www.unom.ac.in University Of Madras : M.Com Bank Management CBCS Syllabus

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UNIVERSITY OF MADRAS
M.COM - DEGREE COURSE IN BANK MANAGEMENT
CHOICE BASED CREDIT SYSTEM
SYLLABUS

PAPER I - BM 301 - INDIAN FINANCIAL. SYSTEM
OBJECTIVES
1. Know the role of Government for economic Development
2. Familiarize with Government budget
3. Know the Indian tax system (Both direct and indirect)
4. Impart Knowledge about Fiscal federalism in India
5. Analyze the role of fiscal policy

http://www.unom.ac.in/index.php?rout...n/cbcssyllabus
http://www.unom.ac.in/uploads/admiss...%20BANKMGT.pdf

UNIT-I :
Role of Government in Indian economy Government as an investor, economic stabilizer, an intervention to correct market failures : and promote Welfare - public good; private good, merit good and social good - planning for economic development.

UNIT-2 :
Government budget : Capital and current- Economic Classification of budget - Sources of revenue - tax and non-tax Revenues - measures of deficit - alternative measures of resource mobilization – their impact on growth, distribution and prices.

UNIT-3 :
Indian tax system - Structure of taxes - Direct taxes, features of personal income, taxation in India – Corporation. income tax - its failure, tax treatment of depreciation, tax incentives - Indirect taxes: customs and excise duties, sales tax, octroi, property tax, value-added tax; modvat
non-tax revenues - Chelliah Committee report.

UNIT-4 :
Fiscal- federalism in India : Assignment of functions to appropriate levels of governrnent - center- state financial relations in India - problems of state- local financial relations - financial resources to Panchayat Raj and other local governments.

UNIT-5 :
Public dept : Source of public debt- trends and composition of public debt burden of public debt- debt management in India link between fiscal and monetary operations - fiscal policy objectives, targets and instruments.

REFERENCES :
1. Musgrave R. A., & Musgrave P. A., Public finance in theory and practice. New York: Mc Grawl-lill. 1976
2. Chefliah R.J., Fiscal policy in under developed countries, Geor Allen end Unwin, 1971.
3. Durvey D.N.; (Ed.), Readings in Indian Public Finance, Chanakya, 4. ChelliahR:J, Tax reforms Committee Report, Government of India, 1992.
4. Government of India, Reports of Finance Commissions. Government of India, Economic survey (Annual report)