Mains-63: Government Budgeting

25 Comments

  1. himanshu2015

    November 20, 2015 at 3:25 pm

    Sir, For this month, any further documents will be uploaded after govt. budgeting 1? Your answer will be helpful to schedule my revision plan and optional part.

    • Suresh Soni

      November 20, 2015 at 3:32 pm

      Yes, Government Budgeting 2 and Economic Planning, Growth and Development documents to finish milestone-1. However, Prelims Test Questions to be from these modules up to GB-1 only. Milestone-2 content would take lesser time because I have been working on that part since January this year.

  2. himanshu2015

    November 20, 2015 at 3:34 pm

    Thank you for quick reply Sir. Your answer helps me.

  3. TADELA VIDYA SAGAR

    November 20, 2015 at 5:24 pm

    Sir, are you going to frame questions from the 8 Banking and Finance related topics that you uploaded for the next test ?!

    If not, can you specify the topics that will be asked.
    Thank You….

  4. Kanika Sharma

    November 20, 2015 at 5:41 pm

    sir,could you please upload the time table for the scheduled notes,so that aspirants can divide their time accordingly and could give ample time to GKT too.Thanks in advance,sir.

    • Suresh Soni

      November 20, 2015 at 6:29 pm

      Hello Kanika, sure, a module wise rough time table I shall upload in next week.

  5. Prashantshivamarya

    November 20, 2015 at 6:04 pm

    Sir will land reforms, investment model and inclusive growth of module 1 be done? And are we not going behind schedule, I mean the stipulated time of finishing module?

    • Suresh Soni

      November 20, 2015 at 6:37 pm

      Yes. these topics are to be covered. We are behind schedule and I apologize for this; the only thing is that more time we have taken in Economy part than planned, mainly because we wanted to produce inclusive and comprehensive documents; so each document took at least 48 hours to get ready. Milestone 2 and 3 would take less time than mentioned in milestones scheduled.

  6. monojdas.prep

    November 20, 2015 at 11:57 pm

    there was one Indian industries 1 document. Will there be any part 2 of this?

    • Suresh Soni

      November 21, 2015 at 11:18 am

      Hello monoj, yes, there is one more document with Iron and Steel industry and summary of sectors discussed in Make in India website for Prelims only.

  7. PoojaGKT

    November 21, 2015 at 8:06 pm

    Sir, Kindly address the following doubts:-

    1. On pg 10, under Borrowings by the Govt, you mentioned about ‘Central and State Government Securities’. Are you talking about buying back G-Secs from the market using fund drawn from Public Account of India?
    2. Under Fiscal Deficit, you mentioned that it is met with borrowings from public. But won’t it lead to more fiscal deficit? Are you referring to increasing the interest rates on the loans given by govt to public?
    3. Under Deficit Financing, under BoP, what is ‘financial capital’ and ‘financial transfers’, that are used to calculate BoP?
    4. I am not very clear on the difference between External Borrowing and Sovereign Debt. How is ECBs cheaper in the long term? (Mentioned under Deficit Financing)

    Thank You!

    • Suresh Soni

      November 24, 2015 at 12:50 pm

      Hello Pooja,
      1. Yes. NSSF invests the net collections of small savings in the special State Government securities (SSGS) as per the sharing formula decided by the Government of India. The remaining amount is invested in special Central Government securities (SCGS) with the same terms as that for the States. These securities are issued for a period of 25 years, including a moratorium of five years on the principal amount. Apart from my website, it is also discussed here in same way.
      2. I have written this: Excessive domestic borrowing by the government may lead to higher real interest rates and the domestic private sector being unable to access funds resulting in the “crowding out” of private investment.
      3. financial capital is transfer of investment to and from abroad. Financial transfers is transfer of money.
      4. External borrowing is borrowing from abroad. Sovereign debt is debt on government which includes external as well as internal debt.

  8. Guptahoney

    November 23, 2015 at 11:39 am

    Hello Suresh, is this government budgeting pdf suffice for mains syllabus?

    • Guptahoney

      November 23, 2015 at 11:43 am

      Hello Suresh sir, is this government budgeting pdf suffice for mains syllabus?

      • Suresh Soni

        November 23, 2015 at 11:55 am

        Hello Honey, no. Mains document is Government Budgeting-2 with direct / indirect tax comparisons, transfer pricing, round tripping, tax avoidance, GAAR, Shome Panel, Direct Tax Code, GST etc. Will positively update by evening.

  9. Guptahoney

    November 23, 2015 at 12:04 pm

    Thankyou sir.

  10. Sarveshhans

    November 23, 2015 at 5:09 pm

    Sir,kindly provide tentative timeline to be followed for Completing and uploading modules.
    This will help us in synchronizing out studies and personal targets with module timetable.
    Also ,sir I am not receiving mail.even not in spam folder. For last budget 1 document I dint receive any mai in my inbox.
    Thanks

  11. Anupriya

    November 24, 2015 at 2:27 am

    sir definition of Primary deficit is given wrong on page no 8 of Government Budgeting-1 document.

  12. dubledoreslair

    December 2, 2015 at 12:59 pm

    Dear Sir,

    When are you going to upload Economic Planning, Growth and Development module ?

  13. shaanu130

    January 2, 2016 at 10:37 am

    sir plaese provide mains questions for government budgeting1…thank you

    • shaanu130

      January 2, 2016 at 10:42 am

      sir in government budgetng-1page no12 from last 4th line says that govt. prints too much money,its purchasing power goes down…is its purchasig power goes up or down?

      • Suresh Soni

        January 2, 2016 at 10:49 am

        Hello Shaanu, It would decrease. Understand by simple example. Suppose there is Rs. 100 in system; goods worth Rs. 100 would within reach then. However, suddenly Rs. 100 more are supplied into the system, and due to increased money supply without increasing the good, this would result in Rs. 200 chasing for good worth Rs. 100. This would result in a direct 50% lose in purchasing power of Rupee.

  14. shaanu130

    January 2, 2016 at 11:34 am

    now i understand the concept well…..thank you so much sir…………….

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