Taxes

Proportional- equal tax

progressive - India, increases with increse in income
regressive- opposite

Receipts
Revenue - taxes, non-taxes like govt buildings and railways
Capital - loans from public, RBI, IMF

Expenditure
Revenue - normal day-to-day government running
Capital - creating assets like land, investmemt in securitues, loans to states

Deficits
Revenue- Revenue expenditure - revenue receipts. Here no assets are created
because of this expenditure
Fiscal deficit - Total expenditure - income which do not include borrowings.
Primary deficit- how much govt borrows for things other than inetersts so that it
gives more burden to future
Budget deficit- Total income - expenditure

CRR - 15 % is upper limit

SLR - 40% upper limit

assets:
tangible like buildings
intangible like patents
financial assets like bonds