This is a commemorative volume on Dr. Amaresh Bagchi, one of the greatest economic policy reformers of India, revered as the father of fiscal federalism in the country. The collection comprises original contributions by eminent scholars, who were also close friends and associates of Dr. Bagchi. Besides dealing with various important aspects of the subject of public economics and Dr. Bagchi's work—both theoretical and applied—they also add a personal touch to compilation. The reminiscences reveal Dr. Bagchi the man as well as Dr. Bagchi the scholar.
Dr. Bagchi worked extensively on tax reforms, establishing the concept of Value Added Tax. The essays in this volume critically analyze and discuss various issues related to tax system reform in the developing world and review the fiscal federalism literature from a developing and transitional country perspective.