Masterclass on tax devolution in India | S2E7

On, OoruLabs, India's premier urban issues podcast, We speak with Pranay Kotasthane. He is the deputy director of Takshashila Institution, an independent centre for research and education in public policy. He teaches topics in public policy, international relations, and public finance at Takshashila's graduate and post-graduate programmes. We dwell on the current controversy on sharing of monies from Union to the states and the alleged injustice to the southern states which seem to be published for doing well economically. Are the tax devolutions politically influenced? Why are states so dependent on the union government for monies? Are there deficiencies and discretion in the devolution of the tax monies? What are the other amounts nobody is talking about? Is the centre keeping too much money to itself? Are states doing a good job of raising and spending monies? Stock video and picture credits to various contributors on insightsonindia, drishtiias, openbudgetsindia, abplive, New Indian Express, clearIAS, population foundation of India, K Raja, the India Forum, civilspedia and others. All rights belong to respective owners. - Income disparity and what it takes to equalise by Palanivel Thiaga Rajan - https://frontline.thehindu.com/economy/uttar-pradesh-economy-comparison-with-tamil-nadu-south-india/article67821390.ece Finance Commission of India - https://fincomindia.nic.in Missing In Action : Why You Should Care About Public Policy by Pranay Kotasthane, Raghu S. Jaitley - https://amzn.eu/d/8UAS1XT Takshashila Institution - https://takshashila.org.in/ Population Foundation of India - https://www.populationfoundation.in/ S1E17 Does size matter, governance challenges in big cities - https://youtu.be/helgTk7_0TE S2E24 Should Bengaluru be split, Governance in a city like Bengaluru with Ravichandar V - https://youtu.be/EmqquGZQx1s S1E31 Where is the money in our cities going? Public Finance episode with Srikanth Vishwanathan - https://youtu.be/fIMKPW59jqM S1E45 Which is India’s best future ready city? State of our city governance and finances with Srikanth Vishwanathan - https://youtu.be/tbeb1ERyGoE — Timecodes 00:00 - Introduction & context 01:44 - Political/fiscal federalism 11:32 - Central pot of money 17:10 - GST distribution 20:25 - Money from the pot to states 22:57 - Imperfect formula 30:25 - Rewarding population 39:10 - Fiscal prudence by states 44:32 - Ministerial Grants 47:28 - State finance commission 52:13 - Missing in Action ——— Listen to other video-pods on this topic and subscribe to the channel Spotify link: https://open.spotify.com/show/6EYcxIPGW0UQvmkk67Ox0x?si=efbf1c2c47d449be Apple Podcasts link: https://podcasts.apple.com/us/podcast/the-oorulabs-podcast/id1682407685 YouTube link: YouTube.com/@oorulabs Website: https://podcast.oorulabs.com Join this WhatsApp community to receive updates on OoruLabs Podcast https://chat.whatsapp.com/HquObSYDOFz5DXP6TEh07W