By:- Taruna Dureja

 RESOURCE MOBILIZATION

 ECONOMIC DEVELOPMENT & GROWTH.

 REDUCING INCOME DISPARITIES.

 EXPANSION OF EMPLOYMENT.

 PRICE STABILITY.
 PUBLIC EXPENDITURE.
 Rising Defense Expenditure.
 Rise in Price Level.

 Economic Planning.

 Basic infrastructure.

 Population Growth.
TAXATION.
 Direct Taxes.
 Indirect taxes.

PUBLIC BORROWING.
 Rational allocation of resources.

 Incremental Capital Output Ratio.

 High ICOR results from:

Cost & time overruns:
Low productivity of existing stocks.
 Raising Tax- GDP Ratio.
 Tax base should be broadened to improve
direct tax share.
 Indirect taxes to improve through higher
industrial production.
 Growth in non- plan spending be curbed.
 Attempts for balancing revenue expenditure
and revenue receipts be made.
 Improved PSE performance be attempted.
 Moderation in public borrowing & budget
deficits
 AUTOMATIC STABILIZERS.
change in tax revenue.
unemployment compensation & welfare
payments.
discretionary fiscal policy.
 High economic growth & stable prices.
 Egalitarian distribution of income.
 Encourage capital formation.
 Expenditure on improving human resources
quality.
 Progressive & differential tax policy.
 What is Budget?
 What is Budget Deficit?
 What causes Budget Deficit?
 What is National Debt?
Components of National Debt:
1. Internal Debt.
2. External Debt.
 Part A– General Economic Survey.
 Assault on poverty & unemployment.
 Bharat Nirman.
 Investment.
 Agriculture.
 Manufacturing.
 Infrastructure.
 Financial sector.
 Other proposals: Institutions of excellence, VAT.
 Part B- Tax Proposals.
 Direct taxes.
 Indirect taxes.
 Lags in Fiscal Policy.
 Problems in Tax Policy.
 Burden of Public Debt.