Chapter 1: Introduction -- Chapter 2: Finances of Dhaka City Corporations and Kolkata Municipal Corporation -- Chapter 3: Fiscal health of Dhaka and Kolkata cities -- Chapter 4: Conclusions and Recommendations.

This article examines recent and potential reforms in India's fiscal federal system. We summarize key federal institutions in India, including tax and expenditure assignments, and mechanisms for Center–state transfers. We discuss the institutional process by which reforms can and do take...