Financial Sector Reforms, Tax System and Development : Experiences and Challenges
Contents: Preface. Introduction. I. Financial sector reforms: an overview of potential and challenges: 1. Financial sector reforms: the unfinished agenda/M. Narasimham. 2. India\'s financial system: liberalisation and reforms/V.L. Rao. 3. Development of financial system and economic growth in India: 1960-61/V.N. Attri and Neera Verma. II. Debt management and the changing framework of monetary-fiscal policies: 4. Monetary management: the changing framework/C. Rangarajan. 5. Debt management and monetary policy issues in financial sector reform in India/B.S. Sreekant Aradhya. 6. Monetary and fiscal policies in India--a test of their relative effectiveness/Gian Kaur. 7. Fiscal adjustment, stabilisation and growth: what are the issues?/Pulapre Balakrishnan. 8. The deficit growth and question: some evidence from the Indian economy/G. Ramathilagam and K. Arulselvam. III. The banking reforms, financial institution and the recent development in financial system: some critical issues: 9. The banking sector: after reforms/Kanta Ahuja. 10. Banking sector reforms: performance analysis of select profit making banks/K. Ravi, N. Nagananda and N.H.G. Bhat. 11. Agricultural development--challenges for bankers/M.S. Swaminathan. 12. Disparities in credit deployment: some critical issues/V. Anbumani and P. Ganesan. 13. Asset quality of the Development Finance Institutions (DFIS)--a critical review of non-performing assets/Kanhaiya Singha. 14. Manpower management in the banking system: the need for personnel research/P.C. Misra. IV. Reforms and rationalisation of Indian tax system: the emerging scenario: 15. Fiscal federalism--revenue, expenditure and macro-management: selected Latin American experiences and recent discussions in India/Parthasarathi Shome. 16. Tax harmonization in federations: a survey of theory and practice/Amaresh Bagchi. 17. Tax harmonization in Indian federation/Shrawan Kumar Singh. 18. Reforms and rationalisation of Indian tax system: an economic analysis/Asim K. Karmakar. 19. Analytical underpinnings of tax design and tax reforms in India/G. Karunakaran Pillai. 20. Reforms in taxation of agricultural income in India/P.K. Bhargava. 21. Harmonising domestic trade taxes in India/M. Govinda Rao. 22. Rationalisation of the sales tax system in India: the case for value added taxation/K.K. Sen. 23. Rationale for value added tax in India/Naseem A. Zaidi. 24. Substitution of sales tax by excise duties: politico-economic dimensions/M.M. Sury. V. Emergence of fiscal imbalance and the need for rationalisation and harmonisation of central and state tax system: 25. Rationalisation and harmonization of central and state tax systems/G. Thimmaiah. 26. A rational approach towards the allocation of resources between the centre and state/Shashi Arora. 27. Octroi and entry-tax as sources of municipal finance/Rajdeva Narayan. 28. The tax system of Andhra Pradesh--need for its rationalisation/M.L. Kantha Rao and M.D. Bavaiah. 29. Turnover tax--an experience of Andhra Pradesh/V. Brahmanandam. Index.
"This book Financial Sector Reforms, Tax, System and Development presents an exhaustive discussion both in respect of current problems and basic economic structure from the angle of competitive efficiency, operational flexibility and functional autonomy towards the attitudes of the government in the existing forms of macro-economic management in the midst of the unprecedented financial and fiscal federal crisis that began in mid-1991. Thus, the present book contains wide ranging authoritative discussions by some of the leading economists of our country on the two most meaningful aspects of a credible macro-economic management, viz. financial sector reforms and nationalisation and harmonization of Indian tax system. Both the issues are a inalienable part of total structural reforms without which the debate on economic liberalisation is supposed to be an unfinished national agenda on the vital question of providing essential services to the economy as well as to enable economic agents for trading the efficient use of resources, savings and risk taking.
This book touches upon almost all the important issues in the background of broad experiences of both the DCs and LDCs for striking a balance between autonomy of the state on the one hand and efficiency, equity and simplicity on the other whether they are simple or complex, weak or strong, broad or narrow, both from the angle of theory and policy-making in the context of the on-going debate on financial sector reforms and nationalisation and harmonisation of Indian tax system.
The present book will bring about immense interest among the academicians, scholars and policy-makers in attending definite strategic financial and fiscal proficiencies which are politically operative, socially sensible and economically viable for regeneration of unfinished national agenda on financial sector reforms and nationalisation and harmonisation of Indian tax system." (jacket)
[Debendra Kumar Das also wrote Development Paradigms : The Indian Development Experiences, Structural Adjustments in the Indian Economy and Economics of Privatisation.]
