This book provides a detailed description and analysis of the evolution and the present nature of fiscal federalism in India. It examines, the existing arrangements for intergovernmental financial transfer, the role of Finance Commission and the Planning Commission in effecting these transfers, particularly the principles followed by these agencies to reduce vertical and horizontal imbalances in the availability of resources to various tiers of government in India.
ABOUT THE AUTHOR M.M. Sury
M.M. Sury received his B.A. (Hons.), M.A., and Ph.D. degrees in economics from the University of Delhi. Specialising in fiscal economics, he has published widely on the Indian fiscal system in national and international journals. He was a Visiting Fellow at the International Bureau of Fiscal Documentation, Amsterdam (May 1989), a Fellow at the Indian Institute of Advanced Study, Shimla (1991-92) and a Visiting Fellow in the Department of Law and Management, University of Mauritius, Mauritius (September-October, 2000). He has Economic Adviser, Delhi State Finance Commission (1996-97). Presently, he is a Reader in the Department of Economics, A.R.S.D. College, University of Delhi. He is also the President of the Indian Tax Foundation.
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