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Centre–State financial relations in India are shaped by the constitutional design that distributes taxing powers, expenditure responsibilities and institutional mechanisms for fiscal coordination between the Union and the States. The Constitution assigns the Union subjects of national importance such as defence, foreign affairs, railways and major taxes like income tax (excluding agricultural income), corporation tax, customs and excise on non-alcoholic goods. _________ _______ _____ __________ _____ _________ ___ _________ ____ _____ ________.
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