A fiscal deficit is an essential concept in the field of public finance and plays a critical role in understanding a country’s economic health. In simple terms, a fiscal deficit occurs when a government’s total expenditure exceeds the revenue that it generates, excluding borrowing. It is often expressed as a percentage of a country’s GDP…
Introduction The Comptroller and Auditor General (CAG) of India is a constitutional authority responsible for auditing government expenditures to ensure accountability, transparency, and efficiency in public financial management. As the custodian of public money, the CAG plays a crucial role in maintaining financial discipline, preventing corruption, and ensuring that public funds are used for their…
Introduction In any democracy, the legislative process is crucial to the functioning of government. In India, the Parliament plays a key role in shaping laws, policies, and budgetary allocations. While plenary sessions and debates are essential components of parliamentary procedures, committees have emerged as critical instruments in ensuring thorough scrutiny and focused examination of various…