Public Finance

Paper Code: 
ABF 402
Max. Marks: 
100.00
Objective: 

The objective of this course is to understand various components of Public Finance and discuss in detail Indian Federal Finance.

7.00
Unit I: 

Public Finance: Meaning and Scope, Distinction between Private and Public finance, Principles of Maximum Social Advantage.

7.00
Unit II: 

Public Expenditure: Meaning, Nature & Canons of Public expenditure, Effects of Public Expenditure on economic stabilization, production, distribution and economic growth.

10.00
Unit III: 

Public Revenue: Meaning, Canons of taxation, Incidence and Effect of Taxation and Classification of Taxes: Single vs. Multiple, Proportional vs. Progressive, Direct and Indirect Tax.

10.00
Unit IV: 

Public Debt: Meaning, Types of Debt, and Limitation of Raising Public Debt. Deficit Financing: Various concepts of Deficit Financing- Revenue deficit, Fiscal deficit, and Primary deficit.

11.00
Unit V: 

Federal Finance: Meaning of federal finance, Center- State financial relations in India. Finance Commission-Recommendations of recent Finance Commission

Essential Readings: 
  • H.L.Bhatia – Public Finance, Vikas Publishing House Pvt Ltd.,Delhi
  • B.P.Tyagi – Public Finance, Jai Prakash Nath & Co., Meerut.
  • Jain, Khanna and Tiwari, “Banking and Public Finance”, V.K.India Enterprises, New Delhi.
References: 
  • Musgrave R.A. and Musgrave P.A. – Public Finance in Theory and  Practice., Tata     Mc graw Hill
  • M.L.Seth, Money, Banking, International Finance and Public Finance, Educational Publication, Agra.
Academic Year: 
2018-2019
  • Printer-friendly version
  • PDF version