Public Finance

Public Finance continues in its stride in presenting the latest information on Indian budget. Since over two generations, it has virtually become an encyclopedia on all financial matters of the Government of India, serving as a textbook for students, teachers and the general public, and a reference volume for researchers and others. It is equally useful for competitive examinations conducted by various professional and employment-providing bodies. It covers the UGC CBCS syllabus and the syllabi of many Indian universities for honours, postgraduate and professionalcourses.The book follows a logical and systematic approach. Thus, it is divided into two parts. Part I provides an analvtical and comprehensive discussion of both the basics and frontiers of the theory of public finance. Part II covers the set-up, issues and working of Indian fiscal field mounted upon the theoretical underpinnings and international practices and experience. The illustrations are drawn mainly from the Indian scene, with a cross-reference to international experience. The book uses all the modern-day tools of pedagogy like Learning Objectives, Key Terms, Summary, Review Questions and Exercises.NEW IN THE 30TH EDITION• Theoretical advancements including latest discussions, debates, data and information.• The GOI Budget for 2020-21.0 State government budgets for 2019-20.• Constitution and terms of reference of the Fifteenth Finance Commission and its InterimReport for 2020-21.• Detailed coverage of GST and its pervasive impact on the Indian economy including the federal financial system.Dr H L Bhatia, former Reader in Economics, Shri Ram College of Commerce, University of Delhi, has authored several papers, research studies and books, and has given evidence and memoranda to various committees and commissions. He has more than 60 years of experience in various fields of economics.His other publications with Vikas® include History of Economic Thought, International Economics, and Lok Vitt.