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Zusatztext A comprehensive and lucid treatment of the subject...written in jargon-free language and grounded in world-wide practice so as to keep the reader engaged from start to finish...It is a landmark contribution. Informationen zum Autor C. Rangarajan, Chairperson, Economic Advisory Council, Government of India; D.K. Srivastava is Director, Madras School of Economics Klappentext These essays comprehensively cover key aspects of fiscal federalism in India both in theoretical and empirical terms. An analysis of experiences and challenges of fiscal federalism as it evolved over the last sixty years since the First Finance Commission-reveals the emerging patterns in transfer of resources from the centre to the states. Management of Central and state finances relating to sustainability of debt and fiscal deficit is also an important aspect of the present discussion. Attention is drawn to the re-emergence of high levels of fiscal imbalance and the implementation of fiscal decentralization in India, particularly in the light of the recommendations by the Thirteenth Finance Commission. Comparison with two developed federal systems in the world, the Canadian and the Australian systems, is an important feature of this study. Zusammenfassung These essays comprehensively cover key aspects of fiscal federalism in India both in theoretical and empirical terms. An analysis of experiences and challenges of fiscal federalism as it evolved over the last sixty years since the First Finance Commission-reveals the emerging patterns in transfer of resources from the centre to the states. Management of Central and state finances relating to sustainability of debt and fiscal deficit is also an important aspect of the present discussion. Attention is drawn to the re-emergence of high levels of fiscal imbalance and the implementation of fiscal decentralization in India, particularly in the light of the recommendations by the Thirteenth Finance Commission. Comparison with two developed federal systems in the world, the Canadian and the Australian systems, is an important feature of this study. Inhaltsverzeichnis Overview; Chapter 1: Fiscal Federalism: Basic Tenets, Chapter 2: Evolution of Fiscal Federalism in India, Chapter 3: Fiscal Federalism in Practice: Canada and India, Chapter 4: Fiscal Federalism in Practice: Australia and India, Chapter 5: Resolving Vertical and Horizontal Imbalances in India, Chapter 6: Dynamics of Debt Accumulation in India: Impact of Primary Deficit, Growth and Interest Rate, Chapter 7: Fiscal Deficits and Government Debt in India: Implications for Growth and Stabilization, Chapter 8: Contemporary Challenges and Issues before the Thirteenth Finance Commission, References. ...
