Aartee Mishra is teaching live on Unacademy Plus
Daily Lecture Series Ramesh Singh's nar unacademy Indian Economy Public Financein India By Aartee Mishra Hindis
I am Aartee Mishra Graduated from Delhi University, Topper in all my semesters, Pursuing P.G and preparing for CSE. 2 Years of teaching experience of General Studies for competitive examination Have been teaching on Unacademy Plus
Revenue: Every form of money generation in the nature of income, earnings are revenue for a firm or a government which do not increase financial liabilities of the government, i.e., the tax incomes, non-tax incomes along with foreign grants. Non-revenue: Every form of money generation which is not income or earnings for a firm or a government (i.e., money raised via borrowings) is considered a nonrevenue source if they increase financial liabilities Receipts: Every receiving or accrual of money to a government by revenue and nonrevenue sources is a receipt. Their sum is called total receipts. It includes all incomes as well as non-income accruals of a government. Revenue Receipts: Revenue receipts of a government are of two kinds-Tax Revenue Receipts and Non-tax Revenue Receipts-consisting of the following income receipts in India:
Non-tax Revenue Receipts This includes all money earned by the government from sources other then taxes. In India they are: (i) Profits and dividends which the government gets from its public sector undertakings (PSUs). (ii) Interests recieved by the government out of all loans forwarded by it, be it inside the country (i.e., internal lending) or outside the country (i.e., external lending). It means this income might be in both domestic and foreign currencies i) Fiscal services also generate incomes for the government, i.e., currency printing, stamp printing, coinage and medals minting, etc. . . .(iv) General Services also earn money for the government as the power distribution, irrigation, banking, insurance, community services, etc. . (v) Fees, Penalties and Fines received by the government. .(vi) Grants which the governments receives-it is always external in the case of the Central Government and internal in the case of state governments.
NCERT Class 6-12 Intensive Coverage of All the Subjects Prelims & Mains Subjects Covereds Aartee Mishra Course Starting from, 31st Aug 730pm-900pm Polity: Governance, Society, Public Administration Geography: Indian and World Geography, All Important Maps, Physical and Political Features, Disaster Management History: Ancient, Medieval, Modern with Art & Culture Economics: Basic Concepts, Understanding Economic Development Science: Important Chapters of Environment and Ecology on Unacademy Plus
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