Download or read book State Level Fiscal Reforms in the Indian Economy written by Indian Economic Association. Annual Conference and published by . This book was released on 2006 with total page 524 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contributed papers presented at one of the technical sessions of the 85th Annual Conference of Indian Economic Association at Trivandrum, India in 2003 on fiscal performance of Indian states.

Download or read book State level Reforms in India written by Stephen Howes and published by MacMillan India. This book was released on 2003 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume discusses a variety of topics related to fiscal and governance reform from a range of perspectives political, bureaucratic and academic, Indian and foreign, state and national.

Download or read book State Fiscal Reforms in India written by World Bank and published by MacMillan India. This book was released on 2005 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: India has experienced rapid economic growth over the past two decades, averaging about 6% per year. Sustaining and accelerating this progress, as per the country s development targets, will require an improvement in government effectiveness, not only at t

Download or read book State Fiscal Reforms in India written by Weltbank and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Following two decades of relatively rapid growth, and a decade of liberalization, there is growing confidence within India, as well as internationally, about the state of the economy, and India's development potential. Nonetheless, and particularly since the late nineties, when India's states experienced a sharp fiscal deterioration, they have faced a squeeze on development spending, particularly acute in the poorer ones. In response, most state governments embarked on fiscal reforms, aimed at reducing deficits, and enabling effective interventions in priority areas. States in India play an increasingly important role in devising, and implementing policies to stimulate economic growth, and promote human development. But the performance of India's states is increasingly divergent, State deficits and debt levels rose sharply in the late nineties, and off-budget liabilities also increased rapidly. This sharp fiscal deterioration gave rise to state-level fiscal adjustment efforts, which in recent years have shown some signs of improved fiscal performance. Concerns about the level, and composition of fiscal deficits remain. The report states that a halt in reforms would endanger the states quality and quantity of productive expenditures, while debt levels would steadily build. It reviews expenditure reforms - particularly salaries, at the core of expenditure restructuring - and, pensions as a rapidly-mounting liability, which can be contained by parametric reforms, and longer-term structural reforms, while also examines subsidies, exemplifying the difficulties involved in reforming subsidy regimes. Regarding power sector reforms, commercial discipline should be a top priority. Public enterprise reforms are outlined, suggesting that while immediate fiscal gains may not be achieved, such reforms will prevent future budgetary support from keeping loss-making enterprises afloat. On examining revenue reforms, the report indicates these are essential to reduce fiscal imbalances, suggesting the elimination of tax on inter-state exports is critical, and should proceed with, or without the value-added tax (VAT), specifying tax administration reforms are perhaps more important than tax reforms. On strengthening the fiscal federal framework, it is recommended States need more flexibility to borrow, but under a centrally-imposed aggregate borrowing cap. Three institutional reform would therefore help fiscal federalism in India: Finance Commission as a permanent body; entru...

Download or read book State Level Reforms Growth and Development in Indian States written by Arvind Panagariya and published by Oxford University Press. This book was released on 2014-04-01 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most discussions of India's recent economic growth focus on progress and policies at the national level. But with a population of 1.2 billion, several of the states in India are larger than many of the countries in the world. Therefore, a more complete understanding of India's ongoing experiment in economic reforms requires a study at the state level. State Level Reforms, Growth, and Development in Indian States provides the first-ever comprehensive analysis of growth and reforms in the highly diverse states of the country. The authors argue that when the national government loosened its controls on industry and services, state governments began shaping the fortunes of their citizens through state-level policy reforms, resulting in faster growth in every state over the last decade than any other decade in the post-independence era. In fact, some of the poorest states, notably Bihar and Odisha, have been growing the fastest. Professors Panagariya and Chakraborty and Dr. Rao refute the common assumptions that growth has not occurred or that poverty has not been reduced in all Indian states. The recent reforms have also led to improved access in every state to basic amenities such as permanent houses, electricity, water, and sanitation. These accomplishments notwithstanding, regional inequality on a per capita basis has grown as well. The authors analyze the economic transformation that has taken place in the largest eighteen states of India and suggest reforms in areas of agriculture, industry, services and urbanization that can further accelerate this transformation. They also provide a comprehensive analysis of education and health in the states.

Download or read book Fiscal Policies and Sustainable Growth in India written by Edgardo Favaro and published by Oxford University Press, USA. This book was released on 2004 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Addresses Issues Such As-Sustainablity Of Fiscal Deficits, The Role Of Tax Enhancing Measures, Cuts In Government Spacing, The Impact Of Government Spacing On Economic Growth And The Agenda For Policy Makers In The Future. Contains 12 Papers.

Download or read book India s Fiscal Matters written by Parthasarathi Shome and published by . This book was released on 2002 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: In This Volume Shome Designs Strategies For A Sustainable Fiscal Architecture In The Country, Surveys Fiscal Trends Of The 1990S, And Provides An Overview Of The Tax And Expenditure Reforms.

