Question

Impact of the new economic measures on fiscal ties between the union and states in india.

Answer 1

Context : Introduction of GST, establishment of NITI AAYOG, Change in government scheme funding, 14th Finance Commission Recommendations

 

 

Ideal Essay Structure For This Topics :

 

Introduction :

 

In introduction write about fiscal distribution structure of our federal political system and its importance

 

Main Body :

 

Write in several paragraphs about recent ( here by recent means several year ) changes in fiscal changes :

14th Finance Commission Recommendation, consequent changes in central government’s devolution of finances

Changes in funding of government schemes

Creation of NITI AAYOG and ceasing of 5 year Plan System

Creation of GST, GST Council working

 

Then write about effects of these changes both positive and negatives, positive changes such as more devolution of finances to state government, better co ordination through GST council and NITI AAYOG

Negative changes such as, decrease in state’s revenue due to GST, then reduction in finance of some important schemes by central government in wake of 14th FC recommendations

 

Then most important :

Your suggestions to deal with negative effects of these changes