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Public Finance: Principles And Practice By R.K. Lekhi (PDF, 200 Pages)



Public Finance Book by Lekhi PDF 200: A Review




Public finance is a branch of economics that deals with the study of government activities and their impact on the economy. It covers topics such as taxation, public expenditure, public debt, public budget, and fiscal policy. Public finance is an important subject for students, researchers, policy makers, and anyone interested in understanding the role of the government in the economy.




Public Finance: Principles and Practice by R.K. Lekhi (PDF, 200 pages)



One of the books that provides a comprehensive and updated coverage of public finance is Public Finance by R.K. Lekhi. This book is published by Kalyani Publishers and has 200 pages. It is available in PDF format for easy access and download. The book is divided into two parts: the first part deals with the theory of public finance, while the second part discusses the Indian context and policy issues.


The book covers various aspects of public finance such as:


  • The meaning and scope of public finance and the principles of maximum social advantage



  • The incidence and effects of different types of taxes and their optimal design



  • The objectives, criteria, and classification of public expenditure and its impact on efficiency and equity



  • The sources, management, and effects of public debt and its sustainability



  • The preparation, execution, and evaluation of public budget and its role in fiscal policy



  • The fiscal policy objectives, instruments, and constraints in India and its impact on growth, stability, and distribution



The book is written in a simple and lucid style with numerous examples, diagrams, tables, and charts to illustrate the concepts and theories. The book also provides review questions, numerical problems, case studies, and references at the end of each chapter to test the understanding and application of the topics. The book is suitable for undergraduate and postgraduate students of economics, commerce, management, law, and public administration. It is also useful for competitive examinations such as UPSC, NET, SET, etc.


If you are looking for a book that provides a clear and comprehensive introduction to public finance with an Indian perspective, you should consider Public Finance by R.K. Lekhi. You can download the PDF version of the book from various online sources such as Peatix, PDFprof, or Wixsite. Alternatively, you can also buy the paperback version of the book from Amazon or Flipkart.


Why is Public Finance Important?




Public finance is important for several reasons. First, it helps to understand how the government affects the economy through its spending and taxation decisions. The government can influence the allocation of resources, the distribution of income and wealth, and the stabilization of economic fluctuations. Public finance helps to evaluate the efficiency and equity implications of these effects and to design policies that can improve social welfare.


Second, public finance helps to address the market failures and externalities that arise in the economy. Market failures occur when the market mechanism fails to allocate resources optimally due to imperfect competition, asymmetric information, public goods, or common resources. Externalities occur when the actions of one agent affect the welfare of another agent without being reflected in the market price. Public finance helps to identify and correct these situations by using appropriate policy instruments such as taxes, subsidies, regulations, or public provision.


Third, public finance helps to deal with the fiscal challenges and opportunities that face the government in the changing economic and social environment. The government has to balance its revenue and expenditure needs in order to maintain fiscal sustainability and credibility. The government also has to respond to the changing demands and expectations of the citizens in terms of public services and social protection. Public finance helps to analyze the fiscal situation and to design reforms that can enhance fiscal performance and accountability.


What are the Benefits of Reading Public Finance by R.K. Lekhi?




Reading Public Finance by R.K. Lekhi can provide several benefits for the readers. Some of these benefits are:


  • The book provides a comprehensive and updated coverage of public finance with an Indian perspective. The book covers both the theoretical and practical aspects of public finance and reflects the latest developments and issues in the field.



  • The book is written in a simple and lucid style with clear explanations and examples. The book uses diagrams, tables, and charts to illustrate the concepts and theories. The book also provides review questions, numerical problems, case studies, and references at the end of each chapter to test the understanding and application of the topics.



  • The book is suitable for various levels and purposes of learning. The book is suitable for undergraduate and postgraduate students of economics, commerce, management, law, and public administration. It is also useful for competitive examinations such as UPSC, NET, SET, etc. The book can also serve as a reference for researchers, policy makers, and anyone interested in public finance.



Therefore, reading Public Finance by R.K. Lekhi can help you to gain a solid foundation and a deeper insight into public finance. 04f6b60f66


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