Components of Government Budget
The components of budget primarily are Revenue Budget and Capital Budget, further divided in to receipts and expenditure components.
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Budget Documents
The list of Budget documents presented besides the Finance Minister’s Budget Speech, include Annual financial statement, demand for grants and so on.
Government of India’s Accounts
The Government of India’s accounts are organized into three main divisions:
Consolidated Fund, Contingency Fund, Public Account.
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Demand for Grants
Demand for Grants is a request for funds made by various ministries or departments of the government as a part of the budgetary process.
Minimum Support Price(MSP)
The Minimum Support Price(MSP) is set by the GOI for 23 crops to protect farmers from drop in farm prices, MSP is announced based on recommendations from CACP.
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National Income
National Income is the value of production activity of a country. Includes payments made to all factors of production land, labour, capital and enterprise.
Global Hunger Index
The Global Hunger Index is an important indicator of hunger at international and regional levels. Where does India stand in 2024?
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Indian Economy Mains Previous Year Questions
Year Wise 2024 Examine the pattern and trend of public expenditure on social services in the post-reforms period in India. To what extent this has been in consonance with achieving the objective of inclusive growth? What are the causes of persistent high food inflation in India? Comment on the effectiveness of the monetary policy of
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De-dollarization
De-dollarization entails a reduction in the use of the U.S. dollar in world trade and financial transactions. Dollar no longer will be a global currency.
Poverty debates in India
Understanding poverty debates in India is essential in the context of growing debate related to different estimates of poverty in India.
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