“COVID pandemic has put the States in the dire fiscal position. What we need is more of the fiscal decentralisation now.” In light of this, along with other factors, elaborate on the role 15th Finance Commission could play in this regard.10 marks

Mentor’s comment- https://indianexpress.com/article/opinion/columns/coronavirus-finance-commission-india-fiscal-deficit-economic-package-covid-19-relief-measures-6458967/ In the intro, you can briefly state what do you mean by fiscal decentralisation. In the body, focus on the factors like  FRBM limits on state, reducing the debt/GDP ratio, conditions on the state by the central government while increasing the borrowing limits, issue of GST   and compensation for revenue loss, and … Continue reading “COVID pandemic has put the States in the dire fiscal position. What we need is more of the fiscal decentralisation now.” In light of this, along with other factors, elaborate on the role 15th Finance Commission could play in this regard.10 marks