Introduction to the Study of Indian Economics
Introduction to the Study of Indian Economics
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The revenue account and the capital account are kept, the first dealing with the current income and expenditure of Government and the second with capital transactions. The opening balance which the Secretary of State and the Government of India must have at the beginning of the year is estimated at 6 crores of rupees in London and 18 crores in India. All funds, from whatever source they come, go into these balances, and payments are made out of them. An estimate is formed early in the year as t...o the position of the balances, the amount that must be bor- rowed here and in London for financing the public works programme and the repayment of temporary and perma- nent debt and the funds that the Secretary of State may draw from India by the sale of Council drafts- This esti- mate is rarely adhered to and the ways and means pro- gramme is modified in the course of the year, larger sums being drawn from India than those estimated. Thus during the five years 1901-02 to 1905-06, about 50 crores of rupees were drawn in excess of the budget provision, and 63 orores was the excess during the four years 1909-10 to 1912-13, (There was a deficit of about 10 crores in 1907-08 and 1908- 09 owing to failure of the monsoon and a monetary ^crisis in America.
What to read after Introduction to the Study of Indian Economics?
You can find similar books in the "Read Also" column, or choose other free books by Vaman Govind Kale to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The revenue account and the capital account are kept, the first dealing with the current income and expenditure of Government and the second with capital transactions. The opening balance which the Secretary of State and the Government of India must have at the beginning of the year is estimated at 6 crores of rupees in London and 18 crores in India. All funds, from whatever source they come, go into these balances, and payments are made out of them. An estimate is formed early in the year as t...o the position of the balances, the amount that must be bor- rowed here and in London for financing the public works programme and the repayment of temporary and perma- nent debt and the funds that the Secretary of State may draw from India by the sale of Council drafts- This esti- mate is rarely adhered to and the ways and means pro- gramme is modified in the course of the year, larger sums being drawn from India than those estimated. Thus during the five years 1901-02 to 1905-06, about 50 crores of rupees were drawn in excess of the budget provision, and 63 orores was the excess during the four years 1909-10 to 1912-13, (There was a deficit of about 10 crores in 1907-08 and 1908- 09 owing to failure of the monsoon and a monetary ^crisis in America.
What to read after Introduction to the Study of Indian Economics?
You can find similar books in the "Read Also" column, or choose other free books by Vaman Govind Kale to read onlineMoreLess
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