ABOUT THE BOOK

This book provides an exhaustive and analytical account of budgetary developments in India since Independence in 1947 with focus on post-1991 reforms. The work is organized into 8 parts, each part containing chapters/information dealing with some aspect of budgetary policy in India. Part 1 explains the economic role of modern governments, particularly in developing countries. Part 2 of this work explains (a) constitutional provisions and parliamentary procedures and controls applicable to the budgetary exercise of the Government of India, (b) structure of the Central Government budget, (c) functional, economic and cross-classification of the budget and (d) recent budgetary reforms in India including gender budgeting. Part 3 is devoted to taxes, expenditure, subsidies and debt liabilities of the Central Government. Part 4 explains the nature of Centre-State and State-Local financial relations in India and the existing arrangements for inter-governmental financial transfers. Part 5 contains highlights and summary of each Central Government budget from 1947-48 to 2009-10. Part 6 consists of 12 Appendices which provide supplementary information related to the budgetary exercise of the Government of India. Part 7 contains of budgetary terms. Part 8 provides time-series budgetary data of India.