Public Account Current Affairs, GK & News

Avalokana Software launched in Karnataka

The Karnataka Chief Minister B S Yediyurappa recently launched Avalokana software. The software will enable the state government to access data on expenditures and sanctions incurred on 1,800 programmes. Avolokana software It is a transparent e-governance tool that will provide Assembly constituency wise release of government grants and allocations to different government programmes. This will ..




What is Capital Budget?

Capital Budget is comprised of the capital receipts and payments along with transactions in the Public Account. The receipts in this account are basically the loans which have been raised by the government from the Reserve Bank of India via treasury bills, foreign bodies and governments and even the recoveries of loans which have been ..


What is an Annual Financial Statement?

Annual Financial Statement is the statement of estimated receipts and expenditures of the Government of India which as mandated by the Article 112 of the Constitution of India should be presented the Parliament by the Government. All the receipts and expenditures are categorised into three parts namely: Consolidated Fund Contingency Fund Public Account The Constitution ..