India needs a stout tax system to augment the utilization of financial resources and minimize the mistrust in the aspects of fiscal federalism. Elaborate

Topic: GS-2: Functions and responsibilities of the Union and the States, issues and challenges pertaining to the federal structure, devolution of powers and finances up to local levels and challenges therein.  GS-3: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. 5. India needs a stout tax system to augment …