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C. Rangarajan & D.K. Srivastava

Published by Oxford University Press, New Delhi, India (2011)

ISBN 10: 0198070985 ISBN 13: 9780198070986

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From: Sanctum Books (New Delhi, DELHI, India)

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About this Item: Oxford University Press, New Delhi, India, 2011. Hardcover. Condition: New. Dust Jacket Condition: New. First Edition. These essays comprehensively cover key aspects of fiscal federalism in India both in theoretical and empirical terms. An analysis of experiences and challenges of fiscal federalism as it evolved - over the last sixty years since the First Finance Commission - reveals the emerging patterns in transfer of resources from the centre to the states. Management of Central and state finances relating to sustainability of debt and fiscal deficit is also an important aspect of the present discussion. Attention is drawn to the re-emergence of high levels of fiscal imbalance and the implementation of fiscal decentralization in India, particularly in the light of the recommendations by the Thirteenth Finance Commission. Comparison with two developed federal systems in the world, the Canadian and the Australian systems, is an important feature of this study. Special Features Authoritative analysis of fiscal policies. Provides perspectives of a Central Banker-cum-Academic. Comparison with two developed federal systems in the world. Distinct Policy-oriented approach. Printed Page: 336. Seller Inventory # 037518

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Bharti Pandey

Published by Serials Publications (2017)

ISBN 10: 8193319052 ISBN 13: 9788193319055

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Hardcover
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Quantity Available: 1

From: Vedams eBooks (P) Ltd (New Delhi, India)

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About this Item: Serials Publications, 2017. Hardcover. Condition: New. 1st Edition. The book discusses various facets of fiscal federalism in India. The central concern is to explore the challenges and the process of reforming the federal fiscal arrangements with a view to mitigate fiscal imbalances and establish a sound system of federal finance. After examining the whole range of the evolution of federal fiscal system in India, the book identifies the factors due to which federal fiscal tensions have become the most critical challenge of India's federal economy explicating the federal fiscal imbalances. The relative roles of Plan and non-Plan fiscal transfers have been examined with a view to highlight the imperatives and mechanism of fiscal readjustment for inclusive and equitable growth. In fact, with the reincarnation of the Planning Commission in the form of 'NITI Aayog' and its redesigned role, the role of Finance Commission has become largely dominant as was initially contemplated by the framers of Indian constitution. It is against this perspective that the book examines at length the recommendations of the Fourteenth Finance Commission. It is lamented that with the quantum jump in the States' share in Central divisible pool the States have been given more fiscal autonomy in implementing development schemes. Significantly, this major reform in Indian fiscal federalism quite clearly calls for augmenting fiscal resources by the States themselves pointing towards emergence of cooperative fiscal federalism. Seller Inventory # 120913

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