Public Finance India Archives

India’s 16th Finance Commission: Comprehensive Analysis, Institutional Role, and Policy Implications

Admin3 weeks ago5 days ago014 mins

Introduction India’s fiscal federalism relies on a sophisticated machinery of constitutional bodies that allocate resources between the Centre and the states. Among these, the Finance Commission plays an indispensable role as the apex expert body responsible for equitable fiscal devolution. Established under Article 280 of the Constitution, the Commission periodically recommends how tax revenues should…

India’s New CPI Series: Inflation Measurement in a Changing Economy

Admin3 weeks ago3 weeks ago08 mins

Introduction Inflation is not just an economic term — it directly affects household budgets, savings, investments, and government policy. In India, the most trusted indicator of retail inflation is the Consumer Price Index (CPI). Recently, India introduced a new CPI series with 2024 as the base year, replacing the older 2012 framework. This revision reflects…

Union Budget: Preparation to Enactment

Admin6 months ago6 months ago016 mins

Introduction The Union Budget is one of the most important annual events in India’s governance and economic management. Often described as the annual financial statement of the central government, the Union Budget reflects the priorities, strategies, and fiscal health of the nation. It is not just a financial document but also a political and economic…

Public Expenditure and Sources of Government Expenditure

Admin6 months ago6 months ago014 mins

Introduction Public expenditure refers to the spending incurred by the government to meet the developmental, administrative, and welfare needs of the nation. In any economy, the government plays multiple roles – as a provider of essential services, a regulator of markets, a promoter of social justice, and a facilitator of economic growth. To fulfill these…

Tax Expenditure (Revenue Foregone) and Its Advantages

Admin6 months ago6 months ago014 mins

Introduction Taxation is the backbone of government finance, providing the resources needed to fund public goods, welfare programs, infrastructure, and national defense. However, taxation is not merely about raising revenue; it is also a powerful instrument for influencing economic and social behavior. Governments often design their tax systems in such a way that certain groups,…

Sources of Revenue in India: Union and State Sources Explained

Admin6 months ago6 months ago012 mins

Introduction Revenue generation is the backbone of government functioning, enabling it to finance developmental activities, welfare schemes, defense, infrastructure, and administrative operations. The Indian Constitution provides a clear framework for revenue collection, ensuring financial autonomy for both the Union (Central) Government and State Governments. Revenue in India is broadly classified into tax revenue and non-tax…

Non-Tax Revenue in India: Concept, Sources, Importance, and Impact

Admin6 months ago6 months ago012 mins

Introduction Revenue generation is a critical function of any government. To finance its expenditures—such as infrastructure development, social welfare schemes, defense, and administrative operations—the government relies on two broad sources of income: tax revenue and non-tax revenue. While tax revenue is collected through compulsory levies on individuals and businesses, non-tax revenue refers to income earned…

The Functions of the Finance Commission of India: A Key Pillar of Fiscal Federalism

Admin1 year ago1 year ago016 mins

The Finance Commission of India plays a crucial role in ensuring equitable distribution of financial resources between the central government and the states. Established under Article 280 of the Indian Constitution, the Finance Commission’s primary responsibility is to recommend the distribution of the net proceeds of taxes between the Union and the States, as well…

Tag: Public Finance India

India’s New CPI Series: Inflation Measurement in a Changing Economy

Tax Expenditure (Revenue Foregone) and Its Advantages

Non-Tax Revenue in India: Concept, Sources, Importance, and Impact

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