Public Finance

Back-to-Back Loans

June 9, 2017

Back-to-Back loan is also known as Parallel Loan or Credit Swap Loan. To understand this concept we need to imagine the following: An Indian Parent company having a subsidiary abroad (Suppose US) A Foreign (US) Parent company having a subsidiary in India We assume that the foreign parent company...

Incremental Budgeting

November 23, 2015

Incremental budgeting is a way of budgeting where the future allocations are based on current allocations. The new budget is prepared by increasing or decreasing the current budget by certain amounts or percentages. The increased amounts are arrived through a fairly simple calculation and the scope for political conflicts...

Large Taxpayer Unit

December 22, 2014

A Large Taxpayer Unit (LTU) is a self-contained tax administration office under the Department of Revenue.  It acts as a single window clearance point for all matters relating to central excise, income tax/corporate tax and service tax. Entities would be able to file their excise return, direct taxes returns...

Zero-based Budgeting

February 12, 2013

Zero-based budgeting is a method of budgeting in which all expenses for each new period must be justified. Under zero-based budgeting, no reference was made or considered of previous years. The budget request has to be evaluated thoroughly with its commencement from the zero-base. Evolution of zero-based budgeting (ZBB)...