General Studies

Economic reforms In India Popularly, economic reforms denote the process in which a government prescribes declining role for the state and expanding role for the private sector in an economy. Since independence, India followed the mixed economy framework by combining the advantages of the capitalist economic system with those of the socialist economic system. Over […]

Indian Financial Market We know that, money always flows from surplus sector to deficit sector. That means persons having excess of money lend it to those who need money to fulfill their requirement. Similarly, in business sectors the surplus money flows from the investors or lenders to the businessmen for the purpose of production or

Definition of Deficit The gap between the receipts and expenditure is called deficit. The Government Deficit is the amount of money in the budget set by which the government spending surpasses the revenue earned by the government. This deficit presents a picture of the financial health of the economy. To minimise the deficit or the

Definition of Budgeting Budgeting is the process of estimating the availability of resources and then allocating them to various activities according to a pre-determined priority. Types of Budgeting 1. Performance Budgeting A Performance Budget gives an indication of how the funds spent are expected to give outputs and ultimately the outcomes. A performance budget reflects