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The passage of the Constitution (Seventy-third Amendment) Act, 1992 marked a watershed in the history of modern India. With this amendment, a uniform structure of panchayats emerged throughout the country. Article 243G read with Eleventh Schedule of the Constitution explicitly requires the States to devolve powers and authority on panchayats which may be necessary to enable them to function as institutions of self-government. India's decentralisation ...
Fiscal policy which emerged as a branch of applied economics under the name of macroeconomic analysis has grown in its coverage. Today, fiscal policy in developing economies involves a judicious mixture of macro-economic policies of the government to achieve multiple objectives. The book survey fiscal trends of the 1980s and 90s, and provides an overview of the tax the expenditure reforms. The book discusses the conceptual framework and basic issues involved in ...