Meaning and Role of Public Expenditure Management
Government has two roles (i) Collect financial and physical resources from the economy in a sufficient and appropriate manner and (ii) Allocate and use resources responsibly, efficiently and effectively
Where Does India Stand
World Economic Forum Global competitiveness Report 2014 ranks India at number 85 out of 144 countries in terms of infrastructure quality. Suggesting urgent need to focus on this area.
Defining Objective of Public Debt Management
Ensuring that the Government’s Financing needs and its payment obligations are met at the lowest possible cost to the State over the medium to long term consistent with a prudent degree of risk
Play Board Industry
The taxation of ply-board industry in the State is an area requiring attention.
The production data of the industry suggests that the VAT might not have been captured correctly – as a broad view, the production data for each machine in a standard factory and an average market price of Rs.40 per sq. ft. of a ply, the output value should be Rs. 6.45 Cr. while usually the factories declare less than 1.5 Cr. of turnover. bThough there is a composition scheme in Haryana for plyboard industry – tax is levied on per machine basis, our view is that there is a need to look into present taxation scheme and its appropriateness.
Author: Mukul Asher,
Professorial Fellow, LKYSPP National University of Singapore
Hèalth, Education, Women and child development, Security, Activities
We invited social activities and discussed the idea with them and got a warm response.