate concerns, and offers a way forward.
A contemporary, timely, and comprehensive analysis of fiscal federalism in India, this is a must-read for all those interested in the subject.
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Y.V. Reddy, Former Governor, Reserve Bank of India, ,G.R. Reddy, Adviser (Finance), Government of Telangana,
Y.V. Reddy was Chairman, Fourteenth Finance Commission, and Governor, Reserve Bank of India. He has served both the Central and State Governments in various capacities.
G.R. Reddy is Adviser (Finance) to the Government of Telangana and served the Government of India and State Governments in the area of public finance and Union-State relations.
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