Economics · Fiscal Federalism
In the context of Centre-State fiscal relations in India, 'Horizontal Devolution' refers to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Devolution of funds between a State Government and its Local Bodies
- 2Transfer of financial resources from the Union Government to Union Territories
- 3Distribution of the States' share of net tax proceeds among different States✓
- 4Transfer of resources from the Centre to all States combined
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Distribution of the States' share of net tax proceeds among different States
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