Q.3 Instances have come to light where states with highest debt-to-GDP levels take fiscally profligate actions. In this regard, analyse how fiscal devolution is causing a lack of state-level fiscal responsibility and what needs to be done to improve it? (10 Marks) - Civilsdaily

Q.3 Instances have come to light where states with highest debt-to-GDP levels take fiscally profligate actions. In this regard, analyse how fiscal devolution is causing a lack of state-level fiscal responsibility and what needs to be done to improve it? (10 Marks)

Mentor’s Comments- https://www.livemint.com/opinion/online-views/india-should-incentivize-state-level-fiscal-responsibility-11667752420919.html In the introduction, write about Rajasthan, Chhattisgarh and Punjab governments restoring the old pension scheme. In the … Continue reading Q.3 Instances have come to light where states with highest debt-to-GDP levels take fiscally profligate actions. In this regard, analyse how fiscal devolution is causing a lack of state-level fiscal responsibility and what needs to be done to improve it? (10 Marks)