Arijit Basu Chowdhury is teaching live on Unacademy Plus
ECONOMICS Indian Fiscal System ARIJIT BASU CHOWDHURY Target WBCS(EXECUTIVE)
About Me Graduate in History from St.Paul's Cathedral Mission College, Kolkata Interests: Fitness, Current Affairs ,Burning Issues, Music, News Analysis . You can follow me on UNACADEMY https:/lunacademy.com/userlArijitBasuChowdhury Life has two rules: 1) Never quit. 2) Always remember Rule #1 . Rate, Review & Recommend
Indian Fiscal System Non-Tax Revenue Profit Dividend Money which the Government earns as "Dividends and profits" from its profit making public enterprises (PSUs). Interest Receipts: Interest which the Government earns on the money lent by it to external or internal borrowers. Thus this revenue receipts may be in foreign currency as well as Indian Rupees. The important source of these receipts are 1. Loans to state Governments and Union territories 2. Indian Railways 3. Department of telecommunication 4. Coo-Operative and government servants Fiscal Service The money which the government receives out of its fiscal services such as stamp printing, currency printing, medal printing etc.
Indian Fiscal System Money which the Government earns from its "General Services" such as power distribution, irrigation, banking services, insurance, and community service etc. which make the part of the Government business. Money which the government accrues as fees, fines, penalties etc Fiscal Services: 1. Circulation of Coins 2. Difference between the face value of coins and their manufacture cost 3.Penalties realized against economic offences Other General Service 1. Examination fees of UPSC,WBCS,SSC 2. Sales of forms , Passport and gazettes 3.Police supply to the states (CRPF,ITBP,CISF and BSF) . Social Service 1.Advertisement of Doordarshan and AIR, 2. Entry fees at the Museum 3.Public Health Centers Economic Service : 1.Animal Husbandry 2. Dairy and Fisheries 3. Forest and Tourism