The book presents a critical analysis of all the important issues connected with
the theory and policy of public finance. The book is divided into two parts.
Part ONE deals with the theory of public finance and Part TWO provides a
discussion on the policy related issues in the context of Indian economy. In
this edition, new matter has been added in a number of chapters particularly in
Part Two. Latest data have been added wherever possible. An Appendix of
Government of India Budgets for 2013-14 and 2014-15 has been added at the end of
this book.
Since this is a textbook primarily meant for