On, OoruLabs, India's premier urban issues podcast,

We speak with Pranay Kotasthane. He is the deputy director of Takshashila Institution, an independent centre for research and education in public policy. He teaches topics in public policy, international relations, and public finance at Takshashila's graduate and post-graduate programmes. We dwell on the current controversy on sharing of monies from Union to the states and the alleged injustice to the southern states which seem to be published for doing well economically.

Are the tax devolutions politically influenced? Why are states so dependent on the union government for monies? Are there deficiencies and discretion in the devolution of the tax monies? What are the other amounts nobody is talking about? Is the centre keeping too much money to itself? Are states doing a good job of raising and spending monies?

Stock video and picture credits to various contributors on insightsonindia, drishtiias, openbudgetsindia, abplive, New Indian Express, clearIAS, population foundation of India, K Raja, the India Forum, civilspedia and others. All rights belong to respective owners.

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Income disparity and what it takes to equalise by Palanivel Thiaga Rajan - https://frontline.thehindu.com/economy/uttar-pradesh-economy-comparison-with-tamil-nadu-south-india/article67821390.ece

Finance Commission of India - https://fincomindia.nic.in

Missing In Action : Why You Should Care About Public Policy by Pranay Kotasthane, Raghu S. Jaitley - https://amzn.eu/d/8UAS1XT 

Takshashila Institution - https://takshashila.org.in/ 

Population Foundation of India - https://www.populationfoundation.in/ 

S1E17 Does size matter, governance challenges in big cities - https://youtu.be/helgTk7_0TE 

S2E24 Should Bengaluru be split, Governance in a city like Bengaluru with Ravichandar V - https://youtu.be/EmqquGZQx1s 

S1E31 Where is the money in our cities going? Public Finance episode with Srikanth Vishwanathan - https://youtu.be/fIMKPW59jqM 

S1E45 Which is India’s best future ready city? State of our city governance and finances with Srikanth Vishwanathan - https://youtu.be/tbeb1ERyGoE 

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Timecodes

00:00 - Introduction & context

01:44 - Political/fiscal federalism

11:32 - Central pot of money

17:10 - GST distribution 

20:25 - Money from the pot to states

22:57 - Imperfect formula

30:25 - Rewarding population

39:10 - Fiscal prudence by states

44:32 - Ministerial Grants

47:28 - State finance commission

52:13 - Missing in Action

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