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This article is based on the news “Why is fiscal consolidation so important? | Explained†which was published in the Hindu. The states of Karnataka and Kerala are bringing their protest against the Centre’s alleged biased fiscal policies to the national capital, Delhi.
Relevancy for Prelims: Fiscal Federalism, Parliament Budget Session 2024 Live Updates, Union Budget 2024-25, Interim Budget 2024-2025, , Federalism, and Finance Commission.
Relevancy for Mains: Fiscal Federalism In India: Current Status, Challenges and Way Forward. |
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Broad Principles Associated With Fiscal Federalism:
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Views of Earlier Commissions and Committees on Centre State Relations in India |
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First Administrative Reforms Commission (1966) |
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Rajamannar Committee (1969) |
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Sarkaria Commission (1988) |
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Punchhi Commission (2010) |
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Report of the Sub-Group of Chief Ministers on Rationalisation of Centrally Sponsored Schemes (2015) |
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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 |
UPSC Mains Previous Year Papers | UPSC Test Series 2024 |
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