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

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Federal Financial Relations

The division of total revenue expenditure into plan and non-plan and the division of functions and responsibilities between the Planning Commission and the Finance Commission have become important issues in federal financial relations. These can be discussed under four broad heads: (i) the constitutional aspects and how the various commissions have looked at them; (ii) the practical aspect; (iii) the impact of the dichotomy between the two institutions on fiscal discipline among the states; and (iv) the institutional aspects.

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