TODAY -
Centralisation vs decentralisation
The Telegraph | Amiya Kumar Sharma | Feb 29, 2012
Many a time one has wondered how much we can blame the Centre for the Northeast’s slack economic progress. To get some perspective on this, let us look into the financial relationship between the Centre and the states, which has undergone drastic changes over the years. During the earlier years of the plan period, there was a more centralised system, which is quite understandable. However, in the last few years, the financial muscle of the Centre seems to have been flexed quite a bit, although we are in the process of decentralisation.
What are the implications for the states in the region?
From the perspective of the states, and also given the history of unification of our country, centralisation of economic power is not to be preferred. States are supposed to know what is best for them and if there is lack of funds, the Centre is there to assist. The Constitution provides for the Finance Commission to devise ways for sharing financial resources. But now the Planning Commission has become a much bigger force in deciding financial assistance to the states.
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* This Post is uploaded on February 29, 2012
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