Tomorrow, we continue with Economy by Mrunal on Pillar 2B: Finance Commission, Black Money & Pillar 2C: Subsidies, Revenue Expenditure (📖 pp. 419–462).
🎯 Targets to Complete
Pillar 2B: Finance Commission, Black Money 📊
- Taxation – Finance Commission 🏛 – Explore the Finance Commission’s role in tax revenue sharing.
- Introduction to Finance Commission 📜 – Understand its constitutional mandate and functions.
- FC vs PC vs NITI ⚖️ – Compare Finance Commission, Planning Commission, and NITI Aayog.
- Taxation – Black Money 💸 – Learn about unaccounted wealth and its economic impact.
- Tax Evasion 🚨 – Study illegal methods to avoid tax payments.
- Retrospective Tax 📉 – Examine taxes applied to past transactions and their controversies.
- Tax Avoidance vs Tax Evasion 🔍 – Differentiate legal tax planning from illegal evasion.
Pillar 2C: Subsidies, Revenue Expenditure 💰
- Budget Revenue Expenditure 📋 – Understand spending on salaries, pensions, and operations.
- 7th Pay Commission, Salary Reforms 💼 – Explore salary revisions for government employees and their fiscal impact.