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Borrowing Powers in the Modern Fiscal Landscape: A  Discussion on Articles 292 to 293 of the Indian Constitution with  Case Law Insights Articles 292 to 293: Borrowing by the Union and States Articles 292 and 293 of the Indian Constitution delineate the powers of the Union and States in matters of borrowing, addressing crucial aspects of fiscal policy and financial stability. This discussion will explore these provisions, their contemporary relevance, and pertinent case laws that have influenced their interpretation. Constitutional Provisions: - Article 292:Empowers the Union to borrow within India or outside India. - Article 293: Outlines the power of States to borrow within India or outside India, subject to certain conditions. Contemporary Significance: In the current economic landscape, with evolving financial needs and global interdependence, the provisions of Articles 292 and 293 gain heightened relevance. These articles provide the legal framework for the Union and Stat...