Differentiate the budget’s revenue and capital accounts. Talk on the importance of more capital spending for an economy.
The “Manga Carta” of the Indian Constitution, Part III the fundamental rights ensured many rights like the Right to education. State is mandated by Article 21(A) and the Right to Education Act, of 2009, to provide free and compulsory education to all children of age six to fourteen years. Current goRead more
The “Manga Carta” of the Indian Constitution, Part III the fundamental rights ensured many rights like the Right to education.
State is mandated by Article 21(A) and the Right to Education Act, of 2009, to provide free and compulsory education to all children of age six to fourteen years.
Current government has also taken initiatives such as the National Education Policy (NEP), 2020, which tries to transform the education system.
For effective implementation at the grassroots level, some innovative ways are:
- Digital literacy- for students & teachers to connect India digitally from top to bottom.
- Public-Private partnership.
- ‘Skill India’ initiative, skills are promoted through our current government to ensure children’s & nation’s futures are secured.
- At junior schools, sports programs like ‘Khelo India‘ have been introduced to transform the tag ‘extra-curriculum’ into a ‘co-curriculum’ activity. This program gives the platform to all sections of students including rural areas to express their talent.
Moreover, ‘Mid-day meal’ Schemes, the ‘Sarva Shiksha Abhiyan’ program, and ‘Beti Bachao Beti Padhao’ Schemes all have an effect at the grassroots level.
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A government budget is an annual financial statement which outlines the estimated government expenditure and expected government receipts or revenues for the forthcoming fiscal year. The Budget in India comprises the following (a) Revenue Account and (b) Capital Account. Differences between them areRead more
A government budget is an annual financial statement which outlines the estimated government expenditure and expected government receipts or revenues for the forthcoming fiscal year. The Budget in India comprises the following (a) Revenue Account and (b) Capital Account. Differences between them are:
Significance of increasing Capital Expenditure in an economy:
In India, both the Union government and state governments have been criticized for spending too little on creating assets. For e.g. 85-90 percent of the Union government’s spending goes into the revenue account. High revenue expenditure of the Union government has often been blamed for low economic growth. Thus increasing capital expenditure and capacity building are much needed in a country like India.
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