Political economy of poverty eradication in India and essays on fiscal reforms / Raja J. Chelliah.

Includes bibliographical references and index.

Foreword / C. Rangarajan -- A Tribute to Dr Chelliah / D. K. Srivastava -- 1. Political Economy of Poverty Eradication in India -- 1.1. Introduction -- 1.2. India and Modernisation -- 1.3. Political Economy with Inadequate Modernisation -- 1.4. Change in Approach and Strategy -- 1.5. LGS---Strategy and Plans of Development -- 1.6. Other Important Policy Changes Needed -- 1.7. Civil Society Action and Modernisation -- 1.8. Agenda for Action -- 1.9. Appendix 1.1 -- 1.10. Appendix 1.2 -- 2. A Tract on Reform of Federal Fiscal Relations in India -- 2.1. Introduction -- 2.2. An Evaluation of the Arrangements for Central Transfers to the State in the Indian Federation -- 2.3. An Outline of Proposal for Reform -- 2.4. Appendix 2.1 -- 3. Task Force Recommendations on Direct Taxes -- 3.1. Introduction -- 3.2. Personal Income Tax -- 3.3. Agricultural Income -- 3.4. Corporate Profit Tax -- 3.5. Charitable Trusts -- 3.6. Wealth Tax.

"This book brings together three essays of Dr Chelliah on reforms and poverty alleviation. Together they unravel the working of the Indian political economy and explain the causes behind persistent poverty in the country despite economic growth. The essays address the issues of effective means of poverty reduction by the states, reforms of federal fiscal relations, and taxes." "Dr Chelliah's central premise is that the major fault of India's economic policy has been that it was largely based on the democratic socialist thought, thereby entrusting the government with the greatest responsibility. For the democratic process to be effective, masses need to be able to form independent political judgement. For achieving this, Dr Chelliah suggests a four-pronged approach of universal education, scientific outlook, political and ethical transformation. He then goes on to suggest innovative policy reforms that would help the states lagging behind to develop. In doing that, among other things, he makes various tax reform recommendations relating to personal income tax, corporate income tax, and indirect taxes." "This book will be invaluable for students and scholars of development economics, political economy, public finance, public administration and economics."--BOOK JACKET.