THE BOOK UNDER REVIEW IS A COLLECTION OF ESSAYS WRITTEN BY PROFESSORS I.S. GULATI AND K.K. GEORGE INDIVIDUALLY OR JOINTLY AND PUBLISHED IN THE Economic and Political Weekly OVER THE LAST ONE DECADE. THE FIRST ESSAY, BY FAR THE MOST COMPREHENSIVE IN THIS VOLUME, IS A HISTORICAL AND EMPIRICAL ANALYSIS OF THE RESOURCE FLOWS FROM THE CENTRE TO THE STATES DURING 1951-52 TO 1984-85, THAT IS, THE PERIOD COVERING THE FIRST SIX FIVE-YEAR PLANS AND WAS ORIGINALLY WRITTEN AS THEIR MEMO¬RANDUM TO THE SARKARIA COMMISSION. THE NEXT THREE ESSAYS CRITICALLY EXAMINE THE AWARDS OF THE SIXTH, SEVENTH AND EIGHTH FINANCE COMMISSIONS. THE FIFTH ESSAY DEALS WITH THE STATE-WISE BREAK-UP OF THE THREE CATEGORIES OF INTER-STATE FINANCIAL REDISTRIBUTION, VIZ., STATUTORY TRANSFERS, PLAN TRANSFERS AND DISCRETIONARY TRANSFERS.
May-June 1989, volume 13, No 3