Capital receipts refer to funds received by the government that do not recur. They include loans, disinvestment proceeds, and recovery of loans. These receipts are crucial for financing capital expenditure. They differ from revenue receipts, which are regular income sources. Understanding capital receipts is essential for analysing a government's financial health and planning for future investments.
Revenues received by Government by way of taxation like income-tax, central excise, custom, land revenue (tax revenues) and other receipts are credited into the Consolidated Fund. Likewise, all...
A bill that relates to the revenue or expenditure is a financial bill. "Those bills which make provisions for any of the matters specified in the Money Bills...
Appropriation means assignment to meet specified expenditure of funds included in a primary unit of appropriation. Appropriation Accounts: Appropriation Accounts present the total amount of funds (original and...
India's Finance Minister, Nirmala Sitharaman, recently announced a transformative decision to allow both listed and unlisted domestic companies to directly list their equity shares on the International Financial...
The concept of Electronic Gold Receipts (EGRs) has been introduced as a new investment option in India. EGRs are a new form of investment that represents gold in...
The pattern of land distribution, ownership and management, also the institutional and social structure of the agro-based economy. Agricultural extension services Services offered to the farmers, usually by...
A tax is a compulsory payment levied on the persons or companies by the State to meet the expenditure incurred on conferring common benefits upon the people. Tax...
Annual Financial Statement shows estimated receipts and expenditure of the Government. The receipts and disbursements are shown under the three parts, in which Government Accounts are kept, viz....
The Direct Taxes Code Bill, 2010 introduced in Parliament, seeks to consolidate and amend the laws relating to all direct taxes, that this income-tax, dividend distribution tax, and...
The Planning Commission constituted the High Level Expert Committee (HLEC) on Efficient Management of Public expenditure under the Chairmanship of Dr. C. Rangarajan. The terms of reference were:...
