This book Financial Sector Reforms, Tax, System and Development presents an exhaustive discussion both in respect of current problems and basic economic structure from the angle of competitive efficiency, operational flexibility and functional autonomy towards the attitudes of the government in the existing forms of macro-economic management in the midst of the unprecedented financial and fiscal federal crisis that began in mid-1991. Thus, the present book contains wide ranging authoritative discussions by some of the leading economists of our country on the two most meaningful aspects of a credible macro-economic management, viz. financial sector reforms and nationalisation and harmonization of Indian tax system. Both the issues are a inalienable part of total structural reforms without which the debate on economic liberalisation is supposed to be an unfinished national agenda on the vital question of providing essential services to the economy as well as to enable economic agents for trading the efficient use of resources, savings and risk taking. This book touches upon almost all the important issues in the background of broad experiences of both the DCs and LDCs for striking a balance between autonomy of the state on the one hand and efficiency, equity and simplicity on the other whether they are simple or complex, weak or strong, broad or narrow, both from the angle of theory and policy-making in the context of the on-going debate on financial sector reforms and nationalisation and harmonization of Indian tax system. The present book will bring about immense interest among the academicians, scholars and policy-makers in attending definite strategic financial and fiscal proficiencies, which are politically operative, socially sensible and economically viable for regeneration of unfinished national agenda on financial sector reforms and nationalisation and harmonization of Indian tax system.
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