The present paper analyzed the changing contour of Indian federalism after the historical constitutional amendments in 1992 related to Panchayati Raj and urban local bodies. The urban local finance in Haryana, particularly after the historical 74th Constitutional Amendment Act, 1992 has added a new dimension to the fiscal decentralization and fiscal federalism in this country. This analysis was based upon secondary data collected for the period of 10 years (2004-2014) from various sources on income and expenditure of urban local government in Haryana.

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