• ISBN13: 9788171561032
• Binding: Hardcover
• Subject: Business Management
• Publisher: Atlantic Publishers & Distributors (P) Ltd
• Publisher Imprint: Atlantic
• Publication Date: December 26, 2024
• Pages: 358
• Original Price: INR 1495.0
• Language: English
• Edition: N/A
• Item Weight: 840 grams
• BISAC Subject(s): N/A

Development and Public Finance is a commemorative volume on late Dr. Raja J. Chelliah, one of the foremost Public Finance experts of India. It is designed as a compendium of essays on contemporary issues of Public Finance and Development, focusing on the rapidly globalizing Indian economy. Well-known scholars and experts have contributed insightful articles to this collection.

All contributions have been exclusively invited for this publication. They represent a weaving of interdependent themes of Development and Public Finance and are sequentially arranged to reflect their interrelationships. Some of the important topics analyzed in these articles are: divestment and privatization, financial transaction tax, carbon tax, fiscal federalism, goods and service tax, decentralization, social policy and climate change.

Not only is this volume academically rich, but it also has an entire section where Dr. Chelliah's peers and colleagues talk about him and how they saw him—the man they variously describe as a great scholar, a brilliant economist and an indomitable crusader.

Dinesh K. Srivastava, Chief Policy Advisor, EY India, and formerly Director, Madras School of Economics.

U. Sankar is Honorary Professor, Madras School of Economics, Chennai, India.

• Contents
• List of Tables… vii
• List of Figures…ix
• Foreword by C. Rangarajan…xiii
• Acknowledgements…xv
• Introduction and Overview…1
• D.K. Srivastava and U. Sankar…1
• I. Perspectives on Public Finance
• 1. On Strategies for Disinvestment and Privatization…13
• Vijay Kelkar
• 2. Financial Transactions Taxes…23
• Parthasarathi Shome
• 3. Issues in Design and Implementation of a Carbon Tax System in India…42
• U. Sankar
• 4. Economic Analysis of India’s Double Tax Avoidance Agreements…60
• Arindam Das-Gupta
• 5. A Political Cost Model of Fiscal Federalism: Some Empirical Results from
• Indian Federation…98
• Shyam Nath
• Development and Public Finance
• 6. Tax Effort of Indian States, 2002–07…113
• Indira Rajaraman and Rajan Goyal
• 7. On the Political Economy of Fiscal Imbalances in India…125
• D.K. Srivastava
• 8. When Should Budget Deficit Be a Serious Concern?...144
• Subra Ramamurthy
• 9. Revenue Estimation for Goods and Services Tax…163
• Mahesh C. Purohit and Vishnu Kanta Purohit
• II. Perspectives on Development
• 10. Contours of Central Banking: Have They Changed?...187
• C. Rangarajan
• 11. Decentralization and Economic Development: Issues in Policy and Institutional Reform…195
• M. Govinda Rao
• 12. Modelling Social Policy…211
• Jaya Krishnakumar, Paola Ballón and Juan Tellez
• 13. Decentralization in India: Outcomes and Opportunities…238
• Kaliappa Kalirajan and Keijiro Otsuka
• 14. Globalization of Knowledge Development…252
• N.S. Siddharthan
• 15. Climate Change: Adaptation and Mitigation Policies in India…262
• K.S. Kavikumar
• 16. Regional Growth Convergence in Indian States: A Panel Data Approach…279
• K.R. Shanmugam
• 17. Investment and Subsidies in Indian Agriculture: One Variation on a Theme by Dr Raja J. Chelliah 296
• Raghbendra Jha
• 18. Credit, Branch Banking and Output: Evidence from Indian States…304
• Kausik Chaudhuri and Mary Cherical
• III. Dr Raja J. Chelliah: In Memoriam A Biographical Sketch…325
• D.K. Srivastava
• Raja Chelliah: Economist without an Honorific ‘Indian’…327
• Deena Khatkhate
• Dr Chelliah: Great Crusader for Fiscal Reforms…329
• Subra Ramamurthy
• Raja Chelliah: An Indomitable Crusader…331
• T.S. Rangamannar
• About the Editors and Contributors…333
• Index…335