Notes and Study material for Exams
Union Executive:-President The Union executive consists of the President, the Prime Minister and the Council of Ministers. Powers and functions of The President of India The President is the head of the Indian State. He is the first citizen of India and acts as the symbol of unity, Integrity and solidarity of the nation. ARTICLE … Read more
budgets of Uttar Pradesh Overview of UP economy: State Budget Uttar Pradesh is the most populous state in India with a Population of ~200 million people. Uttar Pradesh Shares its borders with Nepal on the north, the Indian states of Uttarakhand and Himachal Pradesh towards the northwest, Haryana, Delhi and Rajasthan on the west, Madhya … Read more
Himachal Pradesh PUBLIC FINANCE and Fiscal Policy In public finance we study the finances of the Government. Thus, public finance deals with the question how the Government raises its Resources to meet its ever-rising expenditure. As Dalton puts it, public finance is concerned with the income and expenditure of public authorities and with the adjustment … Read more
PUBLIC FINANCE Public finance is the study of the role of the government in the economy. It is the branch of economics which assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones. It includes the study of … Read more
Telangana PUBLIC FINANCE and Fiscal Policy Basic Understanding of Public Finance Public finance as a concept may be understood on two levels – as a practical activity of all components of Public Administration and As a theoretical area. The term “public finance“ may be defined as the identification of specific financial relationships and functions running between … Read more
State Finances And Local Finances State finances The constitution (73rd and 74th) Amendment Acts, 1992 and ARTICLE 280 (3) (c) have altered the erstwhile fiscal devolution system and framework between the states and local governments. Under the new fiscal devolution system every State Government is required to constitute, once in five years, a Finance Commission … Read more
Defence Research and Development Organization (DRDO) The DRDO was formed in 1958 following the merge of the Technical Development Establishment (TDE) of the Indian Army, the Directorate of Technical Development & Production (DTDP) and the Defence Science Organisation (DSO). DRDO laboratories conduct research in a number of fields, such as aeronautics, rockets and missiles, electronics … Read more
Madhya Pradesh PUBLIC FINANCE and Fiscal Policy Basic Understanding of Public Finance Public finance as a concept may be understood on two levels – as a practical activity of all components of Public Administration and As a theoretical area. The term “public finance“ may be defined as the identification of specific financial relationships and functions running between … Read more
Highlights of current year’s union budget and its analysis Highlights of the budget,2019 Income up to Rs 5 lakh exempted from Income tax Standard deduction raised to Rs 50,000 from Rs 40,000 Direct Tax proposals to provide Rs 23,000 cr relief to 3 crore taxpayers Persons with gross income up to Rs 6.50 lakh not … Read more
Indian PUBLIC FINANCE Value Added Tax Under the constitution the States have the exclusive power to tax sales and purchases of goods other than newspapers There are however defects of sales tax It is regressive in nature. Families with low income a larger proportion of their income as sales tax. Has a cascading effect – … Read more