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....
The fiscal stimulus (based on Keynesian economics) has been the norm throughout the world to pull countries out of cyclical slowdown. Fiscal stimulus comprises: Tax cuts Fiscal benefits...
India has seen a revolution in the form of digitalization of financial transactions with such a sharp increase in this sector, being equal to what was envisaged to...
Draft National Civil Aviation Policy 2015 proposals are: To replace 5/20 rule with DFC (Domestic Flying Credits) system No scraping of route dispersal guidelines Open Sky Agreement with...
Model Answer: Tax Avoidance means an attempt to reduce tax liability through legal means, i.e. to regulate one’s financial affairs in such a way that one pays the...
Sagarmala project is an initiative of government of India, which aims at port led infrastructure development in all the coastal areas of India to boost the maritime industry...
The Eastern and Western Dedicated Freight Corridors (DFC) are a mega rail transport project with Eastern DFC of 1839Km length and Western DFC with 1499Km length. It will...
Micro-irrigation system is a modern method of irrigation by using drippers, sprinklers, foggers, etc. Micro irrigation refers to delivering water directly at the roots of the plants to...
Strategic disinvestment means that the government is divesting its majority stake from a public sector enterprise (PSE) and transferring its management & ownership to a private entity. Rationale...
Social infrastructure (e.g. health, education, etc) is the key to India’s development as a welfare state in line with constitutional commitments under the directive principles. Role of social...
