Fiscal reform incentives have come to stay in the transfer schemes of the finance commissions in India. To administer such transfers there is a need for evolving sound criteria for monitoring the fiscal discipline of the states. The 11th finance commission evolved a measure of fiscal discipline...

Though fiscal reforms at the state level have been an important component of economic policy reforms, the finances of the states continued to deteriorate even in the 1990s. It was in this backdrop the Eleventh Finance Commission recommended a fiscal reform incentive scheme. The Twelfth Finance...

The economic reforms were introduced in India since 1991 and in course of time, state governments have also initiated economic reforms. The central objectives of state level reforms comprise fiscal consolidation consistent with macro-economic stability, development with a human face, reduction...