Paper-GS3

Subject-Economy

Que. Explain the components of revenue receipts and revenue expenditure in the Union Budget. How do they impact fiscal stability in India?

प्रश्न: केंद्रीय बजट में राजस्व प्राप्तियों और राजस्व व्यय के घटकों की व्याख्या करें। वे भारत में राजकोषीय स्थिरता को कैसे प्रभावित करते हैं?

(150 words)

Structure of the Answer

Introduction

• Define Revenue Receipts and Revenue Expenditure in the context of the Union Budget.

Body

• Mention Components of Revenue Receipts and Components of Revenue Expenditure
• Highlight impact on Fiscal Stability

Conclusion

• Mention government initiatives for fiscal discipline (e.g., FRBM Act, rationalizing subsidies, tax reforms).