Public finance is an art. By Emiritus Professor Dr. D M. Mithani, this book is designed to convey systematic knowledge and ideas pertaining to the public finance theory, fiscal policy norms, Indian budget management practices and government spending. Special focus is presented relating to Modi 3.0 regime and reformations envisaged by the Ministry of Finance in managing and evolving India’s public finance system.
This book is virtually meant for students and research scholars seeking to become well-versed in understanding the contents and complexities of government finance in reality.
It is hoped that the book will tend to be highly useful to undergraduate, graduate and postgraduate students of economics and commerce faculties in Indian Universities at large, Open Universities and distance education programme, offering BA, BBA, MA, B.Com., M.Com. and MBA degrees.
Contents :
1. Meaning and Scope of Public Finance
2. The Role of Government in a Market-driven Economy
3. Government’s Role and Performance in India’s Mixed Economy
4. Pedagogy of Public Finance
5. Sources of Public Revenue
6. Canons and Characteristics of a Good Tax System
7. Principles of Equity in Taxation
8. Taxonomy of Taxable Capacity
9. The Tax Rate Structure
10. Direct and Indirect Taxation
11. Theories of Shifting and Incidence of Taxation
12. Effects of Taxation
13. Public Expenditure
14. Public Debt
15. Analytics of Public Debt in India – I
16. Public Debt in India – II
17. Theory of Fiscal Policy
18. The Long-term Fiscal Policy of the Government of India: A Critical Review
19. Government Deficits and Financing
20. Fiscal Deficits in India
21. Development Finance: An Understanding
22. Fiscal Federation: Centre-State Financial Relations
23. Supply-side Economics: New Dimension to Public Finance
24. The Problem of Black Money in India: An Unsolved Riddle
25. Public Sector, Public Utilities, and Pricing Problem
26. The Rudiments of Social Cost-benefit Analysis
27. A Framework of Public Policy Towards Disaster Management
28. Current Trends and Trajectory of Fiscal Policy in India
29. AI and Public Finance Management
30. Select Budget Highlights
Appendices
Model Question Paper
References & Bibliography
