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Federalism and Fiscal Transfers in India

Federalism and Fiscal Transfers in India

Author: C. Rangarajan; D. K. Srivastava
Publisher: Oxford University Press
ISBN: 9780198070986
Published In: July 2011
Format: Hardback , 336 pages
Jurisdiction: India ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents
Author

Details

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

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.

Readership: Post graduate students, research scholars of development economics, public finance, as well as development agencies

Overview;

Chapter 1: Fiscal Federalism: Basic Tenets,

Chapter 2: Evolution of Fiscal Federalism in India,

Chapter 3: Fiscal Federalism in Practice: Canada and India,

Chapter 4: Fiscal Federalism in Practice: Australia and India,

Chapter 5: Resolving Vertical and Horizontal Imbalances in India,

Chapter 6: Dynamics of Debt Accumulation in India: Impact of Primary Deficit, Growth and Interest Rate,

Chapter 7: Fiscal Deficits and Government Debt in India: Implications for Growth and Stabilization,

Chapter 8: Contemporary Challenges and Issues before the Thirteenth Finance Commission,

References.

C. Rangarajan, Government of India, and D. K. Srivastava, Madras School of Economics

C. Rangarajan, Chairperson, Economic Advisory Council, Government of India; D.K. Srivastava is Director, Madras School of Economics