APSC Prelims and Mains Notes, APSC Test Series
The assessment of revenue was made after a careful survey and classification of the lands according to their quality and yield. The share of the state was fixed at two-fifths of the gross produce. The cultivator was given the option of paying either in cash or kind. Besides the land revenue, Shivaji had other sources … Read more
Non-Tax Revenue: Interest Receipts: This largest non-tax source of Central Government’s revenue receipts is the interest it earns mainly on the loans it has advanced to State Governments, to financial and industrial enterprises in the public sector. Surplus Profits of the Reserve Bank of India (RBI): The surplus profits of the RBI is also a … Read more
Since the grant of diwani for Bengal, Bihar and Orissa in 1765, the major concern of the East India Company’s administration in India was to collect as much revenue as possible. Agriculture was the main basis of economy and the main source of income and hence, although the nawabi administration was retained with Muhammad … Read more
Permanent Settlement The Permanent Settlement or Zamindari Sysem was introduced by Lord Corniwallis in 1793. In Bengal, North Cauvery Delta in Madras Presidency and Varanasi division. It covered altogether 19% of the total cultivable land under company rule. Terms and Conditions of the System Zamindars were recognized as owner of the lands. Zamindars were given the … Read more
Tax Revenue: Union Excise Duties: They are, presently, by far the leading source of revenue for the Central Government and are levied on commodities produced within the country, but excluding those commodities on which State excise is levied (viz., liquors and narcotic drugs). The most important commodities from the revenue point of view are sugar, … Read more
In India, government expenditure – as per the provision in the Constitution – is divided into revenue expenditure and capital expenditure. However, the adoption of economic planning shifted emphasize on the division of expenditure into Plan and Non-Plan. The share of Non-Plan expenditure has remained close to 70% and that of Plan at 30% … Read more
Land Revenue System under British Rule Since the grant of diwani for Bengal, Bihar and Orissa in 1765, the major concern of the East India Company’s administration in India was to collect as much revenue as possible. Agriculture was the main basis of economy and the main source of income and hence, although … Read more
Pattern of Revenue Expenditure In India, government expenditure – as per the provision in the Constitution – is divided into revenue expenditure and capital expenditure. However, the adoption of economic planning shifted emphasize on the division of expenditure into Plan and Non-Plan. The share of Non-Plan expenditure has remained close to 70% and … Read more