Indian Culture & Heritage·Landmark Events

Public Finance and Fiscal Policy — Landmark Events

Updated 7 Mar 2026

Landmark Events

S.R. Bommai v. Union of India

1994

While primarily dealing with Article 356 (President's Rule), this judgment significantly reinforced the principles of federalism and the limited scope for arbitrary central…

Madras Bar Association v. Union of India

2014

This case, and subsequent related judgments, have implications for the independence of tribunals and quasi-judicial bodies. While not directly on public finance, the principles of…

Union of India v. V. Sriharan @ Murugan and Ors.

2016

While primarily a criminal law case, the broader principle of 'authority of law' and due process, as enshrined in Article 265 for taxation, is reinforced across all government…