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    <subfield code="a">Public Finance continues in its stride in presenting the latest information on Indian budget. Over two generations, it has virtually become an encyclopedia on all financial matters of the Government of India, serving as a textbook for students, teachers and the general public and a reference volume for researchers and others. It is equally useful for competitive examinations conducted by various professional and employment-providing bodies. It covers the UGC CBCS syllabus and the syllabi of many Indian universities for honours, postgraduate and professional courses.
New in this Edition
Theoretical advancements including latest discussions, debates, data and information.
The GOI Budget for 2020-21.
State government budgets for 2019-20.
Constitution and terms of reference of the Fifteenth Finance Commission and its Interim Report for 2020-21.
Detailed coverage of GST and its pervasive impact on the Indian economy including the federal financial system.
The book follows a logical and systematic approach. Thus, it is divided into two parts. Part I provides an analytical and comprehensive discussion of both the basics and frontiers of the theory of public finance. Part II covers the set-up, issues and working of Indian fiscal field mounted upon the theoretical underpinnings and international practices and experience. The illustrations are drawn mainly from the Indian scene, with a cross - reference to international experience. The book uses all the modern-day tools of pedagogy like Learning Objectives, Key Terms, Summary, Review Questions and Exercises.
Table of Contents
Part-I
                                                            Theory of Public Finance
1.  Economic Activities and the State                                  
2.  Meaning and Scope of Public Finance                                        
3.   Principle of Maximum Advantage                                                
4.   Public Revenue&#x2014;General Considerations                                  
5.   Division of Tax Burden&#x2014;I                                                                  
6.   Division of Tax Burden&#x2014;II                                                                 
7.   Incidence of Taxes                                                                                 
8.   Classification and Choice of Taxes                                            
9.   Effect of Taxation                                                                                
10.   Public Debt                                                                                                
11.   Public Expenditure&#x2014;General Considerations                          
12.   Effects of Public Expenditure                                                       
13.   Public Budget                                                                                           
14.   Balanced Budget and Fiscal Policy                                           
15.   Federal Finance                                                                                                
16.   Public Undertakings                                                                                         
 
Part-II
Indian Public Finance
17.  Indian Federal Finance&#x2014;I                                                  
18.  Indian Federal Finance&#x2014;II                                                 
19.  Public Debt in India                                                             
20.  Government of India Finances                                          
21.  The Indian Tax System                                                         
22.  Railway Finances                                                                 
23.  Public Sector Undertakings in India                              
24.  State Finances                                                                      
25.  Agricultural Taxation in India                                       
26.  Local Finance                                                                       
27.  Comments on Recent Central Government Budgets (2014-15 to 2018-19)
Appendices                                                                         561-577
Select Readings                                                               579-586

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