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India is a Union of States, and Indian Republic's federal nature has been hardcoded into the Constitution. While political federalism is important, control over the purse strings often makes or breaks federalism. Pranay Kotasthane returns to The Pragati Podcast to help us understand how fiscal federalism works in India. Pranay and Pavan talk about the Finance Commission, recent developments and debates, and how the Planning Commission played an overwhelming role in fiscal federalism till it was abolished. The Pragati Podcast is a weekly talkshow on public policy, economics and international relations hosted by Pavan Srinath. Pranay Kotasthane is the Head of Policy Research at the Takshashila Institution and hosts the Puliyabaazi Hindi Podcast. Follow The Pragati Podcast on Instagram: https://instagram.com/pragatipod Follow Pragati on Twitter: https://twitter.com/thinkpragati Follow Pragati on Facebook: https://facebook.com/thinkpragati