Indian Fiscal Federalism

Price: 750.00 

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ISBN:

9780199493623

Publication date:

16/02/2019

Hardback

304 pages

Price: 750.00 

We sell our titles through other companies
Disclaimer :You will be redirected to a third party website.The sole responsibility of supplies, condition of the product, availability of stock, date of delivery, mode of payment will be as promised by the said third party only. Prices and specifications may vary from the OUP India site.

ISBN:

9780199493623

Publication date:

16/02/2019

Hardback

304 pages

Y.V. Reddy, G.R. Reddy

Indian Fiscal Federalism offers a historical perspective on fiscal federalism, in particular the interplay and overlap of institutional mechanisms. In doing so, it examines persistent as well as immediate concerns, and offers a way forward.

A contemporary, timely, and comprehensive analysis of fiscal federalism in India, this practitioners’ perspective is a must-read for all those interested in the subject.

 

Rights:  World Rights

Y.V. Reddy, G.R. Reddy

Description

Likening fiscal federalism to a game between the Union and the States, and among the States themselves, Indian Fiscal Federalism lays bare the complex rules of play. It examines the pivotal role of Finance Commissions and assesses momentous events since 2014, such as the replacement of the Planning Commission by NITI Aayog, the emergence of the GST Council, and the controversies surrounding the Fifteenth Finance Commission.

The book offers a historical perspective on fiscal federalism, in particular the interplay and overlap of institutional mechanisms. In doing so, it examines persistent as well as immediate concerns, and offers a way forward.

A contemporary, timely, and comprehensive analysis of fiscal federalism in India, this practitioners’ perspective is a must-read for all those interested in the subject.

About the Author

Y.V. Reddy was Chairman, Fourteenth Finance Commission, and Governor, Reserve Bank of India. He has served both the Central and State Governments in various capacities.

G.R. Reddy is Adviser (Finance) to the Government of Telangana and served the Government of India and various State Governments in the area of public finance and Union–State relations.

 

Y.V. Reddy, G.R. Reddy

Table of contents

List of Tables, Figures, and Box  

Acknowledgements  

Abbreviations  

Introduction  

1 Origins of Fiscal Federalism 

2 Evolution of Fiscal Federalism 

3 Finance Commissions: Their Composition and Functions  

4 Continuity and Change: Approaches of Finance Commissions

5 Vertical Distribution: Changing Balances

6 Horizontal Distribution: Changing Balances 

7 Grants-in-Aid: Magnitude and Composition 

8 The Detail Matters 

9 Local Self-Governments and Finance Commissions

10 Goods and Services Tax Council: A New Institution in Indian Fiscal Federalism 

11 Asymmetric Federalism 

12 The Planning Commission: Its Rise, Fall, and Rebirth 

13 NITI Aayog: Promise and Performance 

14 Public Debt and Finance Commissions 

15 Aggregate Central Transfers to States 

16 The Fifteenth Finance Commission: New Challenges 

Afterword 

Index 

About the Authors 

Y.V. Reddy, G.R. Reddy

Y.V. Reddy, G.R. Reddy

Y.V. Reddy, G.R. Reddy

Description

Likening fiscal federalism to a game between the Union and the States, and among the States themselves, Indian Fiscal Federalism lays bare the complex rules of play. It examines the pivotal role of Finance Commissions and assesses momentous events since 2014, such as the replacement of the Planning Commission by NITI Aayog, the emergence of the GST Council, and the controversies surrounding the Fifteenth Finance Commission.

The book offers a historical perspective on fiscal federalism, in particular the interplay and overlap of institutional mechanisms. In doing so, it examines persistent as well as immediate concerns, and offers a way forward.

A contemporary, timely, and comprehensive analysis of fiscal federalism in India, this practitioners’ perspective is a must-read for all those interested in the subject.

About the Author

Y.V. Reddy was Chairman, Fourteenth Finance Commission, and Governor, Reserve Bank of India. He has served both the Central and State Governments in various capacities.

G.R. Reddy is Adviser (Finance) to the Government of Telangana and served the Government of India and various State Governments in the area of public finance and Union–State relations.

 

Table of contents

List of Tables, Figures, and Box  

Acknowledgements  

Abbreviations  

Introduction  

1 Origins of Fiscal Federalism 

2 Evolution of Fiscal Federalism 

3 Finance Commissions: Their Composition and Functions  

4 Continuity and Change: Approaches of Finance Commissions

5 Vertical Distribution: Changing Balances

6 Horizontal Distribution: Changing Balances 

7 Grants-in-Aid: Magnitude and Composition 

8 The Detail Matters 

9 Local Self-Governments and Finance Commissions

10 Goods and Services Tax Council: A New Institution in Indian Fiscal Federalism 

11 Asymmetric Federalism 

12 The Planning Commission: Its Rise, Fall, and Rebirth 

13 NITI Aayog: Promise and Performance 

14 Public Debt and Finance Commissions 

15 Aggregate Central Transfers to States 

16 The Fifteenth Finance Commission: New Challenges 

Afterword 

Index 

About the Authors