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Federal Fiscal Relations in India: Imperatives for Restructuring by J. V. M. Sarma

by J. V. M. Sarma
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Current price ₹907.00
Original price ₹1,295.00
Original price ₹1,295.00
Original price ₹1,295.00
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₹907.00
Current price ₹907.00

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Book cover type: Hardcover
  • ISBN13: 9788126939381
  • Binding: Hardcover
  • Subject: Economics
  • Publisher: Atlantic Publishers & Distributors (P) Ltd
  • Publisher Imprint: Atlantic
  • Publication Date:
  • Pages: 250
  • Original Price: INR 1295.0
  • Language: English
  • Edition: N/A
  • Item Weight: 430 grams
  • BISAC Subject(s): Economics / Theory

Federal fiscal management, in particular the sharing and distribution of financial and economic powers among different layers of a government, has been a challenging issue for a long time across the world and particularly in India. There is a strong need for a complete revamping of the federal fiscal arrangements for inter-governmental transfers in India. Federal Fiscal Relations in India aims to derive and suggest fundamental reforms in the federal fiscal sharing system for India, taking into account the possible changes in the structure of the economy and the potential revenue generation at different levels of a government. It closely reviews the evolution of the federal fiscal management system in India and the country-wide practices of the federal fiscal transfer systems. The basic flaws in the system, especially the absence of scientific approach in determining the vertical and horizontal shares and the lack of monitoring of the sharing process, are explained in detail. This well-illustrated book will prove indispensable for all stakeholders in ensuring a balanced sharing of inter-governmental resources and an equitable centre-state relationship.

J. V. M. Sarma is a former Professor at the School of Economics, University of Hyderabad. He has been involved in public finance, statistical and econometric methods, tax policy research and teaching for over three decades. He served as Economic Advisor to the Twelfth Finance Commission, Government of India. He has published numerous papers in reputed journals and authored six books, including the textbook Public Finance: Principles and Practices.

  • List of Illustrations v
  • Acknowledgements vii
  • Introduction 1
  • Chapter 1 Federal Form of Governance 25
  • Chapter 2 Federal Fiscal System: Broad Requirements 34
  • Chapter 3 The Indian Federal Fiscal System 55
  • Chapter 4 Major Issues of the Federal Fiscal
  • Transfer System 104
  • Chapter 5 Guidelines for Restructuring 119
  • Chapter 6 Scientific and Rational Methods for
  • Vertical and Horizontal Sharing 131
  • Chapter 7 Conclusions and Recommendations 143
  • Appendix A: Fiscal Federal Management
  • Country Experiences 147
  • Appendix B: Evolution of the Federal Fiscal Relations in India 170
  • Appendix C: Vertical Fiscal Imbalance 205
  • Appendix D: Measurement of HFI
  • An Illustration of the NMBF Method 219
  • iv Federal Fiscal Relations in India
  • Appendix E: Criteria Used for Horizontal Tax Sharing in
  • India by Successive Finance Commissions 225
  • Bibliography 229
  • About the Author 234
  • Index 236

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