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.