Notes and Study material for Exams
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
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
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