Public Finance

Public Finance: Meaning and Scope, Distinction between Private and
Public finance, Principles of Maximum Social Advantage: Dalton’s
Pigou and Musgraves condition of maximum social advantage.

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

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.

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.

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

Finance Commission-Recommendations of recent
Finance

Commission