%A Ranjit K Pattnaik %T Leave States to fix their own fisc %! Leave States to fix their own fisc %X India works with the principles of cooperative federalism under which expenditure made and taxes raised are both responsibilities shared between the Centre and the States. In principle, these responsibilities are shared in a finely-held balance. In practice, the balance is skewed, like it is in ma %U https://www.thebillionpress.org/columns/economy/leave-states-fix-their-own-fisc-437