9788177081350 - Fiscal Policy Developments in India: 1947 to 2007 von Sury, M. M. (2 Ergebnisse)

Zustand: New. pp. 690.

Hardcover. Zustand: New. Contents Author's note on the book. I. Economic role of the government and fiscal policy 1. Economic role of the government and fiscal policy. II. Government budgeting in India procedures and structure 2. Government budgeting theoretical settings. 3. Government budgeting in India constitutional provisions and procedures. 4. Structure of the Central Government Budget. 5. Functional economic and cross classification of the Budget. III. Tax structure developments Section A. Pre Independence tax system 6. Pre Independence Tax System. Section B. Trends in Combined (Centre and States) Tax Revenues 7. Constitutional provisions pertaining to taxes. 8. Trends in Tax GDP Ratio. 9. Direct and indirect taxes. 10. Buoyancy and elasticity of tax revenue. 11. Distribution of tax burden (tax incidence). 12. Tax evasion Magnitude causes and remedial measures. Section C. Central Taxes 13. Trends in Central taxes. 14. Income tax. 15. Wealth tax. 16. Union Excise Duties. 17. Taxation of services. 18. Customs Duties. Section D. State Taxes 19. Trends in State taxes. 20. Taxation of agricultural income. 21. Sales tax. Section E. International aspects of Indian taxation 22. International aspects of Indian taxation (Double taxation). IV. Public expenditure 23. Public expenditure theoretical overview. 24. Public expenditure in India structure and policies. 25. Subsidies in India system and current issues. V. Public debt 26. Public debt in India sources and restructuring. VI. Centre State Financial Relations in India 27. Centre state financial relations theoretical settings. 28. Centre state financial relations Pre independence developments. 29. Financial relations under the constitution. 30. Sharing of revenue from Income Tax and Excise Duties prior to the recommendations of the Eleventh Finance Commission. 31. Additional duties of excise in lieu of Sales Tax. 32. Grant in lieu of Railway Passenger Fare Tax. 33. Grants in aid. 34. Issues in Centre State Financial relations. VII. State local financial relations in India 35. State local financial relations in India. VIII. Appendices. IX. Glossary of fiscal terms. X. Time series public finance data on India. Select Bibliography. Name index. Subject index. Fiscal policy is an important instrument of the general economic policy of a government. It is concerned with the use of a government's taxation and expenditure powers to influence economic activities in an economy at the aggregate level. It also deals with financial relations between different tiers of government in a federal polity. Through the medium of budget fiscal policy determines the level of taxation public expenditure borrowings and the issue of additional currency by a government. The external payments crisis of 1991 in India which led to the initiation of economic reforms was the result of deteriorating fiscal situation during the latter half of 1980s. Fiscal imbalance was identified as the underlying cause of the twin problems of inflation and the difficult balance of payments position. This book provides an exhaustive and analytical account of fiscal developments in India since Independence in 1947 with focus on post 1991 reforms. The book is organised into 10 parts each part containing chapters/information dealing with some aspect of fiscal policy in India. Part I is introductory in nature. It explains the economic role of governments in modern societies and the policy instruments available to them to influence the working of an economy particularly the role of fiscal policy. Part II is devoted to Government budgeting in India. It explains (a) the mechanics of government budgeting (b) constitutional provisions regarding Government budgeting in India (c) structure of the Central Government Budget and (d) functional economic and cross classification of the budget. Part III deals with Indian tax system. It is sub divided into 5 sections. Section A describes pre independence tax system. Section B explains trends in combined (Centre and State).