Author: admin
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Currency Depreciation and Currency Appreciation
What is Currency Depreciation? It refers to the decrease in the value of the domestic currency (₹) in terms of one or more foreign currencies (like $). It makes domestic currency less valuable and more is required to buy a unit of currency. For example, if the price of $1 rises from ₹60 to ₹64, then it…
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Foreign Exchange Rate
What is Foreign Exchange Rate? A medium of exchange for goods and services is called currency. In a nutshell, it is money issued by governments and accepted for payment in the country. It comes in the form of coins and paper. Every nation has a currency that is widely accepted within its boundaries. For example, the Indian…
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Developmental and Non-Developmental Expenditure
The term expenditure describes a payment made in cash or on credit to buy or obtain goods or services. Liabilities incurred in the exchange of commodities or services are referred to as expenditures. What is Developmental Expenditure? The expenditure which is related directly to the economic and social development of the country is known as…
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Difference between Plan & Non-plan Expenditure
The term expenditure describes a payment made in cash or on credit to buy or obtain goods or services. Liabilities incurred in the exchange of commodities or services are referred to as expenditures. Table of Content What is Plan Expenditure? The expenditure incurred on the programmes that are detailed in the current five-year plan of…
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Difference between Primary Deficit and Fiscal Deficit
A Budgetary Deficit can be termed as the excess of the total government expenditure over the total revenue generated in a financial year. A budgetary deficit happens when the government spends more money than what is generated through revenue collection, including direct or indirect taxes. Based on the deficit incurred has been divided into three…
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Difference between Fiscal Deficit and Revenue Deficit
A Budgetary Deficit can be termed as the excess of the total government expenditure over the total revenue generated in a financial year. A budgetary deficit happens when the government spends more money than what is generated through revenue collection, including direct or indirect taxes. Based on the deficit incurred, has been divided into three…
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Measures of Government Deficit: Revenue Deficit, Fiscal Deficit and Primary Deficit
What is Budgetary Deficit? A Budgetary Deficit can be termed as the excess of the total government expenditure over the total revenue generated in a financial year. A budgetary deficit happens when the government spends more money than what is generated through revenue collection, including direct or indirect taxes. Based on the deficit incurred, has…
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Difference between Revenue Expenditure and Capital Expenditure
The estimated money expenditure of the government during a fiscal year is known as Budget Expenditure. The two different kinds of budget expenditure are Revenue Expenditure and Capital Expenditure. What is Revenue Expenditure? Revenue Expenditure refers to the estimated expenditure of the government in a fiscal year that does not affect the assets and liabilities status of the government.…
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Difference between Revenue Receipt and Capital Receipt
The estimated money receipts of the government from all sources during a fiscal year are known as Budget Receipts. The two different kinds of budget receipts are Revenue Receipt and Capital Receipt. Table of Content What is Revenue Receipt? The receipts which neither create liability nor cause any reduction in the government’s assets are known as Revenue Receipt. These are…
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Capital Receipt and Capital Expenditure: Meaning and Sources of Capital Receipts
The Government Budget is a statement of expected receipts and expected expenditures of the Government (for the coming fiscal year) that reveals the budgetary policy of the Government to achieve the twin objective of growth and stability. The financial/fiscal year is taken from 1st April to 31st March. The Budget unfolds (i) the financial performance of the…