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The issue of fiscal federalism has been in focus with southern states protesting against the Modi government. Economist R Ramakumar has found that the Union government has been keeping more money from the states by increasing cess & surcharge and not adding that to the reserve fund. In addition, they also owe states around Rs 5.6 lakh cr to the states as per the 14th and 15th Finance Commission reports.
#FiscalFederalism #SouthTaxMovement #Modi #FinanceCommission #NirmalaSitharaman
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3 мар 2024