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

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Twelfth Finance Commission and States' Debt Burden

Both the Tenth and the Eleventh Finance Commissions formulated certain schemes for debt relief to the states which, however, were not sufficient to deal with the magnitude of the problem. It is necessary that this issue be addressed more seriously while drafting the terms of reference of the Twelfth Finance Commission.

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