👌👌👌Former RBI Governor Duvvuri Subba Rao discusses India’s fiscal federalism, highlighting states’ spending power and central government faults – The Hindu BusinessLine

Clipped from: https://www.thehindubusinessline.com/economy/ormer-rbi-governor-duvvuri-subba-rao-discusses-indias-fiscal-federalism-highlighting-states-spending-power-and-central-government-faults/article68982675.ece On the flipside, Central government was not right in increasing taxes through cesses and surcharges and called for a ceiling on such levies.