Mentors Comments: 1. Define fiscal federalism 2. What are the various constitutional provisions, laws and institutions for ensuring FF? 3. What challenges does the FF in India face? How to resolve them? Answer: Fiscal federalism, financial relations between units of governments in a federal government system. It is part of the broader public finance discipline. … Continue reading What do you understand by fiscal federalism? Why is it needed in India? What are the challenges we face in realizing this objective? (250 Words)