The Consolidated Fund is a key financial account in India. It holds all revenues, loans, and money received by the government. This fund is crucial for government expenditure. It is established under Article 266 of the Indian Constitution. Parliament controls its use. The fund ensures transparency and accountability in public finance. It plays a vital role in the country’s economic management.
The Indian government has recently granted an exemption from the 15 percent Agriculture Infrastructure and Development Cess (AIDC) on imports of LPG (liquified petroleum gas), including liquified propane...
Aadhaar is a unique identification number issued to resident individuals in India under the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016. This...
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 Union Labour Secretary's recent pronouncement negates the diversion of funds from the Employees' State Insurance Corporation (ESIC) to cover worker wages or assist employers during the Covid-19...
The outbreak of the Revolt of 1857 was not a single coordinated event, but rather a chain of escalations that transformed localized military resistance into a widespread popular...
