Indian Public Finance and the Twelfth Finance Commission

Contents: Preface. List of abbreviations. List of contributors. Introduction. 1. An overall and a comparative analysis of fiscal health of Indian states: 1990-91 to 2003-04/Kalpana Singh. 2. Deteriorating fiscal management of states in India: remedial measures needed/P.K. Bhargava. 3. Fiscal responsibilities of Indian states/Tushar Kanti Das and Lopamudra Mishra. 4. Contemporary issues in the working of centre-state financial relations in India/Janak Raj Gupta. 5. Emerging trends and issues in centre-state financial relations/M.P. Goswami. 6. Twelfth Finance Commission and trends of Centre and state finances/Anil Kumar Thakur. 7. Estimation of vertical transfer of resources and non-plan revenue deficit of states: a comparison with the estimates of Twelfth Finance Commission/Arvind Awasthi. 8. The Twelfth Finance Commission on tax revenue: devolution, criteria and equity/V. Anbumani and R. Balasubbiramani. 9. Twelfth Finance Commission: recommendations and implications/B.M. Joshi. 10. Impact of recommendations of Twelfth Finance Commission/P.L. Sablok and Geetanjali Sharma. 11. Impact of tax revenue on economic growth in view of Twelfth Finance Commission/M. Ramanjaneyulu. 12. Emerging issues in centre-state financial relations: approach to Twelfth Finance Commission/Tapan Kumar Shandilya. 13. Twelfth Finance Commission and tax devolution: criteria and equity/P.N. Sharma and Anju Kumari. 14. Fiscal restructuring in less developed states with special reference to Madhya Pradesh: an alternative approach to the Twelfth Finance Commission/Shakun Palharya. 15. Controlling states' increasing deficits: revenue reforms is the answer/Anil Kumar Jain. 16. Twelfth Finance Commission and indebtedness of states/R.Y. Mahore. 17. Unsustainability of the debts of states and Twelfth Finance Commission's proposed debt reduction package/G. Karunakaran Pillai. 18. Restructuring the finances of State Governments in India and Twelfth Finance Commission/V.P. Gupta. 19. Financial liberalisation and government finance: theory and Indian evidence/Ram Pratap Sinha. 20. Grants to states and local bodies: a case of fiscal imbalance/Mohammad Asif. 21. Restructuring public finances: an approach of Twelfth Finance Commission/Manoj Shankar Gupta and Asha Singh. 22. Social and fiscal policy in India at cross road/Arabinda Ghosh. 23. Inter-governmental resource transfer and fiscal management: reflections from an underdeveloped state in India/Mihir K. Mahapatra. 24. Fiscal reforms and fiscal consolidation in Andhra Pradesh/R. Sudarsana Rao. 25. Restructuring of fiscal health of Indian states and Twelfth Finance Commission/Mohan Pd. Shrivastava, N. Sahay and S.P. Singh. 26. Emerging trends and issues in centre-state financial relations/Upendra Sharma, Chitranjan Ojha and R.N. Singh. Appendix. Index. 

"This book is an offshoot of the Indian Economic Association (IEA) policy of publishing edited volumes from papers contributed to the Indian Economic Association Annual Conferences. The papers included in this volume are those submitted for the 88 Annual Conference of IEA held at Andhra University, Vishakhapatanam during 27-29 December 2005. It consists of 26 articles distributed in respective chapters. The constitutional provision of appointment of a Finance Commission (FC) by the President of India periodically to recommend tax sharing between the center and the states and grants-in-aid to states for a period of five years is a key pillar of Indian federal finance." (jacket)