Public finance: principles and practices

Table of contents

Introduction
Role of Government in Economy
Theory of Public Goods
Theories of Public Interest
Theories of Public Choice
Public Expenditure—Growth and Structure
Impact of Public Expenditure
Public Expenditure Evaluation
Principles of Taxation
Tax Productivity, Tax Shifting, and Tax Policy Issues
Taxation of Individual Income
Taxation of Corporate Income
Taxation of Income and Wealth in India
International Taxation
Taxation of Commodities and Servies— Principles and Structures
Taxation of Commodities and Services in India
Value Added Taxation
Value Added (Goods and Services) Taxation in India
Transaction Value Tax: An Alternative Tax Regime for India
Non-tax Revenues
Role of Fiscal Policy
Public Debt
Federal Finance
Fiscal Federalism in India
Government Budgeting
Monitoring Fiscal Performance in India
Fiscal Rules and FRBM in India

Description

The textbook of Public Finance: Principles and Practices, basically intended for students of MA and research scholars, specializing in public finance, aims to make the students understand the institutional and practical aspects of the subject. It is designed to provide the necessary tools and conceptual framework to understand the fiscal situations around the world.

The book is divided into 9 modules comprising 27 chapters, and includes most of the theoretical as well as practical aspects. The modules are The Basics, Public Expenditure, Public Revenue, Taxation of Income and Wealth, Public Revenue—Indirect Taxes, Public Revenue—Non-taxes, Role of Fiscal Policy and Public Debt, Federal Fiscal Issues, and Macro-fiscal Management. The book covers several contemporary public financial issues relating to taxation, public debt, FRBM, GST, and international taxation.

With its lucid language, interspersed with several real-life examples and figures, the book will be equally useful for students and policy makers and those conducting policy training programmes.