Public Finance continues in its stride in presenting the latest information on Indian budget. 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 professional courses.

Contents:

Part-I: Theory of Public Finance
1. Economic Activities and the State
2. Meaning and Scope of Public Finance
3.   Principle of Maximum Advantage
4.   Public Revenue—General Considerations
5.   Division of Tax Burden—I
6.   Division of Tax Burden—II
7.   Incidence of Taxes
8.   Classification and Choice of Taxes
9.   Effect of Taxation
10.   Public Debt
11.   Public Expenditure—General Considerations
12.   Effects of Public Expenditure
13.   Public Budget
14.   Balanced Budget and Fiscal Policy
15.   Federal Finance
16.   Public Undertakings

Part-II: Indian Public Finance
17. Indian Federal Finance—I
18. Indian Federal Finance—II
19. Public Debt in India
20. Government of India Finances
21. The Indian Tax System
22. Railway Finances
23. Public Sector Undertakings in India
24. State Finances
25. Agricultural Taxation in India
26. Local Finance
27. Comments on Recent Central Government Budgets (2014-15 to 2018-19)