Analyse the financial relation between the centre and the states of india
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The Centre can exercise control over the state finances and graints-in-aid both general and special to meet the expenditure on development schemes. During financial emergency the president has the power to suspend the provision regarding division of taxes between the centre and the state. He can also impose other restriction on the expense of the state.
The State have to carry out the centre sponsored schemes for which the centre gives grants and the contribution under which these are to be made. The planning commission has created and over centralised planning system.
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