Budget as a political instrument; Parliamentary control of public expenditure; Role of finance ministry in monetary and fiscal area; Accounting techniques; Audit; Role of Controller General of Accounts and Comptroller and Auditor General of India. 10. Administrative Reforms since Independence : Major...
Check the Notes of Polity for Competitive Exams here. Functions of the Public Accounts Committee The PAC examines the accounts that show how the money granted by the Parliament has been spent by the government. This includes the appropriation of funds, annual Finance Accounts, and other relevant...
Public debt is the total amount borrowed by the Government to finance its development activities. Internal loans comprise more than 90% of the loans taken by the Central Government. The different sources of public debt are short-term borrowings, external assistance, treasury bills dated government ...
This may explain the hesitation to privatise some of the largest loss-making PSUs — Air India, the BSNL and MTNL — as the embarrassment threshold may not have been reached as yet. Meeting fiscal targets The Finance Minister’s disinvestment target of a little over a lakh...
Exam Name: UPSC IAS Mains Public Administration (Paper-II) Marks: 250 Time Allowed: 3 Hours Q4.(a) As a constitutionally mandated body the Finance Commission stands at the centre of fiscal federalism. Evaluate the role of Finance Commission in ensuring just and equitable resource sharing among ...
• Financial powers:The governor causes the annual budget of the state to be laid before the state legislature. The governor can also make advances from the contingency fund of the state to meet any unforeseen expenditure. The governor constitutes a finance commission every five years to review...
subsequently announced by Finance Minister Nirmala Sitharaman. The second speech was an address to the annual session of Confederation of Indian Industry. In both cases, the Prime Minister emphasised the idea of “Atmanirbhar Bharat” (self-reliant India). But, what does Atmanirbhar Bharat really...