Strategic Public Finance
(Paper 3 of P. G. Diploma in Taxation - 200 hours)
Part 1 - Economics
Chapter 2 - Theory of consumer behaviour
Chapter 3 - Production and Cost
Chapter 4 - Theory of Firm under Perfect Competition
Chapter 5 - Market equilibrium
Chapter 6 - Introduction to macroeconomics
Chapter 7 - National income accounting
Chapter 8 - Money and banking
Chapter 9 - Determination of income and employment
Chapter 10 - Government budget and the economy
Chapter 11 - Open economy macroeconomics
Chapter 12 - Indian economy on the eve of Independence
Chapter 13 - Indian economy 1950-1990
Chapter 14 - Economic reforms since 1991
Chapter 15 - Human capital formation in India
Chapter 16 - Rural Development
Chapter 17 - Employment: Growth, informalisation and other issues
Chapter 18 - Environment and sustainable development
Chapter 19 - Development Experiences of India: A Comparison with Neighbours
Part 2 - Public Finance
Chapter 22 - Deciding Public Expenditure
Chapter 23 - Evaluating Public Expenditure
Chapter 24 - Public-Private Partnerships
Chapter 25 - Direct Taxes (Personal, Property & Corporation)
Chapter 26 - Indirect Taxes (Customs, GST, VAT & Excise)
Chapter 27 - Rates, Fees, Cess, and Penalty
Chapter 28 - Social Welfare Taxes (Provident Fund & Insurance)
Chapter 29 - Determining Taxes (Rate & Structure)
Chapter 30 - Evaluating Taxes (Equity, Incidence and Effect)
Chapter 31 - Forms of Public Debt
Chapter 32 - Payment of Interest
Chapter 33 - Conversion and Redemption of Debt
Chapter 34 - Public Budget and Accounts
Chapter 35 - Control and Audit
Chapter 36 - Federal Finance and Commission
Chapter 37 - Structural Gaps in Public Finance
Chapter 38 - International Fiscal Coordination
Chapter 39 - Comparative Public Finance
Chapter 40 - Digital Taxation and Emerging Trends
Courseware
1 - Introdcution to Microeconomics
20 - Introduction to Public Finance
20 - Traditional - Obtaining and applying the material means necessary for fulfilling the proper functions of the State. [Carl C. Plehn (1911)]. The study comprises public expenditure, public revenue, public debt and financial administration.
21 - Modern - Public finance deals with the economics of public sector and the importance of public sector lies in the fact that the market mechanism alone cannot perform all economic functions [R. A. Musgrave (1973)]. Fiscal function comprises: Allocation of public goods, Distribution of income equitably and Stabilization of economy.
21 - Strategic - Public Finance comprises any revenues or expenditures passing through state budgets, derived from whatever source and however spent [S. J. Bailey (2004)]. Public finance gives effect to the constitutional relationship between state and citizen.
Reference
NCERT on Economics
Books & Articles on Public Finance
Seventh Schedule to the Constitution of India - List I comprising subjects of expenditure and revenue for the Union Government, List II comprises the same for the States and List III comprises the same for both (Union and States) concurrently.