Abstract: Grants-in-aid form a major route of fiscal transfers from the Central Government to the State Governments. The following paper attempts to study the categorisation of these grants made by the various Finance Commissions since 1951. Grants-in-aid can be broadly classified into two classes- Unconditional Grants and Conditional Grants which are further categorised into different types of grants.
Keywords: Grants-in-aid, Fiscal transfers, Finance Commission, Fiscal Federalism.
Title: CLASSIFICATION OF GRANTS-IN-AID RECOMMENDED BY THE FINANCE COMMISSION
Author: Anshika Sagar
International Journal of Interdisciplinary Research and Innovations
ISSN 2348-1218 (print), ISSN 2348-1226 (online)
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