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Central Loans to States and Finance Commission

Tapan Kumar Shandilya (Author) Abhishek Kumar (Author)
Synopsis The indebtedness of the states in India has been growing rapidly, its major cause being the high corporation of loans in the Central assistance for the plans. The states, particularly the backward states, encounter serious difficulties in servicing such loans. Several times, states are compelled to borrow for repayment of the principal and interest resulting in reverse flow of resources form the states to the centre. This trend has posed severe constraints before the states finances and has, infact, eroded their financial autonomy. This is actually the most abrasive and irritating element in the centre-state financial relations. Naturally, the states have been clamouring for more powers and autonomy.

The present book makes an attempt at various aspects of the macro-economic problem of central loans to the states, particularly the backward states, since the Fourth Five Year Plan. The magnitude, direction and impact of central loans on the backward states has been discussed critically loans and suggestions have been given for solving the problem. The book may also serve as an excellent reference document for further research.
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About the author

Tapan Kumar Shandilya

Dr. T.K. Shandilya, M.A ( Gold Medalist), ph. D. is Lecturer in Post-Graduate Department of Economics, College of Commerce, (Magadh University, Both-Gaya), Patna. He was formerly Assistant Professor of Economics, Baraktullah University, Bhopal ( M.P). His published books include “Central Loans to State under Five Year Plans”, “Centre State Financial Relations in India”’ “Micro Economics”’ “Population Problems”, “Agricultural Credit and NABARD”, “Child Labour: A Global Challenge”, “Child Labour Eradication”, and “Foreign Direct Investment in India”. About two dozen students have been awarded Ph.D. degree under his able guidance. He has  attended national and international conferences and contributed a number of articles in leading national and international journals. Presently, he is principal investigator in a UGC research project. He is also editor of a national journals “The Hindustan Review” and Associate Editor of “Indian Economic Journal” of IEA His forthcoming books are “Micro-Finance and Rural Development” and “Fiscal Federalism in India”.

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Bibliographic information

Title Central Loans to States and Finance Commission
Format Hardcover
Date published: 19.03.2011
Edition 1st ed.
Language: English
isbn 9788184503708
length ix+378p., Illustrations; Bibliography; Index; 23cm.