Скачать или смотреть Centre-State Financial Relations: How Revenue is Shared in India? | UPSC

This bulletin explores the financial relationship between the central and state governments in India, as defined in Part XII of the Constitution. Articles 268-293 govern revenue distribution and grants-in-aid. The central government controls major revenue sources like income tax and GST collection. The Finance Commission (Article 280) determines the revenue-sharing formula and grants. State governments rely on central grants and centrally sponsored schemes. The implementation of GST exemplifies cooperative federalism, ensuring shared revenue between the center and states. These financial relations play a crucial role in maintaining economic stability and governance in India.
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