Summary: The system of financial administration in India has drastically changed since Independence, influenced by the adoption of a federal Constitution, planned development initiatives, increasing State involvement in economic growth, and a shifting fiscal relationship between the Union and the States. The book delves into various aspects such as Union-State fiscal relationships, budgetary processes, public debt trends, and the delegation of financial powers, offering an analytical treatment within the evolving Indian financial framework. Additionally, it examines the role of financial committees, discusses revenue collection, and sheds light on the delegation of financial powers to Ministries for efficient execution of budgets. The Administrative Reforms Commission's recommendations on financial control and management, along with the practice of examining public undertakings through the Committee on Public Undertakings, are also explored, highlighting the comprehensive evaluation process undertaken by the committee. While focusing on detailed financial procedures and control mechanisms, the text emphasizes the need for a balance between effective financial oversight and facilitating operational efficiency in government expenditure.