Financial Administration in India : Changing Contours and Emerging Challenges
Contents: Foreword. Preface. List of contributors. I. Budgeting Challenges including budgetary reforms: 1. Some ideas for a "People-friendly" Budget/Kamal Nayan Kabra. 2. Budgetary system in the government/J.S. Mathur and S.C. Pandey. 3. Tax reforms in India/Manoj K. Sharma. 4. Taxes and public finance/R.K. Gupta. 5. Fiscal management in India: walking on a tight rope/Som Deo. 6. Agricultural Income Tax: a blame game/Pawan Kumar Taneja. 7. New dimensions of budgeting process in India/Praneet Rangi and Swaranjit Kaur. 8. Critical evaluation of Union Budgets/Manoj K. Sharma. 9. Reforms with human face/P.K. Saini. II. Management of public expenditure: 10. Expenditure management--a new paradigm/B.P. Mathur. 11. Management of public expenditure: A performance orientation/Anjali A. Srivastava. 12. Sustainability of public debt/Subhash Chandra Pandey. 13. Management of Forex Reserves: innovations and opportunities/G.I. Dewan. III. Economic and social infrastructure development: public-private partnership: 14. Private sector participation in economic and social infrastructure/Rajan Kashyap. 15. Public-private partnerships in economic and social infrastructure/Jagbans Singh. 16. Development of economic infrastructure--public and private participation/Perminder Khanna. IV. Sources of revenue and their management: Union and State Governments: 17. Pricing of public services and return on investment/Janak Raj Gupta. 18. Major sources of revenue of the Central Government: the Indian experience/B.S. Ghuman. 19. Capital account convertibility in India/P.K. Vasudeva and Monika Aggarwal. 20. Corporate governance and policy framework in Indian Banking Sector--a bird's eyeview/D.P.S. Rathore. Bibliography. Index.
"It has been the Sovereign's right to raise revenues to run the administration. With democratic spirit pervading the world's nation-states, this right is more a privilege because of consent of the governed since acceptance of the dictum "no taxation without representation". Keeping this thinking as backdrop, though not consciously, the papers presented at the National Seminar on "Changing Contours of Financial Administration in India: Emerging Challenges" contain the desirable overload of "general welfare", "welfare of the deprived sections of society" and, in added measure, the direction of the domestic economies are taking to globalize all economic activities, more particularly the trade and services, knowledge technology and capital.
It is because of the above emerging trends that financial administration has undergone a sea change ever since India's Independence in 1947. The liberalization and privatisation processes in the economy since 1991 have changed the whole spectrum of the concepts and practices of revenue and public finance in India. With this change in thinking, direction and approach, change also must now impact the way the Government garners and deploys its financial resources.
It is more apt in this regard that the theme of the book makes a significant contribution by bringing together on single forum the rich experiences and innovative thoughts of the contributions to this volume. This volume consists of the papers presented at a National Seminar on "Changing Contours of Financial Administration in India: Emerging Challenges" held at the ICSSR Complex, Panjab University, Chandigarh.
The seminar was organized, jointly by the Indian Council of Social Science Research, North-Western Regional Centre and Senior Citizens' Council for Human Resource Development, Chandigarh. The contributors include senior level functionaries from the Ministry of Finance, Civil Services, Comptroller and Auditor General of India, Reserve Bank of India and Senior Professors from the Universities, apart from those who have retired but have held highly responsible positions in Government or other organizations.
The readers, students and researchers will be immensely benefited by this volume because all aspects of Revenue and Public Finance have been dealt with alongwith meaningful and fearless criticisms and suggestions." (jacket)
