Page-2 of GS-III: Government Budgeting

India does not have a Parliamentary Budget Office so far? What are different proposals towards this and how establishment of a Parliamentary Budget office can help? Discuss highlighting major issues.

Parliamentary budget office is a body directly linked to Parliament which independently and impartially analyses budgets and public finances and reports to parliament. Currently the budget is laid in the parliament and discussed in both the houses. This does not ..

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Critically analyze the shortcomings of the budgetary approach to environmental protection in India while suggesting way forward.

Though the budgetary allocations to the Ministry of Environment, Forest and Climate Change (MoEFCC) has increased by 18.88% from the previous year’s allocation, issues like wildlife conservation, pollution abatement and related areas require immediate policy intervention. Shortcomings in the budgetary ..

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The question of changing financial year in India {from April-March to January-December} has been considered several times in the past. What are pros and cons of this particular reform on Government Budgeting? Discuss explaining why governments so far did not favour any change in financial year.

Currently, the financial year followed by India runs from 1st April to the following 31st March. The issue of changing the financial year was last examined by the L K Jha Committee in 1985, however, the recommendation was not accepted ..

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With respect to Government Budgeting in India, differentiate between (1) votes on account and votes of credit (2) Excess grant and Exceptional grant.

Vote-on-account- literally means a vote on the accounts of the government. During elections and till a new government takes over, the caretaker government needs funds for various routine items of expenditure — like staff salaries — without which there would ..

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"Open and participatory budget making is imperative for good governance; yet by international standards India fares badly on this count."Discuss critically.

Model Answer: Union Budget affects almost every section of the economy ranging from poor to rich. Participatory budgeting is the process by which citizens deliberate and negotiate over the distribution of public resources. It creates opportunities for engaging, educating and ..

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Assess the efforts by state and union towards Gender Budgeting while throwing light on its benefits.

Model Answer: Gender Budget Initiatives are attempts to disaggregate the government’s mainstream budget according to its impacts on women and men. The concept of gender budgeting is a nineties’ trend that has been introduced mostly in Commonwealth countries. Australia was ..

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