About the Book :
At a time when we are at the cross roads in terms of the fiscal policies in the country as a whole in general and the Union State relations in particular, this book is a timely contribution to the study of flow of funds to the States linking the levels of development of the States to the financial flows through a variety of its command. It is exhaustive in terms of historical review and comprehensive in terms of capturing the flow of funds not only through the budgetary channels but also through market borrowings, all India institutions etc. The value of the work is enhanced by the mass of data that is appended in the second part of the book. A part from being a guide to the practitioners, the book is an excellent reference document to the students of India economic development. It provides wealth of information and raises issues helping in identification of fruitful areas of further research.
About Author :
M.L. Sastry (b. 1925), did his M.A. (Econ.) from the Andhra University, Waltair. He has been continuously assisted with Finance & Planning issues both at the Union and the State level during the planned era since 1950 till to date. The book is an out come of his association with Planning Department in Sikkim, Sixth Finance Commission and Finance Department, Government of Andhra Pradesh. He has contributed extensively to the documentation including Seminars on subjects relating to Finance & Planning, particularly during his tenure as Consultant to Government of Andhra Pradesh and also the Centre for Economic and social Studies, Hyderabad.
G.R. Reddy (b. 1945) and his M.A. (Econ.) from Osmania University, Hyderabad. He taught economics for four years at the collegiate level before joining the Indian Economic Service in 1971. Subsequently he worked in the Ministry of Agriculture and the Bureau of Industrial Costs and Prices in Government of India. Since 1981, he has been working, on deputation, with Government of Andhra Pradesh Specially on issues related to State Finances and Centre-State Financial Relations. His papers on these subjects have been published in Economic Times, Financial Express and two edited volumes related to financial matter.