Do you know the following terms?
- Finance Commission
- Devolution of taxes between centre and state
- Neeti Aayog
- How many verticals
- FRMB Act
- GST, IGST, CGST
- Tax incidence, impact , shifting
- Why did we shift from VAC?
- Different taxes that were subsumed in GST
- Marginal Tax Rate (very important for income tax calculation)
- Income tax calculation
- Rates and Slabs in Income Tax
- Database used for Public Finance
- RBI DBIE
- IPFS
- Economic Survey
- World Bank Database
- IMF Database
- gapminder (development economics)
- Economic Survey Vs Budget
- 3 estimates: budget, device, actual
- sections of income tax (important to file income tax)
Expenditure
- GST, GSTn
- Federal Finance
- Input Tax credit
- Laffer Curve (Tax Revenue vs tax rate)
-
Surcharge, sess
-
Progressive, proportionate, regressive, degressive
-
EPF vs PPF
-
Transmission mechanism (flow chart)
-
negative interest rate
-
MPC
-
WPI
-
CPI
-
PPI
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DBT
-
depreciation of currency
-
devaluation of currency
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fixed, lexical exchange rate
-
forex reserves
Why did we shift from 5 year plan to Neeti Aayog.
Books
- Jonathan Gruber (Public Finance and Public Policy) Chapter 1,2
- naked economics Chapter 3,4
- Last Mile problem - Dilip …
- In the service of the republic.