4) The momentous changes in Indian fiscal federalism have implications for the functioning of the Fifteenth Finance Commission. Analyse.
Topic:Functions and responsibilities of the Union and the States, issues and challenges pertaining to the federal structure, devolution of powers and finances up to local levels and challenges therein.
4) The momentous changes in Indian fiscal federalism have implications for the functioning of the Fifteenth Finance Commission. Analyse. (250 Words)
Why this question?
It’s in news. Related to topic in syllabus. Also introduces you to an important concept – fiscal federalism (if you don’t know it)
Key demand of the question:
Analyse how recent changes such as GST, NITI Aayog will impact 15th FC functioning and recommendations.
Analyse: Divide into parts and sub-parts, and examine as per demand of the question.
Structure of Answer:
In the introduction write in 3-4 lines about recent changes in fiscal federalism and challenges they pose to FC.
Define fiscal federalism. Briefly explain mandate and constitutional provisions of FC.
In the conclusion, write that it’s an uphill task for 15th FC and it should overcome challenges to accommodate interests of states.
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