Introduction to Public Finance : 1.1 Meaning, Nature, Scope and Importance of Public Finance, 1.2 Public Finance versus Private Finance, 1.3 Role of Public Finance in Economic Development, 1.4 Principle of Maximum Social Advantage : Musgrave’s Approach.
Public Revenue : 2.1 Sources of Public Revenue, 2.2 Meaning of Tax, Types of tax, Direct and Indirect taxes, merits and demerits, 2.3 Goods and service Tax: concept and characteristic; need for GST in India, 2.4 Concepts-Impact of Tax, incidence of Tax, Shifting of Tax and Taxable Capacity.
Public Expenditure : 3.1 Meaning and Principle of Public Expenditure, 3.2 Classification of Public Expenditure, 3.3 Reason for increasing Public Expenditure, 3.4 Wagner‘s Law of Public Expenditure.
Public Debt : 4.1 Meaning Sources and Importance of Public Debt, 4.2 Methods of Repayment of Public Debt, 4.3 Burden of public debt., 4.4 The fiscal Responsibility and Budget Management Act 2003.
Fiscal Policy : 5.1 Fiscal Policy Meaning, instruments and objectives, 5.2 Fiscal Policy in developing countries, 5.3 Limitations of Fiscal policy, 5.4 Review of Fiscal policy in India since- 2011.
Budget : 6.1 Budget – Meaning, Nature and objectives, 6.2 Classification of Budget, 6.3 Preparation of Indian central budget, 6.4 Gender Budget – Meaning and importance.
Deficit Financing : 7.1 Deficit Financing Meaning and Objectives, 7.2 Role of Deficit Financing developing countries, 7.3 Trends in India Deficit finance since 2011, 7.4 Effects of Deficit Financing.
Center- State Financial Relationship : 8.1 Center-State Financial Relationship Constitutional Provisions, 8.2 Conflict Center- State Financial Relationship, 8.3 Role of finance Commission, 8.4 Recommendation of 15th finance Commission.