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March 28, 2024 8880 0
Centre State Financial Relations, delineated in Part XII of the Indian Constitution (Articles 264-293), govern the distribution of financial resources and responsibilities between the central and state governments. These provisions outline mechanisms for revenue sharing, taxation powers, grants-in-aid, and other financial matters. The goal is to ensure fiscal autonomy for states while also maintaining financial stability and equity across the country. These relations play a crucial role in fostering cooperative federalism and ensuring the effective functioning of the Indian federal system.
GRANTS IN AID TO STATES
Statutory Grants | Discretionary Grants | |
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Other Grants |
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Protection of the State’s interest | Following bills can be introduced in the Parliament only on the recommendation of the President (Art.274):
“Tax or duty in which states are interested”:
Net Proceed (Art. 279): The proceeds of a tax or a duty – the cost of collection.
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Borrowing by the Centre and the States |
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Exemption of Union property from taxation of state
(Art. 285) |
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Exemption of State property from central taxation
(Art.289) |
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Effects of Emergency | National Emergency (Art. 352) | Financial Emergency (Art. 360) |
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Article | Levy | Collection | Appropriation | Various Taxes |
268 | Centre | States | States |
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269 | Centre | Centre | States |
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270 | Centre | Centre | Shared between Centre and states |
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271 | Centre | Centre | Centre |
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Others
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Committees on Centre-State Relations
By Center | By State |
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Must Read | |
NCERT Notes For UPSC | UPSC Daily Current Affairs |
UPSC Blogs | UPSC Daily Editorials |
Daily Current Affairs Quiz | Daily Main Answer Writing |
Conclusion
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