Wednesday, July 30, 2014
RINL
Rashtriya Ispat Nigam Limited(RINL) also called Vizag Steel, is a Navratan profit making company. its disinvestment may be taken up soon
sikh gurdwara act
The Punjab & Haryana HC had issued notices to the Centre and governments of Himachal Pradesh, Punjab, Haryana and Chandigarh on a petition challenging the Haryana Sikh Gurdwara (Management) Act, 2014.
The court asked the governments to let it know whether the Sikh Gurdwara Act, which came into force 90 years back, was enacted as a central or state subject.
the akali Movement
The Akali movement in 1920s led to the introduction of Sikh Gurdwara Bill in 1925, which placed all gurudwaras in India under the control of Shiromani Gurdwara Parbandhak Committee (SGPC). before this gurudwaras were under control of syncretic Udasi Mahant , who were of a different denomination. Udasis differed from mainline Sikhs
Monday, July 28, 2014
Revenue Budget
Revenue Budget. It consists of the revenue receipts of Govt (tax revenues and other revenues)
and the expenditure met from these revenues. Tax revenues comprise proceeds of taxes and other
duties levied by the Union.
The estimates of revenue receipts shown in the Annual Financial Statement take into account the effect of various taxation proposals made in the Finance Bill.
Other receipts of Government mainly consist of interest and dividend on investments made by Government, fees, and the receipts for services rendered by Government. Revenue expenditure is for the normal running of Government departments and various services, interest payments on debt, subsidies, etc.
Broadly, the expenditure which does not result in creation of assets for Government of India is treated as revenue expenditure.
All grants given to State Governments/Union Territories and other parties are also treated as revenue expenditure even though some of the grants may be used for creation of assets.
and the expenditure met from these revenues. Tax revenues comprise proceeds of taxes and other
duties levied by the Union.
The estimates of revenue receipts shown in the Annual Financial Statement take into account the effect of various taxation proposals made in the Finance Bill.
Other receipts of Government mainly consist of interest and dividend on investments made by Government, fees, and the receipts for services rendered by Government. Revenue expenditure is for the normal running of Government departments and various services, interest payments on debt, subsidies, etc.
Broadly, the expenditure which does not result in creation of assets for Government of India is treated as revenue expenditure.
All grants given to State Governments/Union Territories and other parties are also treated as revenue expenditure even though some of the grants may be used for creation of assets.
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