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The Hindu

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Lekha Chakraborty, Balamuraly B.

FORGOTTEN HISTORY: The finance commission and public finance in kerala - The Untold Story

Finance Commission the Finance Commission Kerala

Public debt management is getting wider attention in Centre-State financial relations, against the backdrop of recently constituted Sixteenth Union Finance Commission. One of the States in India, Kerala, had filed a suit in the Supreme Court of India against the Centre’s decision on the net borrowing ceiling of States. These recent developments relate to a clarion call for “asymmetric fiscal rules” relating to deficits and debts in India.

This issue requires wider discussion and debate as debt- deficit dynamics is the single most significant issue now in Centre-State financial relations.

Also read | Kerala’s public debt comes down to ₹2.38 lakh crore

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