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15 lessons,
2h 38m
Centre State Relations - Financial Relations IV
594 plays

In this lesson, the remaining provisions in Part XII dealing with the financial relations between the centre and the states - borrowing powers of the Union and the states, exclusive economic zones and right to property are discussed

Deepika Reddy Magham is teaching live on Unacademy Plus

Deepika Reddy Magham
BCA, LLB, MBA; Director, Shikara IAS Academy; 10 years experience in teaching Indian Polity, Ethics, Indian Society and Social Justice.

Unacademy user
sir please tell about which year budget and economic survey has to read for aspirants preparing for 2018
In 2018 prelims, there was a question with respect to Union State financial relations, the statement was like state government should obtain permission from centre to borrow from market if they have any outstanding with centre, gone through your 4 videos of financial relations and didn't found that one, what should we do for these kind of questions. Suddenly we see the question means we have no clue whatsoever so how to cover these things kindly see 2018 paper , there was a 3 statement question with respect to Union and State debts with respect to GDP. Please reply
please start a course on parliament and parliamentary committees, one of the widest and so many thinks to remember
madam '26th CAA' is in 1971 i think....correct me if i am wrong.....thank u....
yes Bhaskar sorry it is a type error and I Did not notice.
madam please make lessons on PART V(union), PART VI(states), judiciary, emergency provisions.....thank u....

  2. Article 291 Dealt with Privy Purse given to princely states by Centre to merge them Repealed by 26th Constitutional Amendment Act 1976

  3. Article 292 Deals with the borrowing power of the Government of India The executive power of the Union extends to borrowing upon the security of the Consolidated Fund of India within such limits, if any, as may from time to time be fixed by Parliament by law and to the giving of guarantees within such limits, if any, as may be so fixed Union can borrow from internal & external sources

  4. Article 293 Deals with the borrowing powers of the States. It states that the executive power of a State extends to borrowing within the territory of India upon the security of the Consolidated Fund of the State within such limits, if any, as may from time to time be fixed by the Legislature of such State by law

  5. The Government of India may, subject to such conditions as may be laid down by or under any law made by Parliament, make loans to any State or, so long as any limits fixed under Article 292 are not exceeded, give guarantees in respect of loans raised by any State, and any sums required for the purpose of making such loans shall be charged on the Consolidated Fund of India

  6. Article 294 Deals with the Succession to property, assets, rights, liabilities and obligations in certain cases from the commencement of this Constitution It provided for the succession of the Republic of India over the British Raj. All property vested in His Majesty's Government will be the property of The Republic, and all rights, obligations and liabilities done by His Majesty's Government in the Dominion shall be the rights, liabilities and obligations of the Republic of India.

  7. Article 297 Deals with Exclusive Economic Zones (Asses by 40th CAA, 1976). It states that EEZ are under control of Union.

  8. Article 299 All Contracts made in the exercise of Executive power of union (or) the state shall be issued in the name of President/Governor.

  9. Article 300A Right to Property Inserted by the 44th Constitutional Amendment Act 1978 It States no person shall be deprived of his property except by authority of law This article more of a safeguard than a right as it protects the property of person from being acquired unless the law prescribes for such acquisition