Finance
Center State Financial Relations and latest Finance Commission.
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
SARFAESI Act
The SARFAESI Act: A Comprehensive Guide to Securitization and Recovery of Financial Assets in India The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) is a landmark legislation in India that revolutionized the way financial institutions recover their dues from borrowers. It introduced a streamlined and efficient framework … Read more
Collective Investment Scheme (CIS)
Collective Investment Schemes (CIS): A Comprehensive Guide Collective Investment Schemes (CIS) are a popular investment vehicle that allows individuals to pool their money together to invest in a diversified portfolio of assets. This diversification helps to reduce risk and potentially enhance returns. This article will provide a comprehensive overview of CIS, exploring its key features, … Read more
Centre-State Relationship:Administrative, Legislative and Financial
The Indian constitution provides for a federal framework with powers (legislative ,executive and financial) divided between the center and the states. However, there is no division of judicial power as the constitution has established an Integrated Judicial System to enforce both the central laws as well as state law. The Indian federation is not the … Read more
World Bank, International Monetary Fund (IMF) and Asian Development Bank (ADB).
[su_heading]World Bank[/su_heading] The International Bank for Reconstruction and Development (IBRD), commonly referred to as the World Bank, is an international financial institution whose purposes include assisting the development of its member nation’s territories, promoting and supplementing private foreign Investment and promoting long-range balance Growth in international trade. The World Bank was established in December 1945 … Read more
Quick points: Accounting and auditing; Budgetary Control
Part C Accounting and Auditing; Budgetary Control: Definition: Budgetary control is the process by which budgets are prepared for the future period and are compared with the actual performance for finding out Variance. Obj. of BC: Define the objectives of the organisation Providing plans to achieve the objectives Coordinating the activities of various departments … Read more
Chapter 1- Wealth Creation- Economic Survey 2020 Analysis
Chapter 1: Wealth Creation: The Invisible Hand Supported by the Hand of Trust Importance of Wealth creation: It lead to efficient and more utilisation of raw material. It lead to increase in the Aggregate Demand in the economy. Increase in the Direct Tax flows Increase in the salaries of employees working in an ecosystem … Read more
Development Of Railway (1)
Development Of Railway, Industralization and constitutional development during British period Railway The British created the Indian Railways. They envisioned it, planned it, engineered it and instructed poor Indian laborers how to build it. There is a common misconception that the British “gifted” India the Railways. Nothing could be more wrong. The British … Read more
Government policies and interventions for development in various sectors and issues arising out of their design, implementation and Information Communication Technology (ICT)
Meaning of Public Policy Are goal oriented Are outcome of the government’s collective actions It is what the government actually decided or chooses to do Is positive in the sense that it depicts the concern of the government and involves its action to a particular problem on which the policy is made Distinction between policy … Read more