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States' Fiscal Management and Regional Equity

States' Fiscal Management and Regional Equity An Overview

Author: Govinda Rao; Anwar Shah
Publisher: Oxford University Press
ISBN: 9780195698794
Published In: July 2009
Format: Hardback , 308 pages
Jurisdiction: India ? Disclaimer:
Countri(es) stated herein are used as reference only

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Important contribution in the area of federal finance in India
Significant contribution to the literature on state finances
A detailed analysis of regional development policies and intergovernmental transfers
contributions by well known fiscal experts

The states in India have a predominant role in advancing human development and a co-equal role with the central government in the provision of economic services. The condition of states' fiscal health, therefore, determines both the nature and quality of economic growth in the country.
With contributions from leading fiscal experts, this volume presents an overview of the challenges of fiscal management faced by states and the national challenge of regional fiscal equity. It addresses a variety of issues related to state finances, regional developmental policies, and the design and implementation of intergovernmental transfers, including the National Rural Employment Guarantee Act.
Using the latest data on federal-state finances, the essays analyse the impact of fiscal policies and institutions on inter-state disparities. Ironically, the states that are rich in resources are the least developed- while their resources are exploited for national benefit, they themselves have lagged behind due to inadequate compensation. The volume argues that realizing the developmental potential of the country will depend upon the fiscal management by the centre to create a common market and enable a level playing field for lagging states. Equally important is the latter's own efforts at raising revenues and efficiently managing resources.
Addressing important policy concerns for ensuring sustainable and inclusive growth, this volume is an important contribution in the area of federal finance. It will be useful for students and researchers in the fields of public finance and development economics, policymakers, NGOs, and development agencies

Readership: Students of Economics, policymakers, economists, political scientists, management professionals, journalists, NGOs, Developmental Agencies

1.: States' Fiscal Management and Regional Equity: An Overview;
2: . Recent Trends in State Finances;
3.: Reforming the State Tax System in a Globalizing Environment;
4.: Debt Management in States: Emerging Issues;
5.: Anti-Poverty Interventions in a Cooperative Federalism;
6.: Reform of Intergovernmental Fiscal Arrangements for Balanced Regional Development;
7.: Resource Endowment, Fiscal Flows and Regional Equity in Indian Federalism;
8.: Regional Disparities in infrastructure and urban service delivery;
9.: Regional Development Policies and Regional Inequality in India;

Govinda Rao, Professor, National Institute of Public Finance and Policy, and Anwar Shah, Dr., Lead Economist, World Bank, USA

Contributors:
Pinaki Chakraborty, Fellow, National Institute of Public Finance and Policy; P.R. Jena, Somik Lall, Economist, Sustainable Development Network, World Bank, Washington; Subrata Mandal, Senior Economist National Institute of Public Finance and Policy; Partha Mukhopadhyay, Centre for Policy Research, New Delhi; M. Govinda Rao is Director, National Institute of Public Finance and Policy, New Delhi. Kavita Rao,; Anwar Shah is Lead Economist and Program Leader, Public Sector Governance, World Bank Institute, Washington DC and Member of the Executive Board of the International Institute of Public Finance, Munich, Germany. Raja Shankar and .K Srivastava, Director, Madras School of Economics,; Chennai.