Notes and Study material for Exams
–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> In India, government expenditure – as per the provision in the Constitution – is divided into Revenue Expenditure and Capital Expenditure. However, the adoption of economic planning shifted emphasize on the division of expenditure into Plan and Non-Plan. The share of Non-Plan expenditure has remained close … Read more
Understanding the Government Deficit: A Deep Dive into Key Measurers The concept of a government deficit is often discussed in economic and political discourse, but its true meaning and implications can be elusive. This article delves into the intricacies of government deficits, exploring the various measures used to quantify them and their significance in understanding … Read more
Capital Expenditure: The Engine of Growth and Value Creation Capital expenditure (CAPEX), often referred to as capital investment, represents the funds a company allocates to acquire or upgrade long-term assets. These assets, ranging from property, plant, and equipment (PP&E) to intangible assets like software and intellectual property, are crucial for a company’s operations and future … Read more
Nowruz: A Celebration of Renewal and Rebirth Across Cultures Nowruz, meaning “new day” in Persian, is a vibrant and ancient festival celebrated by millions across the globe, marking the arrival of spring and the renewal of life. This joyous occasion, steeped in history and tradition, transcends cultural boundaries, uniting people from diverse backgrounds in a … Read more
The Budgetary Process in Parliament: A Symphony of Scrutiny and Approval The annual budget, a financial blueprint outlining government spending and revenue, is a cornerstone of any democratic society. It reflects the government’s priorities, shapes the lives of citizens, and ultimately determines the economic health of a nation. The process of crafting and approving this … Read more
The Tax-GDP Ratio: A Window into Fiscal Health and Economic Development The tax-GDP ratio, a fundamental metric in macroeconomics, reflects the proportion of a nation’s gross domestic product (GDP) collected as tax revenue. This ratio serves as a crucial indicator of a country’s fiscal health, its ability to fund public services, and its overall economic … Read more
The Economy Cut Motion: A Powerful Tool for Budgetary Control and its Impact on Public Spending The “Economy Cut Motion” (ECM), also known as a “guillotine motion,” is a parliamentary procedure used in various countries to limit debate and expedite the passage of legislation, particularly budget bills. While its primary function is to streamline the … Read more
Understanding Revenue Expenditure: A Comprehensive Guide Revenue expenditure, a fundamental concept in financial accounting, plays a crucial role in understanding a company’s financial health and performance. This article delves into the intricacies of revenue expenditure, exploring its definition, characteristics, examples, and its impact on financial statements. We will also examine its distinction from capital expenditure … Read more
The Policy Cut Motion: A Tool for Parliamentary Scrutiny and Political Maneuvering The policy cut motion, a parliamentary procedure with roots in the Westminster system, serves as a potent tool for opposition parties to challenge government policy and exert influence over public spending. This motion, often referred to as a “cut motion” or “policy motion,” … Read more
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