ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles by Hari Krishna DwivediSubscribe to Hari Krishna Dwivedi

A Critique of the Fifteenth Finance Commission

This article analyses the conditions imposed by the central finance commissions on the release of grants to local bodies in the past and assesses the difficulties that they will face to draw the entire grants recommended to them during the Fifteenth Finance Commission period.

The Debt Sustainability of West Bengal

This paper uses the indicator-based approach to assess subnational debt and the fiscal sustainability of West Bengal for the period 2000–01 to 2017–18. The period has been categorised into four phases based on debt sustainability. It is studied here how the state has moved from an “unsustainable” debt burden in the first phase (2000–01 to 2003–04) to more sustainable debt levels by the fourth phase (2010–11 to 2017–18), largely driven by the Fiscal Responsibility and Budget Management Act.

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