Q.3 Recently released RBI data on the states’ outstanding debt has registered an upward movement. In this context, analyse the issues between centre and state in fiscal domain. Also shed light on the issues with discretionary spending by the states. (15 Marks)

Mentor’s Comments- https://epaper.thehindu.com/Home/ShareArticle?OrgId=GNRA75O96.1&imageview=0 In the introduction, talk about the dismal fiscal health of the states. In the body, mention issues … Continue reading Q.3 Recently released RBI data on the states’ outstanding debt has registered an upward movement. In this context, analyse the issues between centre and state in fiscal domain. Also shed light on the issues with discretionary spending by the states. (15 Marks)