[Win20CSP] Mrunal’s Free Economy Update Pack Pillar#2: Budget, Taxation, 15th Finance Commission, Disinvestment & Fiscal Deficit for Previous Batch Students

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Mrunal's Economy Course
  1. Prologue
  2. Free Lecture & Handout on Pillar#2: Budget
  3. List of Topics Updated in Pillar2 after Prelims-2019
    1. Budget : introduction
    2. Taxation  → Direct Taxes updates after Prelims-2019
    3. Taxation  → Indirect Taxes updates after Prelims-2019
    4. 15th Finance Commission
    5. Tax Evasion → Budget-2019 & 2020
    6. Revenue Expenditure related updates
    7. Budget  →  Capital Receipts  → Borrowing

Prologue

Free Lecture & Handout on Pillar#2: Budget

  1. (Assumption) You’ve attended my full-length economy course anywhere in 2019.
  2. 💾Download this PDF file containing Update Pack for Pillar#2: budget.
  3. No need to take printout immediately, considering the Corona Lockdown. For the same reason, I’ve not kept any blanks in it.
  4. 📡Attend the FREE LIVE lecture HERE on 21st April, Tuesday, 9PM. It’s called ‘Unacademy special classes’, which means it’s basically free to attend for everyone.

List of Topics Updated in Pillar2 after Prelims-2019

As you’re aware, I cover the economy in six pillars.  This first Win20CSP Handout contains following updates for Pillar2

Budget : introduction

  • Budget 2020’s theme
  • 📘📘 Economic Survey (आर्थिक सर्वेक्षण) themes and covers

Taxation  → Direct Taxes updates after Prelims-2019

  • 🍋🤷‍♀‍: 🏦 Corporation Tax Cut in 2019-Sep
  • 🍋🤷‍♀‍: 🏦🌱 Corporation Tax on Startups
  • 🍋🤷‍♀‍: 🗃 Dividend Distribution Tax (DDT: लाभांश वितरण कर)
  • 🍋🤷‍♀‍: 🗃🛒 Buyback Tax (शेयर की वापसी-खरीद पर कर)
  • 🍋🤷‍♀‍ : 🏠🎨💍Capital Gains Tax (CGT: पूंजीगत लाभ कर)
  • 🍋🤷‍♀‍: 👪 Income Tax on Individuals (व्यक्तिक आयकर)
  • (Optional) New slabs for Income Tax in Budget-2020
  • 🍋🕵🏻🌱Direct Tax Code (DTC) Task Force (2017-2019)
  • 🍋👨‍🏫✂️TDS and TCS related announcements
  • 🍋🤧🔨Taxation Ordinance 2020 (कराधान अध्यादेश)

Taxation  → Indirect Taxes updates after Prelims-2019

  • 🍋🛒: 🧔👩‍🦲🕉 GST Council: Composition? जीएसटी परिषद
  • 🍋🛒 GST on J&K
  • 🍋🛒:⚖️🕵️‍♂‍Goods and Services Tax Appellate Tribunal (GSTAT)
  • 📈 GST Revenue Collection Figures: जीएसटी राजस्व प्राप्ति के  आंकड़े
  • 🚛🧾 E-Invoice System
  • 🧔 → 🤑(👩‍🦲👳‍♀‍) Compensation to States → Controversy

15th Finance Commission

  • 🍋 [👨‍🦲⚖️👳🏻‍♀‍⚖‍👳🏻]15th FC: tax devolution: States’ share
  • 🧕Finance Commissions & the fate of UTs of J&K & Ladakh
  • 🧔 → 💸🤲🏼 (👨‍🦲👳🏻‍♀‍) Grants from Union to States (संघ से राज्यों को अनुदान)
  • 💸🤲🏼🏕15th FC: Local Bodies Grants (स्थानीय निकाय अनुदान, 90k cr)
  • 💸🤲🏼🤦🏼‍♂‍Post-Devolution Revenue Deficit Grants (74kcr)
  • 💸🤲🏼🌬🌪15th FC: Disaster Management Grants (आपदा प्रबंधन अनुदान: 41kcr)
  • 💸🤲🏼🍽15th FC: Sector Specific Grants (क्षेत्र-विशिष्ट अनुदान, ~7700cr)
  • 💸🤲🏼🙋🏿15th FC: Special Grants: (विशेष अनुदान , ~6700kcr)
  • 💸🤲🏼💪🏿 15th FC: Performance-based incentives (निष्पादन-आधारित प्रोत्साहन)
  • 15th FC: Other recommendations to Govt
  • 15th FC Report for 2020-21: conclusion

Tax Evasion → Budget-2019 & 2020

  • 🍋🛒👺🙌 Sabka Vishwas L.D.S Scheme 2019
  • 🍋👺🙌 Vivad se Vishwas Scheme Budget-2020
  • 🍋👋🤵 Tax Avoidance through Non-Resident Status
  • 💼 (Full) Budget-2019: Ease of paying taxes & reducing tax-terrorism
  • 🍋🕵🏻:🧾 Document Identification Number (DIN: दस्तावेज़ पहचान संख्याक)
  • 📯📜 Taxpayers’ Charter in 💼 Budget-2020 (करदाताओ का अधिकारपत्र)
  • 📘📘 ES19: “Use Behavioural Economics to improve Tax Compliance”

Revenue Expenditure related updates

  • 📤⏰(🌽⛽️) Budget  → Revenue Expenditure  → Subsidies
  • Subsidies in budget 2020
  • 📘📘 ES19: Use ‘Behavioural economics (व्यवहार अर्थशास्त्र)’ to ↓ subsidy bill
  • 🏃🏻‍♀‍✍🏻🕵️‍♂‍National Recruitment Agency (NRA: राष्ट्रीय भर्ती एजेंसी)

Budget  →  Capital Receipts  → Borrowing

  • 💼🤲🎅Full Budget-2019: Foreign Borrowing in Foreign Currency
  • 🧔🗃 ♐️ 🤵 Budget →  Capital Receipts → Disinvestment: विनिवेश
  • 📔📔ES20 Vol1 Ch9 Privatization and Wealth Creation
  • 💼🤲🏻 Budget  → Fiscal Deficit (राजकोषीय घाटा)
  • 💼🤲🏻👜🤲🏻 Extra-Budgetary Resources (बजटेतर संसाधन)
  • 💼💉 🧔 Modi’s Fiscal Stimulus (2019-)
  • 🙌 FRBM: Trigger Mechanism (to) Escape (Deficit control) Clause
  • 💼🤲🏻🔨 🗂 FRBM Act: 3 Documents  (दस्तावेज़)
  • 💼🤲🏻⏬ Fiscal Consolidation (राजकोषीय एकत्रीकरण)

Stay Tuned for the Remaining [Win20CSP] Pillar#2/3/4/5/6’s update packs at Mrunal.Org/Download

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One Comment on “[Win20CSP] Mrunal’s Free Economy Update Pack Pillar#2: Budget, Taxation, 15th Finance Commission, Disinvestment & Fiscal Deficit for Previous Batch Students”

  1. Thank u sir for providing value addition matterial it helps a lot

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