UNIT - I Introduction

1. Meaning and Scope of Public Finance 2. The Principle of Maximum Social Advantage 3. Public Goods vs. Private Goods 4. Public Budget and Techniques of Budgeting 5. Deficit Financing.

UNIT - II Public Expenditure

6. Public Expenditure : Meaning, Nature, Wagner’s and Wiseman-Pecock’s Law 7. Classification and Canons of Public Expenditure 8. Economic Effects of Public Expenditure.

UNIT - III Public Revenue

9. Public Revenue : It’s Classification and Sources 10. Canons of Taxation and Characteristics of a Good Tax System 11. Benefit and Ability to pay Principles of Taxation 12. Kind or Classification of Taxes 13. The Division of Tax Burden : Incidence of Tax 14. Effects of Taxation on Economy 15. Taxable Capacity.

UNIT - IV Public Debts

16. Public Debts : Role and Classification 17. Redemption of Public Debt and Management.

UNIT - V The Federal Finance

18. Financial Federalism and Financial Adjustment in India 19. Evolution of the Federal Finance in India 20. The Finance Commission 21. Review of Indian Tax System 22. Budgeting Procedure and Financial Control in India 23. Value-Added Tax and Modified Value-Value Added Tax.