GS-III: Government Budgeting

Examine the need of multi-year budgeting in the context of India.

India has been facing many issues in budgetary resource allocation, budget preparation and implementation. Multi-year budgeting is one of the areas being discussed as a solution. Pros of multi-year budgeting: Long term policy predictability. Reduced populism due to infrequent changes. ..

Topics: 

For making Public Finance Management effective, India needs to reengineer its present system and make a transition towards outcome-based budgeting. Analyze.

The outcome-based budgeting system focuses on the qualitative outcomes of the budgetary expenditures. Need for present system to be re-engineered: Bottom up approach leading to high transaction costs. Outlays based budgeting lacks proper outcomes in terms of substantial gains on ..

Topics: 

Discuss the options explored by the government to recoup loss from the proposed corporate tax cuts

The reduction in corporate tax rates proposed by the Ministry of Finance is set to cost Rs 1.45 lakh crore annually. In order to compensate for revenue loss due to the proposed corporate tax rate cuts, the Ministry of Finance is working ..

Topics: 

The government should use the cess proceeds and publish an annual account of how they have been spent. Examine.

The season of filing tax returns enumerates the accountability of the private sector towards the government. The season also brings to light the sense of accounting and accountability for the citizens. Thus, the same principles need to be applied to ..

Topics: 

The Economic Survey 2017-18 discusses about the so called "son meta-preference"prevailing among Indian parents. Throw light on the positive and negative implications of such phenomenon on demography.

The Economic Survey 2017-18 refers to tendencies among Indian parents who are opting to continue having children until they have a son or desired number of son. This so called “son meta preference”. Positive Implications Gender ratio: The survey finds ..

Topics: 

Critically discuss the significance of the Economic Survey findings on sex ratio of the last child (SRLC) and so called "son meta preference"and "unwanted girls"in India.

The preference for sons and strict legal enforcement of PCPNDT act has led the parents to continue having children until they have a son or desired number of son. This so called “son meta preference” has avoided sex-selective abortion, but ..

Topics: