Public Finance (30th Edition)

DETAILS : 

• Author: Dr H L Bhatia
  
• Publisher: ‎ S. Chand Publishing
  
• Publication date: ‎ 1 September 2000
  
• Language: ‎ English
  
• Print length: ‎ 624 pages
  
• ISBN-10: ‎ 9390080258
  
• ISBN-13: ‎ 978-9390080250
  
• Item Weight: ‎ 750 g

ABOUT THE BOOK

Public Finance, 30th Edition, authored by the highly accomplished economist Dr. H.L. Bhatia, is a definitive and comprehensive textbook that has served as an authoritative encyclopedia on government financial systems in India for over two generations. Published by Vikas Publishing House, this benchmark volume is strictly tailored to align with the standard university syllabi for undergraduate, postgraduate, and professional courses in economics and commerce, as well as competitive examinations like the UPSC Civil Services. The core philosophy of this text rests on providing a clear, synchronized connection between abstract macroeconomic financial theories and the practical, institutional mechanics of fiscal policy. Bhatia presents public finance not just as a static administrative exercise, but as a dynamic economic instrument essential for wealth redistribution, social justice, resource allocation, and market stabilization.

The textbook is structurally organized into a highly disciplined, two-part pedagogical framework. Part I focuses entirely on the basic principles and frontiers of the theory of public finance, providing an analytical critique of the principle of maximum social advantage, public revenue classification, the shifting incidence of taxation, public debt redemption mechanics, and balanced budget frameworks. Part II transitions smoothly into Indian Public Finance, anchoring the preceding theoretical constructs directly onto the institutional setup, historical evolution, and contemporary issues of the Indian fiscal system. This comprehensive second half provides extensive evaluations of Indian federal finance, the constitutional mechanisms of resource transfers between the Center and States, public sector undertakings, and the structural overhaul brought about by the Goods and Services Tax (GST). Packed with explicit discussions on historical planning commissions and consecutive union budgets, the volume meticulously demystifies complex economic instruments, making it an irreplaceable reference for deep policy analysis.

ABOUT THE AUTHOR

Dr. H.L. Bhatia is an elite economist, academician, and veteran research scholar who served for several decades as a Reader in Economics at the prestigious Shri Ram College of Commerce (SRCC), University of Delhi. Renowned for his deep expertise in public economics and the history of economic doctrines, he has authored several classic academic works, including History of Economic Thought, International Economics, and Lok Vitt, and has frequently provided expert testimonies and specialized memoranda to various government committees and fiscal commissions.

Dr. Bhatia’s pedagogical and authorial style is characterized by remarkable structural clarity, rigorous data integration, and a grounded, supportive tone. Writing as a deeply seasoned mentor who understands the vast scope of macroeconomics, he avoids confusing mathematical abstractions in favor of clear logical arguments, explicit conceptual definitions, and extensive chapter-end review exercises. By balancing core theoretical principles with real-world Indian budgetary illustrations, his collective literature remains an enduring national gold standard for students, academic researchers, and public administrators navigating the complexities of fiscal architecture.