Download or read book Indian Fiscal Federalism written by Y.V. Reddy and published by Oxford University Press. This book was released on 2018-12-27 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Likening fiscal federalism to a game between the Union and the States, and among the States themselves, Indian Fiscal Federalism lays bare the complex rules of play. It examines the pivotal role of Finance Commissions and assesses momentous events since 2014, such as the replacement of the Planning Commission by NITI Aayog, the emergence of the GST Council, and the controversies surrounding the Fifteenth Finance Commission. States, and among the States themselves, Indian Fiscal Federalism lays bare the complex rules of play. It examines the pivotal role of Finance Commissions and assesses momentous events since 2014, such as the replacement of the Planning Commission by NITI Aayog, the emergence of the GST Council, and the controversies surrounding the Fifteenth Finance Commission. A contemporary, timely, and comprehensive analysis of fiscal federalism in India, this practitioners’ perspective is a must-read for all those interested in the subject.

Download or read book A Sustainable Fiscal Policy for India written by Peter S. Heller and published by . This book was released on 2006 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt: India's economy has grown rapidly since the beginning of the 1990s despite a large and growing fiscal deficit and rising public levels relative to output. This book explores whether India has found a way to reconcile sustained expansionary fiscal policies with relative macroeconomic stability.

Download or read book State level Fiscal Reforms in India written by R. Sthanumoorthy and published by . This book was released on 2006 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: Indian states today are reeling under the impact of their economic position a problem they face due to the ballooning of revenues and fiscal deficits. This has resulted in the debt stock and interest liabilities of almost all the states increasing at a fa

Download or read book State Level Fiscal Reforms in India written by Ratna Vadra and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Indian economy has undergone a paradigm shift and moved towards market-oriented reforms through deregulation, liberalisation and openness of the economy leading to a higher rate of economic growth. However, the sub-national fiscal reforms did not respond to the reform programme with similar effort and enthusiasm. The present paper critically examines Indian states have approached the process of fiscal management reform. The main purpose of the paper is to study the major issues governing state level fiscal reforms in India. This paper aims both to share the major state-level fiscal reforms in India to date, and to suggest what more can be done to speed up the reforms.

Download or read book State Level Fiscal Reforms in India written by K. K. George and published by . This book was released on 2002 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Public Finance written by Sudipto Mundle and published by . This book was released on 1997 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: These papers examine aspects of fiscal reform in India while focusing on issues of policy relevance.

Download or read book India s Emerging Economy written by Kaushik Basu and published by MIT Press. This book was released on 2004 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essays by leading academics, policymakers, and industrialists examine India's economic success in the late 1990s. India's economy over the last decade looks in many ways like a success story; after a major economic crisis in 1991, followed by bold reform measures, the economy has experienced a rapid economic growth rate, more foreign investment, and a boom in the information technology sector. Yet many in the country still suffer from crushing poverty, and social and political unrest remains a problem. These essays by leading academics, policymakers, and industrialists -- including one by Amartya Sen, the 1998 winner of the Nobel Prize in economics for his work on poverty and inequality -- examine the facts of India's recent economic successes and their social and cultural context. India's rate of economic growth after the 1991 reforms were instituted reached a remarkable 7 percent for three consecutive years, from 1994 to 1997. Several contributors to India's Emerging Economy ask what this means for the nation as a whole. In his essay "Democracy and Secularism in India," Amartya Sen argues that economic progress is not the only way to measure a nation's performance. Other essays examine the actual effect India's economic growth has had on reducing poverty and recommend policies to empower the poor. Essays also address such issues as globalization and the vulnerabilities and opportunities it creates, India's experience with monetary and fiscal reform, the rapid growth of the information technology sector (including a case study of India's software industry), and India's grassroots economy.

Download or read book Fiscal Policy in India Past Reforms and Future Challenges written by and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Subnational Fiscal Management in Indian States written by J V M Sarma and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Andhra Pradesh is one of the pioneering States to earnestly initiate economic and fiscal reform at the Subnational level in India. Prior to the 1996 reform program, the State's budgetary position was under severe stress as in many States in India. The economic growth was below potential, development of human resources lagged behind the national average, and mobilization of resources did not keep pace with the expenditure requirements. Several steps were initiated in 1996-97 such as tax reforms, subsidy cuts, power tariff restructuring and user fee hikes. These measures, although constituted a good beginning, appear to be inadequate. Apparently, the State government has been rather cautious in the implementation of fiscal reforms, as it is not easy to enlist public support for some of the reform programs in a federal democratic setting as in India. Consequently, during the last few years the State has been witnessing not only a slowing down of the pace of fiscal reforms but also a proliferation of counter-reform measures, thus bringing back the fiscal stress. All this suggests that it is time to make an informed assessment of the progress of the fiscal reform in the State with a view to identify appropriate measures and formulate strategies for further fiscal correction. This study is an attempt in this direction.

Download or read book Towards Sustainable Growth written by Raja Jesudoss Chelliah and published by Oxford University Press, USA. This book was released on 1996 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This topical work provides a comprehensive account of the fiscal and financial sector reforms initiated in India in 1991 concentrating on measures to control the fiscal deficit and the state-level reform programs.