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 . In India, the Budget is presented to Parliament on such date as is fixed by the President. Between 1999 to 2016, the General Budget was presented at 11 A.M. on the last working day of February. However, since 2017, the Indian Budget is presented on 1 February Types of Budget Zero Based Budget: Zero-based budgeting is a method of budgeting in which all expenses for each new period must be justitied. Under zero-based budgeting, no reference was made or considered of previous years. The budget request has to be evaluated thoroughly with its commencement from the zero-base.
Indian Fiscal System Gender Budget: . It Came into being in 2004-2005 A gender budget is not a separate budget for women. Instead, the gender budgets are an attempt to assess government priorities as they are reflected through the budget and examine how they impact women and men Gender budgets look at what the impact of the spending is on men and women and whether or not budgets respond to the needs of both women and men adequately . "Women's budgets", "gender budgets", "gender-sensitive budgets", and "gender responsive budgets" are all terms that are used to describe initiatives that have used gender as lens from which to analyse budgets at national, regional, and civic levels.
Indian Fiscal Svstem Capital Budget comprises of: Capital Receipts: These are the loans which are taken by the government form the Reserve Bank of India(RBI), public (market loans), through the sale of treasury bills, loans from foreign countries or banks Capital Payments . All the expenditure for acquiring various assets like machinery, land, technology, investment is share market and the loans acquiring various assets like machinery land, technology, investment is share market and the loans acquired by the state government from the centre are called capital payments. Objectives of Capital Budget Assessment of the source of capital expenditure Find the amount of capital required for capital expenditure Selection of projects/ schemes for capital investment