This paper examines the trends in central finances over a threedecadal period beginning from the 1970s. It is found that there is lack of buoyancy in all the major sources of revenue of the Central Government. This calls for devising new methods of revenue mobilisation. There are political...

The focus of the paper is to review the Terms of Reference (TOR) of the Twelfth Finance Commission with special reference to Kerala. It also critically examines the emphasis on fiscal deficit reduction without paying attention to its quality and finds that this has led to the Centre and the...

The study analyses whether the growing State Domestic Product (SDP) of Kerala since the latter half of the 1980s, has acted as a larger resource base for the State and finds that it has not. While the inability to fully tap the existing resource potential could be cited as a reason, the paper...