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What do you think is the purpose and importance of taxation?
Taxation is important for an economy for raising fund for meeting the public expenditure.For a country like India ,we are usually adopting deficit budget,we have to find additional fund every year. Again it is an important tool for ensuring social equality.
Meaning of ad-hoc treasury bills?
ad-hoc bills are those bills which are issued by the govt.of India to RBI in order to set right the deficit i advance
Who introduce budget to loksabha?
The Union Budget is introduced in the Lok Sabha by the Finance Minister of India. This process typically occurs annually, usually in February, and outlines the government's expenditure and revenue plans for the upcoming financial year. The budget needs to be approved by the Lok Sabha before it can be implemented.
What is the length of the financial year for the budget speech?
The length of the financial year for the budget speech typically spans 12 months, beginning on April 1 and ending on March 31 of the following year. This structure is commonly used in many countries, including India, where the budget speech outlines the government's fiscal plans and priorities for that financial year.
Why Indian rupee is not being strong then us dollar?
Indian rupee is not being strong then U.S dollar because of the exporting falling and India dependence on foreign flows.Other factors include the slow growth of the economy and the fiscal deficit.
Why always Indian have deficit budget?
Indian economy operates at deficit budget because India is a growing economy and a deficit budget alway boosts the economy.Indian economy is a planned economy where the Fiscal budget of total expenditure is always higher than total budget receipts and capital receipts excluding borrowings.
What is primary deficit?
Primary deficit is the gross deficit which is obtained by subtracting interest payments from budget deficit of any country of a particular year. We need to know the value of primary deficit, while calculating the fiscal deficit.Alternative Definition of Primary DeficitPrimary deficit corresponds to the net borrowing, which is required to meet the expenditure excluding the interest payment.Primary Deficit = (Fiscal Deficit - Interest Payment)Statistical reports: Primary deficit ( in India)In the fiscal year 1999-2000: primary deficit was (-) Rs.2598.72 croreIn the fiscal year 2000-2001: primary deficit was (-) Rs.1038.38 croreIn the fiscal year 2001-2002: primary deficit was (-) Rs.2598.72 croreOver the last few year the fiscal status of India has improved. In the fiscal year 2006-07, the revenue deficit in India was 2%, primary deficit was 0.1% and fiscal deficit was 3.7 percent. The government of India budget for 2007-08 predicts a revenue deficit of 1.5%, primary deficit of -0.2% and fiscal deficit of 3.3 percent.
What is the reason for fiscal deficit in India?
The fiscal deficit in India is not fundamentally different from the fiscal deficit in any other country. The public always wants more government spending but they do not want more government taxes. The government attempts to oblige, by borrowing money. The result is a deficit.
Is India a trade deficit or trade surplus?
deficit
What is India's current deficit rete?
India's fiscal deficit amounts to 4.5% or 1,39231 crore ($32b).
Why is it important to solve macroeconomic problems in Indian economy?
Macroeconomic problems in India's economy can have an effect on all nations. When India has a large budget deficit it causes financial difficulties that effect all nations.
What can the government do to make up for budget deficits?
Deficit financing is defined as financing the budgetary deficit through public loans and creation of new money. Deficit financing in India means the expenditure which in excess of current revenue and public borrowing. The government may cover the deficit in the following ways.By running down its accumulated cash reserve from RBI.Issue of new currency by government it self.Borrowing from reserve bank of India and RBI gives the loans by printing more currency notes.
What enables the government to make up a budget deficit?
Deficit financing is defined as financing the budgetary deficit through public loans and creation of new money. Deficit financing in India means the expenditure which in excess of current revenue and public borrowing. The government may cover the deficit in the following ways.By running down its accumulated cash reserve from RBI.Issue of new currency by government it self.Borrowing from reserve bank of India and RBI gives the loans by printing more currency notes.
What is the relationship between current account deficit and inflation management in India?
The larger the deficit the more inflation there will be. The government will print more money in the hopes of being able to get out of the deficit easier.
How Pakistan finance its trade deficit related to other countries?
israel and India
Which is the highest budget movie of India?
ra one is the highest budget movie
What do you think is the purpose and importance of taxation?
Taxation is important for an economy for raising fund for meeting the public expenditure.For a country like India ,we are usually adopting deficit budget,we have to find additional fund every year. Again it is an important tool for ensuring social equality.
