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The revenue deficit refers to the excess of the government’s revenue expenditure over revenue receipts. Revenue deficit = Revenue expenditure – Revenue receipts. The revenue deficit includes only such transactions that affect the current income and expenditure of the government. It is the difference between the government’s total expenditure and its total receipts excluding borrowing. Gross fiscal deficit = Total expenditure – (Revenue receipts + Non-debt creating capital receipts). The fiscal deficit will have to be financed through borrowing. Thus, it indicates the total borrowing requirements of the government from all sources. The goal of measuring the primary deficit is to focus on present fiscal imbalances. It is simply the fiscal deficit minus the interest payments. Gross primary deficit = Gross fiscal deficit – Net interest liabilities.
Nothing is an offence which is done
Which of the following penalty can be imposed for contravention of the provisions of FEMA?
According to the Airport Authority of India Act ______________means a landing and taking off area for aircrafts, usually with runways and aircraft maint...
An application for setting aside an arbitral award can be made as per Section________ of the Arbitration and Conciliation Act, 1996.
According to the Constitution of India, who constitutes the electoral college for the election of the President?
The question is, what was the cause of wreck of ship. A protest made by the Captain, whose attendance cannot be procured is
Nothing in Art. 15 shall prevent the state from making any special provisions for women and children is mentioned in which provision of the constitution?
Which of the following is not an exception to the general principle that ‘hearsay evidence is no evidence’ ?
As per Sales of Goods Act goods means every kind of moveable property other than actionable claims and money; and includes __________________
The definition of movable property under IPC excludes______________________
