Notes and Study material for Exams
Under the Constitution the financial Resources of the State are very limited though they have to do many works of social uplift under directive principles. In order to cope with their ever-expanding needs, the Central Government makes grants-in-aid to the States. Grant- in-aid to States , through it Central Government exercises a strict control over … Read more
The Art of Revenue Budgeting: A Comprehensive Guide Revenue budgeting is the cornerstone of any successful business. It’s the process of forecasting and planning how much income a company expects to generate over a specific period. A well-crafted revenue budget serves as a roadmap, guiding strategic decisions and ensuring financial stability. This article delves into … Read more
Utilization of public fund Intergovernmental transfers from the centre to the states takes place through three channels: statutory and other transfers mandated by the Finance Commission, formula-based transfers for State Plan Schemes through the Planning Commission, and other discretionary transfers by the Planning Commission/ various central Ministries. The entire tax sharing is a … Read more
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
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
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
India has a well developed Taxation structure. The tax system in India is mainly a three tier system which is based between the Central, State Governments and the Local Government organizations. In most cases, these local bodies include the local councils and the municipalities. According to the Constitution of India, the government has the right … Read more
–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> 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 … Read more
The Finance Commission: A Vital Pillar of India’s Fiscal Federalism The Finance Commission, a constitutional body established under Article 280 of the Indian Constitution, plays a pivotal role in India’s fiscal federalism. It acts as a bridge between the Union and the States, ensuring a fair and equitable distribution of the nation’s financial resources. This … 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