What is federal finance system in India?

the federal finance system is like a money-sharing plan between the big government (center) and smaller state governments.

Money from taxes, duties, and grants is divided between the main government and state government

Different Taxes for Different Job

main government gives extra money to state governments to help them

federal finance system helps everyone work together to make sure the economy runs

Both big and small governments work hard to get enough money

make plans for how to spend the money, making sure important thing

Being Responsible with Money

Money is shared between governments so that everyone benefits

Challenges and Making Things Better

federal finance system in India is like a teamwork plan for money