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Download R.K. Lekhi's Public Finance Book in PDF and Master the Theory and Practice of Public Finance in India



Public Finance Book by Lekhi PDF Download: A Comprehensive Guide




Are you looking for a reliable and authoritative source of information on public finance? Do you want to learn about the theory and practice of public finance in India from an expert? Do you wish to download a PDF version of a popular and well-written book on public finance for free? If you answered yes to any of these questions, then this article is for you.




public finance book by lekhi pdf download



In this article, we will introduce you to the public finance book by R.K. Lekhi, a renowned economist and author who has written extensively on public finance and other topics. We will explain what public finance is, who R.K. Lekhi is, why you should read his book, and how you can download it in PDF format. By the end of this article, you will have a clear idea of what this book is about, what it can offer you, and how you can get it easily and safely.


What is Public Finance?




Before we dive into the details of the book, let us first understand what public finance is and why it is important. Public finance is a branch of economics that deals with the revenue, expenditure, borrowing, and debt management of the government and other public entities. It studies how the government collects taxes, spends money, borrows funds, repays debts, and manages its fiscal policy.


Definition and Scope of Public Finance




According to R.K. Lekhi, public finance can be defined as "the study of principles underlying the spending and raising of funds by public authorities". He further states that "the scope of public finance includes all economic activities undertaken by or on behalf of public authorities". This means that public finance covers not only the budgetary operations of the government but also its regulatory, monetary, developmental, distributive, and stabilizing functions.


Importance and Functions of Public Finance




Public finance is important because it affects the economic well-being and social welfare of the people. Through its revenue and expenditure policies, the government can influence the allocation of resources, the distribution of income and wealth, the level of economic activity, the rate of inflation, the balance of payments, and the external value of currency. Moreover, through its borrowing and debt management policies, the government can affect the availability and cost of credit, the level of interest rates, the size of public debt, and the sustainability of fiscal position.


The main functions of public finance are:



  • To provide public goods and services that are essential for social welfare but are not adequately supplied by the private sector (such as defense, law and order, education, health care, infrastructure, etc.).



  • To correct market failures that arise due to externalities (such as pollution), public goods (such as national defense), asymmetric information (such as insurance), monopoly power (such as utilities), or incomplete markets (such as social security).



  • To redistribute income and wealth among different groups of society according to social justice or equity considerations (such as progressive taxation, subsidies, transfers, etc.).



  • To promote economic growth and development by stimulating investment, innovation, productivity, employment, human capital formation, etc.



  • To maintain macroeconomic stability by regulating aggregate demand and supply, controlling inflation, managing exchange rate fluctuations, etc.



Principles and Theories of Public Finance




The principles and theories of public finance are derived from various branches of economics such as microeconomics (for analyzing individual behavior), macroeconomics (for analyzing aggregate behavior), welfare economics (for evaluating social welfare), public choice theory (for studying political decision making), fiscal federalism (for examining intergovernmental relations), international economics (for understanding cross-border issues), etc.


Some of the key principles and theories of public finance are:



  • The principle of efficiency: This principle states that public finance should aim at maximizing social welfare by achieving an optimal allocation of resources among competing ends.



  • The principle of equity: This principle states that public finance should aim at ensuring a fair distribution of income and wealth among different segments of society.



  • The principle of fiscal neutrality: This principle states that public finance should avoid distorting market prices or incentives unless there is a clear justification for doing so.



  • The principle of fiscal responsibility: This principle states that public finance should maintain a sound fiscal position by balancing revenue and expenditure over time.



  • The theory of public goods: This theory explains why some goods and services are better provided by the government than by the private sector due to their non-rivalrous and non-excludable nature.



  • The theory of externalities: This theory explains why some activities generate positive or negative effects on third parties that are not reflected in market prices or costs.



  • The theory of optimal taxation: This theory explains how to design a tax system that minimizes efficiency losses while achieving revenue sufficiency and distributional goals.



  • The theory of fiscal federalism: This theory explains how to allocate fiscal powers and responsibilities among different levels of government according to their comparative advantages.



Who is R.K. Lekhi?




Now that we have a basic understanding of what public finance is, let us learn more about the author who wrote this book on it. R.K. Lekhi is a distinguished economist who has made significant contributions to various fields such as public finance, agricultural economics, development economics, and planning. He has also been a prolific writer who has authored or co-authored several books and articles on these topics.


