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'India and the Global Financial Crisis' offers a collection of
essays based on the speeches delivered by Reddy during his tenure
as Governor of the Reserve Bank of India between September 2003 and
September 2008, a period of rapid growth for the Indian economy as
well as extraordinary challenges for the conduct of monetary
policy. The volume describes India's financial situation in light
of the perspectives and policies of the Reserve Bank of India, as
well as its response to the financial crises in 2007.
'India and the Global Financial Crisis' offers a collection of
essays based on the speeches delivered by Reddy during his tenure
as Governor of the Reserve Bank of India between September 2003 and
September 2008, a period of rapid growth for the Indian economy as
well as extraordinary challenges for the conduct of monetary
policy. The volume describes India's financial situation in light
of the perspectives and policies of the Reserve Bank of India, as
well as its response to the financial crises in 2007.
Likening fiscal federalism to a game between the Union and the
States, and among the States themselves, Indian Fiscal Federalism
lays bare the complex rules of play. It examines the pivotal role
of Finance Commissions and assesses momentous events since 2014,
such as the replacement of the Planning Commission by NITI Aayog,
the emergence of the GST Council, and the controversies surrounding
the Fifteenth Finance Commission. The book offers a historical
perspective on fiscal federalism, in particular the interplay and
overlap of institutional mechanisms. In doing so, it examines
persistent as well as immediate concerns, and offers a way forward.
A contemporary, timely, and comprehensive analysis of fiscal
federalism in India, this is a must-read for all those interested
in the subject.
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