List of Tables, Figures, and Box Acknowledgements Abbreviations Introduction 1. Origins of Fiscal Federalism 2. Evolution of Fiscal Federalism 3. Finance Commissions: Their Composition and Functions 4. Continuity and Change: Approaches of Finance Commissions 5. Vertical Distribution: Changing Balances 6. Horizontal Distribution: Changing Balances 7. Grants-in-Aid: Magnitude and Composition 8.

The Detail Matters 9. Local Self Governments and Finance Commisions 10. Goods and Services Tax Council: A New Institution in Indian Fiscal Federalism 11. Asymmetric Federalism 12. The Planning Commission: Its Rise, Fall, and Rebirth 13. NITI Aayog: Promise and Performance 14. Public Debt and Finance Commissions 15. Aggregate Central Transfers to States 16.

The Fifteenth Finance Commission: New Challenges Afterword Index About the Authors.