Over the past few decades, a clear trend has emerged worldwide toward the devolution of spending and, to a lesser extent, revenue-raising responsibilities to state and local levels of government. One ...

Reimagining India’s Federalism’, moderated by Narayan Lakshman, the Curator of The Hindu Huddle and Opinion Editor, The Hindu. Echoing similar sentiments, P. Rajeeve, Kerala Minister for Law ...

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Balanced budget requirements (BBRs) are constitutional or statutory rules that generally prohibit states from spending more than they collect in revenue in a fiscal year. However, these state rules ...