UNIT - I PUBLIC FINANCE

1. Definition, Scope, Nature and Importance of Public Finance 2. Public Revenue : Source 3. Nature, Principles, Classification and Forms of Taxation 4. Problem and Principles of Equity in Taxation 5. Incidence, Impact and Shifting of Taxation, 6. Effects of Taxation, 7. Canons of Taxation, 8. Taxable Capacity, 9. Fiscal Functions in a Developing Economy, 

UNIT - II PUBLIC EXPENDITURE AND DEBT

10. Principle of Maximum Social Advantage, 11. Canons and Classification of Public Expenditure, 12. Economic Effects of Public Expenditure, 13. Trends of Public Expenditure in India, 14. Public Debts (Internal and External) : Classification and Effects, 15. Methods of Redemption of Public Debts : Capital Levy, 16. Deficit Financing, 17. Tax V/s Loans, 

UNIT - III INDIAN PUBLIC FINANCE

18. Financial Relations between Central, State Governments and Local Bodies 19. Indian Finance Commission, 20 .Financial Administration, 21. Budget : its Preparation, Legislation and Execution, 

UNIT - IV REVENUE AND EXPENDITURE OF GOVERNMENT

22. Trends in Revenue and Expenditure of Central Government, 23. Public Debts of India, 24. Financial Arrangement of Five Year Plans, 25. Heads of Revenue and Items of Expenditure of State Governments, 26. Local or Municipal Finance, 27. Modvat Tax-System.