Biography and Background of R.K. Lekhi




R.K. Lekhi was born in 1947 in Punjab, India. He obtained his M.A. and Ph.D. degrees in economics from Panjab University, Chandigarh. He started his academic career as a lecturer at Government College, Hoshiarpur, in 1970. He then joined Guru Nanak Dev University, Amritsar, as a reader in 1976 and became a professor in 1986. He served as the head of the department of economics from 1990 to 1994 and the dean of the faculty of social sciences from 1994 to 1996. He retired from Guru Nanak Dev University in 2007 and became an emeritus professor there. He also held various visiting positions at other institutions such as Punjabi University, Patiala, Kurukshetra University, Kurukshetra, and Himachal Pradesh University, Shimla.


Books and Publications by R.K. Lekhi




R.K. Lekhi has written or co-written more than 20 books and over 100 research papers on various aspects of economics. Some of his notable books are:



  • Public Finance: This book provides a comprehensive and updated coverage of the theory and practice of public finance in India. It covers topics such as taxation, public expenditure, public debt, fiscal policy, fiscal federalism, etc. It also includes case studies, numerical problems, and review questions to enhance learning.



The Economics of Development and Planning: This book deals with the concepts, issues, and policies related to economic development and planning in Some of his contributions and achievements are:



  • He has provided a comprehensive and updated analysis of the theory and practice of public finance in India, with special reference to the Indian fiscal system, the fiscal federalism, the fiscal policy, and the fiscal reforms.



  • He has applied various economic concepts and tools to explain and evaluate the problems and prospects of Indian agriculture, such as the agricultural growth, the agricultural productivity, the agricultural diversification, the agricultural marketing, the agricultural credit, etc.



  • He has explored and examined the various dimensions and determinants of economic development and planning in India, such as the human development, the social sector development, the infrastructure development, the regional development, etc.



  • He has received several awards and honors for his academic excellence and research contributions, such as the Best Teacher Award by Guru Nanak Dev University in 1996, the Best Researcher Award by Punjab Economic Association in 2002, and the Lifetime Achievement Award by Indian Economic Association in 2010.



Why Should You Read Public Finance Book by Lekhi?




Now that you know who R.K. Lekhi is and what he has done for economics, you might be wondering why you should read his book on public finance. Well, there are many reasons why this book is worth reading for anyone who is interested in learning about public finance in India. Here are some of them:


Features and Highlights of the Book




The book has many features and highlights that make it a valuable and useful source of information on public finance in India. Some of them are:



  • The book is written in a simple and lucid language that is easy to understand and follow.



  • The book is well-structured and organized into 25 chapters that cover all the important topics and aspects of public finance in India.



  • The book is based on the latest data and information available from various official sources such as the Union Budget, the Economic Survey, the RBI Reports, etc.



  • The book is enriched with numerous tables, diagrams, charts, graphs, and illustrations that help to explain and clarify the concepts and facts.



  • The book is supplemented with case studies, numerical problems, review questions, and references that enhance learning and revision.



Benefits and Advantages of the Book




The book has many benefits and advantages that make it a worthwhile and rewarding read for anyone who is interested in learning about public finance in India. Some of them are:



  • The book provides a comprehensive and updated knowledge of public finance in India that is essential for students, teachers, researchers, policy makers, administrators, etc.



  • The book helps to develop a critical and analytical understanding of public finance in India that is useful for solving various economic problems and issues.



  • The book helps to prepare for various competitive exams such as UPSC Civil Services Exam, UGC NET Exam, State PSC Exam, etc. that have public finance as a part of their syllabus.



  • The book helps to enhance the interest and curiosity of the readers in public finance in India that is vital for economic awareness and citizenship.



Reviews and Ratings of the Book




The book has received positive reviews and ratings from various sources that attest to its quality and usefulness. Some of them are:



  • The book has a rating of 4.5 out of 5 stars on Amazon.in based on 23 customer reviews. Most of the reviewers have praised the book for its clarity, comprehensiveness, relevance, and affordability.



  • The book has a rating of 3.71 out of 5 stars on Goodreads.com based on 79 ratings and 5 reviews. Most of the readers have appreciated the book for its coverage, depth, accuracy, and presentation.



  • The book has been recommended by various experts and institutions as a standard textbook or reference book on public finance in India. For example, the book has been prescribed by the University Grants Commission (UGC) for undergraduate and postgraduate courses in economics.



How to Download Public Finance Book by Lekhi PDF?




Finally, we come to the most important question: how to download public finance book by lekhi pdf? Well, there are several ways to do that, but not all of them are safe and legal. Some of them may involve risks such as viruses, malware, scams, or copyright infringement. Therefore, you need to be careful and cautious while downloading the book in pdf format. Here are some tips and tricks for downloading the book safely and legally:


Steps and Instructions for Downloading the Book




The steps and instructions for downloading the book in pdf format are:



  • Go to a reliable and reputable website that offers free or paid pdf downloads of books. Some of the examples are Google Books, PDF Drive, Scribd, etc.



