Centre Vs States: N K Singh & Haseeb Drabu Debate Fiscal Federalism | BT India@100

At the BT India@100 Summit, a no-holds-barred debate erupts between N K Singh, Chairman of the 15th Finance Commission, and Haseeb Drabu, former Finance Minister of J&K, moderated by Rajdeep Sardesai. The discussion dives into India’s fractious fiscal federalism — from shrinking accountability myths, populist spending, and constitutional constraints, to deeper demands for “resource federalism.” Drabu calls for empowering states beyond tax devolution, while Singh acknowledges the growing asymmetry between economic power and political weight, stressing the need to revisit the 7th Schedule of the Constitution. A must-watch for anyone interested in the power dynamics shaping India’s future federal structure.