Planning Programming and Budgeting System (PPBS) is a technique for optimizing allocation of funds in the budget through exercise of proper choice among programmes which compete for limited resources. It involves three steps: Planning- Identification of goals and objectives Programming- Prioritising the goals Budgeting- Allocation of funds
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Budget in India
Article 112 of the Constitution refers to the budget as the ‘annual financial statement’. The budget is a statement of the estimated receipts and expenditure of the Government of India in a financial year, which begins on1 April and ends on 31 March of the following year. In addition to the estimates of receipts and… Continue reading Budget in India
What are the components of budgets?
Budget constitutes two accounts: Revenue Account shows the current financial year receipts of the government and the expenditure that can be met from these receipts. Capital Account is an account of the assets as well as liabilities of the central government which takes into consideration changes in capital. These two accounts are further classified into… Continue reading What are the components of budgets?
Daily Quiz: UPSC Prelims Marathon Environment (Organizations & National Missions on Environment)| December 2,2020
Good Morning Friends, We are Posting Today’s Prelims Marathon [WpProQuiz 1923]
10 PM Current Affairs Quiz: December 1, 2020
Good Evening Friends, We are posting today’s 10pm Current Affairs Quiz [WpProQuiz 1921]
INDIAN PHARMACEUTICAL SECTOR CHALLENGES AND REFORMS
Source: PIB, Indian Medicine Industry-RSTV , FDI data of Ministry, Mint, Relevance: Recently PM follows up his 3 city visit by a virtual meeting with 3 more vaccine developers based in Pune and Hyderabad Ambassadors of 100 countries are scheduled to arrive in Pune on December 4, to visit Serum Institute of India and Gennova Biopharma. Sweden has already acknowledged India’s role as… Continue reading INDIAN PHARMACEUTICAL SECTOR CHALLENGES AND REFORMS
Gross Happiness Index (GHI)
Gross National Happiness is a term coined by His Majesty the Fourth King of Bhutan, Jigme Singye Wangchuck in the 1970s. Gross national happiness (GNH) measures economic and moral progress as an alternative to gross domestic product measurement in Bhutan. The concept implies that sustainable development should take a holistic approach towards notions of progress and give equal importance… Continue reading Gross Happiness Index (GHI)
Changes brought in GDP calculations in 2015
What is the New GDP Methodology in India? In 2015 Central Statistics Office (CSO) introduced few changes in the GDP calculation. They are: Change of base year from 2004-2005 to 2011-2012 National Statistical Commission advised to revise the base year of all economic indices every five years. Based on that CSO changed the Base year Recently The Ministry of Statistics… Continue reading Changes brought in GDP calculations in 2015
Difference between GVA and GDP
What is the difference between GVA and GDP? Gross value added (GVA) is the value addition done to a product resulting in the production of final product whereas Gross Domestic Product (GDP) is the total value of products produced in the country. While GDP gives a picture of whole economy, GVA gives pictures at enterprises,… Continue reading Difference between GVA and GDP
Gross value Addition (GVA)
What is Gross Value Added ? The term that is used to denote the net contribution made by a firm is called its value added The raw materials that a firm buys from another firm which are completely used up in the process of production are called ‘intermediate goods’. Therefore Value added of a firm… Continue reading Gross value Addition (GVA)
