https://www.taxtmi.com/news?id=20445 Fiscal devolution and resource allocation require recalibration to address intra state inequalities and strengthen financing for Urban Local Bodies and Panchayati Raj Institutions. Any devolution formula should balance equity and efficiency, reflect states' taxation capacity, and use contemporary population data; a holistic review of Centrally Sponsored Schemes and consideration of fiscal consolidation constraints are necessary to ensure coherent, implementable transfers. en-us Wed, 22 Aug 2018 10:18:07 +0530 Wed, 22 Aug 2018 10:18:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20445 Fiscal devolution and resource allocation require recalibration to address intra state inequalities and strengthen financing for Urban Local Bodies and Panchayati Raj Institutions. Any devolution formula should balance equity and efficiency, reflect states' taxation capacity, and use contemporary population data; a holistic review of Centrally Sponsored Schemes and consideration of fiscal consolidation constraints are necessary to ensure coherent, implementable transfers. News - Wed, 22 Aug 2018 10:18:07 +0530 https://www.taxtmi.com/news?id=20445