CONTENTS List of Tables ix List of Abbreviations xi Foreword by C. Rangarajan xiii 4 Tribute to Dr Cheltiah by D. K. Srivastava xv Preface xxxi Acknowledgements xxxiii 1 Political Economy of Poverty Eradication in India 1 1.1Introduction 3 1.2India and Modernisation 14 1.3Political Economy with Inadequate Modernisation 20 1.4 Change in Approach and Strategy 27 1.5LGS-Strategy and Plans of Development 34 1.6 Other Important Policy Changes Needed 37 1.7 Civil Society Action and Modernisation 44 1.8Agenda for Action 50 1.9Appendix 1.1 53 1.10 Appendix 1.2 59 2 A Tract on Reform of Federal Fiscal Relations in India 67 2.1Introduction 69 2.2An Evaluation of the Arrangements for Central Transfers to the State in the Indian Federation 78 2.3 An Outline of Proposal for Reform 95 2.4 Appendix 2.1 110 3 Task Force Recommendations on Direct Taxes 119 3.1Introduction 121 3.2Personal Income Tax 123 3.3 Agricultural Income 131 3.4 Corporate Profit Tax 133 3.5Charitable Trusts 136 3.6 Wealth Tax 137 Index 139 About the Author 145