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Public Finance 30th Edition Book Description : Special Focus Of The Book Is On Indian Public Finances Including The Fiscal Crisis Of 1991 And Fiscal Sector Reforms. Private Sector, Theory Of Public Choice And Changing Perspective About The Role Of The Government. Taxation, Public Expenditure, Public Debt, Fiscal Policy, Federalism, Etc., The Book Contains Chapters On Public Sector Vs. Apart From The Traditional Topics Of Public Finance, I.E. Based On The Curriculum Prescribed By The University Grants Commission (Ugc), It Ideally Caters To The Academic Needs Of Postgraduate Students Of Public Economics. The Present Book Is An Excellent Presentation Of Fiscal Institutions And A Careful Analysis Of The Issues Underlining Budgetary Policies In General And Indian Experience In Particular. Therefore, Now More Attention Is Paid To A Wider Coverage Of Government Activities Relating To Financial Aspects And The Subject Is Known As Public Economics.
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Then In A Democracy There Is A Political Process Of Voting To Decide About The Budgetary Policy To Be Adopted. The Problem Of Allocation Of Resources Between Public Goods And Private Goods Is A Perennial Problem. Further, The Existence Of Externalities, Concern For Adjustment In The Distribution Of Income And Wealth, Removal Of Poverty, Etc., Require Political Process For Their Solutions In A Manner Which Combines Individual Freedom And Justice. There Is A Vast Array Of Fiscal Institutions Tax Systems, Expenditure Programmes, Budgetary Procedures, Stabilization Instruments, Public Debt Policies, Level Of Government, Etc., Which Raise A Spectrum Of Issues Arising From The Operation Of These Institutions.
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Traditionally The Term Public Finance Has Been Applied To The Package Of Those Policies And Operations Which Involve The Use Of Tax And Expenditure Measures, While Budgetary Policy Is An Important Part To Understand The Basic Problems Of Use Of Resources, Distribution Of Income, Etc. Public Economics In IndiaTheory And Practice Book Description : Public Economics In IndiaTheory And Practice It examines the impact of public finances on the macro economy and looks at fiscal policy options for growth, stability and poverty alleviation. It critically analyses the causes of fiscal imbalance, the tensions that prevail in centre-state financial relations, the progress of decentralization, and issues related with the structure of taxation as well as government expenditures. his book undertakes a comprehensive review of the contemporary issues in IndiaÃs public finances within a long-term perspective tracing its evolution since 1950-51. The fiscal reform years have witnessed a sharp rise in the fiscal imbalance and deterioration in state finances. Vertical imbalance and horizontal disparities characterise the federal fiscal system. While the taxation system remains distortionary and fragmented, government expenditures remain inefficient in providing public and merit goods to the desired extent. "In spite of extensive fiscal reforms undertaken during the nineties, IndiaÃs public finances face numerous problems. Issues in Indian Public Finance Book Description :