BANKING GENERAL KNOWLEDGE
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Question
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Expensable Management Committee
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Expenditure Management Commission
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Expedia Management Commission
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Expenditure Maximum Commision
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Detailed explanation-1: -Budget Estimates Total expenditure of Rs 1, 794, 892 crore (US$ 299.49 billion) estimated. Gross Tax receipts of Rs 1, 364, 524 crore (US$ 227.68 billion) estimated. Net to centre of Rs 977, 258 crore estimated. Fiscal deficit of 4.1 per cent of GDP and Revenue deficit of 2.9 per cent estimated.
Detailed explanation-2: -Total expenditure of Rs. 17, 94, 892 crore estimated. Gross Tax receipts of Rs. 13, 64, 524 crore estimated.
Detailed explanation-3: -For preparing the budget to be presented in Parliament, Department of Economic Affairs is responsible for preparation of Union Budget and not the Revenue Department. Since the Budget division is part of Economic Affairs, so Finance Secretary will coordinate for designing and implementation of Budget process.
Detailed explanation-4: -Budget for 2013-14 to have one overarching goal of creating opportunities for our youth to acquire education and skills that will get them decent jobs or self-employment. Allocations for Scheduled Caste Sub Plan and Tribal Sub Plan increased substantially over the allocations of the current year.