 Changing Contours of Union–State RelationsA chapter in Studies in International Economics and Finance, 2022, pp 203-216 from Springer Abstract: Abstract The Union–State relationships in India have evolved over time in the framework of severely unbalanced power distribution. An important fallout of the skewed distribution of power structure is the weak bargaining power of the states. This is reflected in the restrictions placed on the Finance Commissions through the terms of reference and proliferation of a parallel channel of transfers for central schemes. The contradictions in Centre–State relationships have come to the fore during the COVID-19 pandemic. The States, being closer to the people, have had to fight the pandemic with drained resources. In this environment, putting conditions on the States to enable additional borrowing, abrogation of the agreement to pay compensation for the loss of revenue from GST has adversely impacted on the confidence and trust between the Centre and States and does not bode well for the future of the Centre–State cooperation in policy matters. All these point to the urgent need to have an institutional mechanism for intergovernmental bargaining and conflict resolution. Keywords: Fiscal Federalism; Centre-State Relations; Cooperative and competitive federalism (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:isbchp:978-981-16-7062-6_11 Ordering information: This item can be ordered from DOI: 10.1007/978-981-16-7062-6_11 Access Statistics for this chapter More chapters in India Studies in Business and Economics from Springer |
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