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Rising Fiscal Deficit and Public Debt in India: Challenges and the Path to Fiscal Prudence

Admin012 mins

Introduction India’s economic aspirations rest heavily on sound fiscal management. The fiscal deficit and public debt are critical indicators of a nation’s financial health. While these are not inherently problematic, their sustained rise poses significant challenges for macroeconomic stability, inflation control, and long-term growth. Over the past few years—especially post-COVID-19—India has witnessed a marked increase…

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The Functions of the Finance Commission of India: A Key Pillar of Fiscal Federalism

Admin016 mins

The Finance Commission of India plays a crucial role in ensuring equitable distribution of financial resources between the central government and the states. Established under Article 280 of the Indian Constitution, the Finance Commission’s primary responsibility is to recommend the distribution of the net proceeds of taxes between the Union and the States, as well…

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Are Committees Useful for Parliamentary Work? A Discussion on the Role of the Estimates Committee

Admin016 mins

Introduction In any democracy, the legislative process is crucial to the functioning of government. In India, the Parliament plays a key role in shaping laws, policies, and budgetary allocations. While plenary sessions and debates are essential components of parliamentary procedures, committees have emerged as critical instruments in ensuring thorough scrutiny and focused examination of various…

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The Role of the Finance Commission in Centre-State Financial Relations

Admin017 mins

Introduction The Finance Commission plays a crucial role in shaping the fiscal framework between the Centre and the States in India. Established under Article 280 of the Indian Constitution, the Finance Commission is a constitutional body tasked with recommending the distribution of financial resources between the Union (Central Government) and the States, as well as…

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