What is the significance of Part B in the First Schedule of the Constitution?
Part B in the First Schedule of the Constitution refers to the states that have been added or amended in terms of their financial relations with the central government. These changes have taken place through various constitutional amendments, such as the 56th and 101st Amendments. The significance of Part B lies in its role in regulating the distribution of revenues between the central government and state governments, particularly in relation to taxes and duties.