This article is published in association with IMF. India’s fiscal framework involves substantial transfers from the union government to sub-national agencies, like states and the urban local bodies (ULB), and further downstream to businesses and citizens. In the current fiscal year, the Government of India (GoI), plans to transfer USD 266 billion, or 7% of India’s […]Smart Payments: Making Fiscal Transfers Just-in-Time
August 13, 2024 by Leave a Comment
This article is published in association with IMF. India’s fiscal framework involves substantial transfers from the union government to sub-national agencies, like states and the urban local bodies (ULB), and further downstream to businesses and citizens. In the current fiscal year, the Government of India (GoI), plans to transfer USD 266 billion, or 7% of India’s […]
