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How Modi’s ‘double engine’ is derailing fiscal federalism
T.M. Thomas Isaac critiques the 2024 Union Budget, highlighting its deviation from the Gadgil formula that ensured fair fiscal devolution between the Centre and the states. He argues that the BJP government’s approach undermines cooperative federalism, disproportionately affecting the financial stability of states.
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By FrontlineT.M. Thomas Isaac critiques the 2024 Union Budget, highlighting its deviation from the Gadgil formula that ensured fair fiscal devolution between the Centre and the states. He argues that the BJP government’s approach undermines cooperative federalism, disproportionately affecting the financial stability of states.