Notes and Study material for Exams
Kerala economy is grappling with 3 necessary issues; one is the reduction within the share of agriculture and allied sectors and sluggish performance of Industrial Sector in State income. The third is that the severe resource crunch faced by the state for endeavour development expenditure. In 2004-05, the share of agriculture and business in … Read more
West Bengal PUBLIC FINANCE and Fiscal Policy West Bengal government’s finances are the worst among 5 highly-indebted states of India. the entire debt burden of province is near rupees two lakh crores implying that the debt burden of each citizen of the state is over twenty thousand rupees (The Times of India, May 30, 2011) … Read more
West Bengal: Tax and Economic Reforms During the last two decades West Bengal has led the rest of the country with regard to agricultural performance and implementation of panchayat institutions. But these developments have begun to level out. At the same time the state has fallen behind in other sectors–Industry, higher Education and state of … Read more
India has a well developed Taxation structure. The tax system in India is mainly a three tier system which is based between the Central, State Governments and the Local Government organizations. In most cases, these local bodies include the local councils and the municipalities. According to the Constitution of India, the government has the right … Read more
Uttar pradesh budget 2020-21 Uttar Pradesh govt total budget 2020-21 UP govt presents Rs 5,12,860 crore budget for FY 2020-21 in state assembly on 18th February 2020. Budget 2020-21 provisions for Women and child welfare There is a Provision of Rs. 1200 crore under ‘Mukhyamantri Kanya Sumangla Yojna’. An amount of Rs. 1432 crore proposed … Read more
Himachal Pradesh PUBLIC FINANCE and Fiscal Policy In public finance we study the finances of the Government. Thus, public finance deals with the question how the Government raises its Resources to meet its ever-rising expenditure. As Dalton puts it, public finance is concerned with the income and expenditure of public authorities and with the adjustment … Read more
Bihar budget 2020-21 GDP The Growth rate of Bihar’s GSDP (at constant prices) was 10.5% in 2017-18 and 2018-19, higher than the GDP growth rate of the country in both years. The Fiscal Deficit Fiscal deficit is the amount left by subtracting revenue receipt, recoveries of loans and advances and repayment of Public Debt from … Read more
The constitution (73rd and 74th) Amendment Acts, 1992 and ARTICLE 280 (3) (c) have altered the erstwhile fiscal devolution system and framework between the states and local governments. Under the new fiscal devolution system every State Government is required to constitute, once in five years, a Finance Commission under articles 243 (I) and entrust it … Read more
Andhra pradesh budget 2019-20 Economic outlook of Andhra pradesh GDP The Growth rate of Andhra Pradesh’s GDP (at current prices) has marginally decreased from 15.4% in 2016-17 to 15.3% in 2018-19. Fiscal Deficit In 2019-20, Andhra Pradesh’s fiscal deficit is estimated to be Rs 35,261 crore, which is 3.3% of the GDP. The estimate is … Read more
Issues of finance, ownership, operation and maintenance of all kinds of Foreign Direct Investment under automatic route in the construction development sector. High capital intensity, low operating cost, higher gestation period, near absent risk mitigation measures, difficulties in getting Environment clearance, inability to generate direct adequate income streams to selffinance are some of … Read more