Public Finance by Ambar Ghosh , Chandana Ghosh , PHI Learning

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PHI Learning Public Finance by Ambar Ghosh , Chandana Ghosh

The objective of the theory of public finance is to determine the optimal scales of government interventions or expenditures in different areas and the optimum modes of financing these expenditures. The theories continuously search for better more acceptable and easier-to-implement solutions to the problems encountered. This book in its third edition continues to present in detail the theories of public finance fundamental principles and decisions taken by the Government on the basis of the guidelines yielded by these theories.This book exposes the students to various facets of public finance which develops analytical frameworks toAddress the issues of efficient allocation of resources between private public and mixed goodsEnsure equitable distribution of tax burden among individualsFind ways of minimizing inefficiency of the tax structureStudy the statutory and economic incidence of different types of taxesExamine the implications of government borrowingDevelop the rationale of distributing economic or fiscal responsibilities and tax powers among different tiers of government.The book makes the comprehension of the subject easier by developing simple mathematical models to derive the major results in each of the above areas and by explaining the economic intuition of the results in detail. The concepts are illustrated with the help of simple examples taken from the Indian economy. Moreover the book assesses Indias economic policies in the light of the theories discussed. Another distinguishing feature of the book is that it contains a large number of review questions and numerical problems on every topic discussed to help the students apply the tools and techniques learnt and thereby develop a sound understanding of the subject.This textbook is designed to serve the needs of undergraduate and postgraduate students of economics for the paper Public Finance/Public Economics.NEW TO THE THIRD EDITIONIntroduces a new Chapter 11 on Goods and Services Tax (GST)Incorporates updated data (in the tables) throughout including the newly revised tax slabs.show more