Economic Survey 2024-25: Notes & Mindmap
The Economic Survey is the flagship annual document of the Ministry of Finance, presenting a detailed analysis of India’s economic performance, policy initiatives, and future…
Government Budgeting
Distinguish between Capital Budget and Revenue Budget. Explain the components of both these Budgets. (150 words) [2021]
Capital budget and revenue budget are two main types of budgets used to plan and manage the financial resources of the government. The main differences…
Explain the rationale behind the Goods and Services Tax (Compensation to States) Act of 2017. How has COVID-19 impacted the GST compensation fund and created new federal tensions? (250 words)
The Goods and Services Tax (Compensation to States) Act of 2017 was enacted to provide compensation to states for any loss of revenue arising from…
The public expenditure management is a challenge to the government of India in the context of budget-making during the post-liberalization period. Clarify it. (250 words)
Public expenditure management refers to the processes and systems used by the government to allocate and manage public resources. In the context of budget-making during…
Enumerate the indirect taxes which have been subsumed in the Goods and Services Tax (GST) in India. Also, comment on the revenue implications of the GST introduced in India since July 2017. (250 words)
Goods and Services Tax (GST) is a comprehensive indirect tax system introduced in India on 1st July 2017. It subsumed various indirect taxes that were…
Comment on the important changes introduced in respect of the Long-term Capital Gain Tax – (LCGT) and Dividend Distribution Tax (DDT) in the Union Budget for 2018-2019. (150 words)
The Union Budget for 2018-19 brought significant changes in the Long-term Capital Gain Tax (LCGT) and Dividend Distribution Tax (DDT). The reintroduction of a 10%…
One of the intended objectives of Union Budget 2017-18 is to ‘transform, energize and clean India’. Analyse the measures proposed in the Budget 2017-18 to achieve the objective. (250 words)
The Union Budget 2017-18 aimed to “transform, energize, and clean India” through various measures. Some of the key proposals in the budget to achieve this…
