Finance Commission: statutory transfers and disparities since 1950" is a very comprehensive work on Federal Finance in India, covering all the ten Finance Commissions right from the 1 to the Xth Finance Commission which have so far given their recommendations. The book examines the history of federal finance in India. The discussion on the theory of federal finance provides completeness to the subject. It establishes relationship between per capita transfers and economic development. Such relationship has been separately examined for per capita income tax transfers, per capita excise duty transfers and per capita grants-in-aid. The book also examines the impact of Finance Commission transfers on inter-state economic disparity. The writer has also made some effort in preparing a formula on the basis of which state’s share should be distributed among the states. I am quite hopeful that the book could be used as a textbook wherever federal finance is a part of syllabus at under-graduate and post-graduate level. It would also be useful as a reference book for researchers and academicians alike. The book is a storehouse of data related to Finance Commission transfers in the form of around forty tables.
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