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4) A 2013 central bank study found state expenditure to have a far bigger beneficial impact on growth than spending by the Union government, which is much more likely than states to use borrowed funds to make payments. Examine the sources of funds for states, recent trends in devolution of funds to states by the union government and how can states spend the money effectively for the welfare of the people.

Topic: Issues and challenges pertaining to the federal structure, devolution of powers and finances up to local levels and challenges therein.

4) A 2013 central bank study found state expenditure to have a far bigger beneficial impact on growth than spending by the Union government, which is much more likely than states to use borrowed funds to make payments. Examine the sources of funds for states, recent trends in devolution of funds to states by the union government and how can states spend the money effectively for the welfare of the people. (200 Words)

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