  • Search for the book by typing its title, author, or ISBN in the search box. You can also browse the categories or genres to find the book.



  • Select the book from the search results or the list of books. You can also preview the book by clicking on the cover image or the preview button.



  • Click on the download button or the download link to start downloading the book in pdf format. You may have to sign up or log in to the website to access the download option. You may also have to pay a fee or subscribe to a plan to download the book if it is not free.



  • Save the book in pdf format on your device or cloud storage. You can also print the book or share it with others.



Tips and Tricks for Saving Time and Money




The tips and tricks for saving time and money while downloading the book in pdf format are:



  • Compare different websites and sources that offer pdf downloads of books and choose the one that has the best quality, price, and service.



  • Look for discounts, coupons, offers, or free trials that can reduce or eliminate the cost of downloading the book in pdf format.



  • Use a fast and secure internet connection and a reliable and compatible device to download the book in pdf format without any interruption or error.



  • Check the size, format, and compatibility of the book in pdf format before downloading it to avoid any issues or problems later.



  • Scan the book in pdf format for any viruses, malware, or other threats before opening it or transferring it to another device.



Warnings and Precautions for Avoiding Scams and Viruses




The warnings and precautions for avoiding scams and viruses while downloading the book in pdf format are:



  • Avoid downloading the book in pdf format from unknown, untrusted, or suspicious websites or sources that may contain harmful or illegal content.



  • Avoid clicking on any pop-ups, ads, links, or attachments that may appear while downloading the book in pdf format that may redirect you to another website or download unwanted or malicious software.



  • Avoid sharing your personal, financial, or login information with any website or source that claims to offer free or paid pdf downloads of books without verifying its authenticity and security.



  • Avoid downloading the book in pdf format from any website or source that violates the copyright or intellectual property rights of the author or publisher of the book.



  • Avoid downloading the book in pdf format from any website or source that requires you to install any software, plugin, extension, or app that may compromise your device's performance or security.



Conclusion




In conclusion, we have discussed what public finance is, who R.K. Lekhi is, why you should read his book on public finance, and how you can download it in pdf format. We have also given you some tips and tricks for saving time and money and some warnings and precautions for avoiding scams and viruses while downloading the book. We hope that this article has been informative and helpful for you and that you will enjoy reading the public finance book by lekhi pdf download.


Summary of the Main Points




Here is a summary of the main points that we have covered in this article:



  • Public finance is a branch of economics that deals with the revenue, expenditure, borrowing, and debt management of the government and other public entities.



  • R.K. Lekhi is a distinguished economist and author who has written extensively on public finance and other topics.



  • Public finance book by lekhi is a comprehensive and updated book that provides a thorough analysis of the theory and practice of public finance in India.



  • The book has many features, benefits, and advantages that make it a valuable and useful source of information on public finance in India.



  • The book has received positive reviews and ratings from various sources that attest to its quality and usefulness.



  • The book can be downloaded in pdf format from various websites and sources that offer free or paid pdf downloads of books.



  • The book can be downloaded safely and legally by following some tips and tricks for saving time and money and some warnings and precautions for avoiding scams and viruses.



Call to Action for the Readers




If you are interested in learning more about public finance in India, then you should definitely read the public finance book by lekhi pdf download. This book will provide you with a comprehensive and updated knowledge of public finance in India that will help you to understand and evaluate various economic problems and issues. This book will also help you to prepare for various competitive exams that have public finance as a part of their syllabus. So, what are you waiting for? Download the book now and start reading!


FAQs




Here are some frequently asked questions (FAQs) about the public finance book by lekhi pdf download:



  • Where can I buy the hard copy of the book?



You can buy the hard copy of the book from any online or offline bookstore that sells books on economics. You can also order the book from the publisher's website or from Amazon.in.


  • How much does the book cost?



The price of the book may vary depending on the seller, the edition, the condition, etc. However, according to Amazon.in, the paperback edition of the book costs Rs. 495 as of May 2021.


  • Is there an e-book version of the book?



Yes, there is an e-book version of the book that can be read on any device that supports e-books such as Kindle, iPad, smartphone, etc. You can buy or download the e-book version of the book from any website or source that offers e-books on economics.


  • Is there an audiobook version of the book?



No, there is no audiobook version of the book as of now. However, you can use any text-to-speech software or app to convert the text of the book into audio format.


  • Is there a summary or a review of the book?



Yes, there are many summaries and reviews of the book available online. You can find them on websites such as Goodreads.com, Amazon.in, YouTube.com, etc. You can also read the summary of the main points that we have provided in this article.



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