What do you mean by tax reform?
Tax reforms means changing the way taxes are managed or collected. Tax reforms involve making the system more accountable, and... View Article
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How is the budget prepared?
The Ministry of Finance in consultation with other Ministries and NITI Aayog prepares the Union Budget. The nodal body for... View Article
Who is known as the father of the Indian budget?
K. Shanmukham Chetty presented the first ever budget of Independent India on 26th November 1947. Before independence, it was British... View Article
Which budget is used by the government?
Currently one can say that the budget presented by the Government is deficit budget. Rs 34,83,236 crore is the proposed... View Article
Which type of budget is best?
Deficit budgets are better suited for developing economies. Whenever there is a recession, a deficit budget will help in generating... View Article
What are the 2 main parts of a budget?
The 2 main parts of a Government budget are revenue and expenditure of the Government. The Government gets its major... View Article
What are the five types of budgets?
The 5 different types of budgeting used by companies are financial budget, cash flow budget, master budget, static budget, and... View Article
What are the 7 types of budgeting?
The 7 different types of budgeting used by companies are strategic plan budget, cash budget, master budget, labor budget, capital... View Article
What is the Indian budget system?
The Indian budget i.e. the Union Budget was presented on the last working day of February till 2016. Post 2016,... View Article
Which of the budgets is used in India?
Based upon the revenue expected by the Government and based on the estimated expenditure of the Government, the budget of... View Article
What are the different types of budgets?
Government budgets in India are of three different types. Surplus budget, balanced budget, and deficit budget are the three different... View Article
How many types of budgets are there in India?
Based on the estimates there are three types of Government budgets in India, they are, surplus budget, balanced budget, and... View Article
What is the fiscal deficit in 2020?
For 2020-21, the fiscal deficit was at 9.3% of the GDP. In the revised budget estimates, the Government had estimated... View Article
What does deficit of GDP mean?
Fiscal deficit is usually mentioned in absolute terms or as a percentage of GDP. Fiscal deficit means the excess expenditure... View Article
What is Desert Development Programme?
Desert Development Programme was introduced to minimise the adverse effect of drought and control desertification through rejuvenation of the natural... View Article
What are the important elements of Drought Prone Area Programme?
Important elements of Drought Prone Area Programme: Providing employment to the people in drought-prone areas and creating productive assets. Initially,... View Article
What should be the height of an area in the Hill Area Development Programme?
Under Hill area development Programme, the National Committee on the Development of Backward Area in 1981 recommended that all the... View Article
What are the features of the Hill Area Development Programme?
HDAP was initiated during Fifth Five Year Plan. The features of the Hill Area Development Programme are: It covers 15... View Article
What is target area planning?
In order to arrest the accentuation of regional and social disparities, the Planning Commission introduced the ‘target area’ and target... View Article
Why did the Planning Commission introduce target area and target group approaches to planning in India?
The economic development of a region depends upon its resource base. But sometimes resource-rich regions also remain backward. Economic development... View Article
