55% Rise In Funds To States, But They Aren't Ready

  Tax money transferred without conditions from Delhi to India’s states rose 55% in 2015-16–breaking a 68-year tradition of Central control–but from early indications, states were unprepared for this Rs 5.24 lakh crore ($ 831.7 billion) bonanza, a new paper has said.   The flood of money is a result of “devolution”–a recommendation made in … Continued