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Fiscal federalism refers to the financial relationship between different levels of government in a federal system, particularly the distribution of revenue powers and expenditure responsibilities. In India, fiscal federalism plays a crucial role in maintaining balance between the Union and the States while promoting economic development and cooperative governance. The framework of fiscal federalism in India ______ ______ ______ _____ _______ ___ _________ _____ __________ _________ __________ __________.
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