Notes and Study material for Exams
Organised crime: Organized crime is described as any group having a corporate structure whose main aim is to obtain Money through unlawful activities often surviving on fear and Corruption. Today, organized crime is business at large scale that is conducting global commerce for the trafficking of illegal Services and products as well as developing the … Read more
Money Laundering And Black Money Money Laundering Money laundering is the process of making large amounts of money generated by a criminal activity, such as drug trafficking or terrorist funding, appear to have come from a legitimate source. The money from the criminal activity is considered dirty, and the process “launders” it to make it … Read more
I wish for a peaceful term of India. I cannot forget that in the sky of India , Lord Canning serene as it is, a small cloud may arise ………..threaten to burst & overwhelm. ‘a battle of blacks against the whites’ (on 1857 revolt) J.W. Kaye The … Read more
Navigating the Labyrinth: A Comprehensive Guide to Financial Bills Financial bills are the lifeblood of any economy, shaping the landscape of investment, spending, and economic growth. From regulating financial institutions to managing public debt, these bills play a crucial role in shaping the financial well-being of individuals, businesses, and nations. This comprehensive guide delves into … Read more
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
Charged Expenditure: Understanding the Dynamics of Public Spending Charged expenditure, a significant component of public finance, refers to government spending that is not subject to the annual budgetary process. Unlike voted expenditure, which requires parliamentary approval each year, charged expenditure is automatically allocated based on pre-existing legislation or contractual obligations. This article delves into the … Read more
Money Supply is the entire stock of currency and other liquid instruments in a country’s economy as of a particular time. The money supply can include cash, coins and balances held in checking and Savings accounts. Money Supply can be estimated as narrow or Broad Money. There are four measures of money supply in India … Read more
The Shadow Economy: Unmasking Tax Evasion and its Global Impact Tax evasion, the deliberate act of avoiding or minimizing tax obligations, casts a long shadow over global economies. It undermines government revenue, distorts markets, and fuels inequality. This article delves into the multifaceted nature of tax evasion, exploring its various forms, motivations, and consequences. We … Read more
Repo and reverse repo transactions The repurchase agreement (repo or RP) and the reverse repo agreement (RRP) are key tools used by many large financial institutions, banks, and some businesses. These short-term agreements provide temporary lending opportunities that help to fund ongoing operations. The Federal Reserve also uses the repo and reverse repo … Read more