Notes and Study material for Exams
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
Tax Expenditure is the revenue foregone as a result of exemptions and concessions. Tax expenditure was introduced for the first time in 2006-07 union budget. Tax expenditure is justified on following grounds: Act as an incentive for priority sector like
with the rise in Average life expectancy there is a need to provide the senior citizens with social security. Hence government of India came up with PMVVY to provide pension and hence income security. Eligibility A senior citizen above the age of 60 years of age will fall under the scheme. Available … Read more
Challenges of Corruption Corruption is an age old phenomenon and can be seen everywhere now a days. It is like a cancer in public life, which has not become to rampant and perpetuated overnight, but is course of time. The word corruption means destruction, ruining or spoiling a Society or nation. A corrupt society is … Read more
Tax and Economic Reforms in Andhra Pradesh :- On 16 May 2017 Andhra Pradesh Legislature passed the state Goods and Services Tax (GST) Bill and contributed towards biggest Tax and Economic Reforms in Andhra Pradesh . Meanwhile State has a glorious history of Economic and Tax Reforms. First Phase of Economic Reforms in Andhra Pradesh :– The attention of … 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
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
Table of contents:- Potential Areas Of Socio-political conflicts between and within Indian States, Traditional, Contemporary and Emerging Threats Internal and External Threats; Threats of Conflicts, Naxal Problems, Terrorism, Trans-border Infiltration and Insurgency Issues, Communalism, Organised crimes, Cyber issues, Drug trafficking and other such issues. [su_heading size=”21″]Potential areas of socio-political conflicts between and within Indian States,[/su_heading] … Read more
VAT is a multi-stage tax levied at each stage of the value addition chain, with a provision to allow input tax credit (ITC) on tax paid at an earlier stage, which can be appropriated against the VAT liability on subsequent sale. VAT is intended to tax every stage of sale where some value is added … Read more
Fiscal Policy is that part of Government policy which is concerned with raising revenues through Taxation and other means along with deciding on the level and pattern of expenditure it operates through budget. However, generally the expenditure exceeds the revenue income of the Government. In order to meet this situation, the Government imposes new taxes … Read more