Federal Financial Relations in India | Summary & Important Facts | UPSC Current Affairs 2025 | UPSC

In this video, we explain Federal Financial Relations in India — a crucial topic for UPSC GS Paper 2 (Polity & Governance) and UPSC Prelims Current Affairs 2025.
Understand how financial powers are shared between the Union and the States, the role of the Finance Commission, vertical & horizontal devolution, grants-in-aid, GST reforms, and major issues in fiscal federalism.

📘 What You Will Learn:

Meaning of Fiscal Federalism

Constitutional Provisions (Art. 268–281)

Division of Taxing Powers

Finance Commission: Role & Recommendations

GST Council & Cooperative Federalism

Types of Grants (Statutory, Discretionary, Centrally Sponsored Schemes)

Issues & Challenges in Union–State Financial Relations

Key UPSC Prelims Pointers & Facts

Perfect for UPSC Prelims, GS Paper 2, Current Affairs & Polity Revision.

📺 UPSC Mastermind Current Affairs — Clear explanations + UPSC-oriented notes.#FiscalFederalism #FederalFinancialRelations #UPSCMastermind #UPSC2025 #UPSCPrelims2025 #UPSCMains2025 #IndianPolityUPSC #FinanceCommission #GSTCouncil #CentreStateRelations #UPSCGS2 #IASPreparation #DailyCurrentAffairsUPSC

Видео Federal Financial Relations in India | Summary & Important Facts | UPSC Current Affairs 2025 | UPSC канала UPSC Master Mind current affairs