Notes and Study material for Exams
Chhattisgarh Chief Minister Raman Singh presented a Rs. 73,996 crore budget for the year 2016-17 in the State Assembly. This is hoped that the GDP of the State would remain at 7.6 per cent in the coming year. Special focus and attention was given to agriculture sector in the budget. Government have provided Rs.540 … Read more
–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
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
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
The Governor of existing State of Andhra Pradesh may, at any time before the appointed day, authorise such expenditure from the Consolidated Fund of the State of Telangana as he deems necessary for any period not more than six months beginning with the appointed day pending the sanction of such expenditure by the … 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
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
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 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