In this article we will discuss about the Central Government of India:- 1. Revenues of the Central Government 2. Expenditure of the Central Government. Revenues of the Central Government: The budget of the Central Government is constituted by: (a) Revenue budget, i.e., the estimates of receipts and disbursements on Revenue Account and (b) Capital budget […]
Central Government: Revenues and Expenditures (With Statistics)
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Essay on Value Added Tax (VAT) in India
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In this essay we will discuss about Value Added Tax (VAT) in India. After reading this essay you will learn about: 1. Origin of VAT 2. Meaning of VAT 3. Implementation 4. Empowered Committee on VAT and its Efforts 5. Highlights of VAT implemented from 1st April, 2005 6. VAT Regime. Contents: Essay on the […]
Fiscal Responsibility and Budget Management Act (FRBMA)
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In this article we will discuss about Fiscal Responsibility and Budget Management Act (FRBMA):- 1. Introduction to FRBMA 2. Features of FRBMA 3. Measures. Introduction to FRBMA: The Committee on Fiscal Responsibility Legislation was constituted on 17th January, 2000 to go into various aspects of the fiscal system and recommend a draft legislation on fiscal […]