The three types of annual Government budgets based on estimates are Surplus Budget, Balanced Budget, and Deficit Budget. When the revenues are... View Article
The purpose of the revenue budget is to provide information on the sources of revenue for the Government and the revenue expenditure of the... View Article
The 2 main components of revenue budget are Tax and Non Tax Revenue which are known as Revenue Receipts and the other component of revenue budget... View Article
The revenue budget helps us to understand the sources from where the Government is getting their revenue. It shows tax revenues, other revenues... View Article
Applying uniform tax on a large percentage of low income earners than on high income earners is known as regressive tax. Regressive tax imposes... View Article
If two Lorenz Curves intersect, it is not possible to determine which distribution has more inequality. In the lifetime of an individual, there... View Article
The Lorenz curve is applied to find the income inequality in a population. The area between the curve and the equality line is the gini... View Article
The Y-axis represents the income, and the X-axis represents the population. The percentage of wealth or income owned by a percentage of the... View Article
When the unequal distribution of income keeps increasing, the lorenz curve keeps shifting away from the line of equality. The Lorenz curve was... View Article
The Lorenz curve is important because it helps in understanding economic inequality. When the lorenz curve keeps moving away from the baseline it... View Article
The Gini coefficient is used to measure income inequality across a population. It was developed by Corrado Gini, an Italian statistician, in... View Article
The main difference between the Gini coefficient and the Lorenz Curve is that the Gini coefficient helps in measuring the degree of income... View Article
DBT helped in reducing leakages of funds, and removing the delays associated in transfer of funds to the beneficiaries. You can read about the... View Article
Subsidy on LPG gas cylinders cannot be availed by people whose annual income is more than Rs 10 lakhs, it includes combined earnings of husband... View Article
Full Form of DBT is Direct Benefit Transfer. Government has been using DBT on a regular basis since 2013, to transfer the cash directly into the... View Article
DBT stands for Direct Benefit Transfer and DBTL stands for Direct Benefit Transfer for LPG. Direct Benefit Transfer (DBT) was launched by the... View Article
Direct Benefit Transfer (DBT) was launched by the Government of India in January, 2013. Here the money will be directly transferred to the bank... View Article
As per RBI, if any person is interested in availing Direct Benefit Transfer, the Aadhar number of the customers should be obtained by the banks... View Article
Yes, the Small Finance Banks are regulated by the Reserve Bank of India (RBI). Small finance banks are governed by Banking Regulation Act 1949,... View Article
Earlier,State Bank of Sikkim was not not under the regulatory purview of the Reserve Bank of India (RBI). Recently, even State Bank of Sikkim was... View Article
