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Land utilisation

  LAND UTILIZATION  Land is a scarce resource, whose supply is fixed for all practical purposes. At the same time, the demand for land for various competing purposes is continuously increasing with the increase in human population and economic growth.Land use pattern at any given time is determined by several factors including size of human and livestock population, the demand pattern, the technology in use, the cultural traditions, the location and capability of land, institutional factors like ownership pattern and rights scale regulation. Major Types of Land Utilization in India : As in all other countries, land in India is put to various uses. The utilization of land depends upon physical factors like topography, soil and climate as well as upon human factors such as the density of population, duration of occupation of the area,land tenure and technical levels of the people.There are spatial and temporal difference in land utilization due to the continued interplay of phys...
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Government Budget

GOVERNMENT BUDGET

Government Budget is a statement of estimate of the government receipts and government expenditure during the period of the financial year  . It also includes government report on its financial performance over last one year. It also unveils the fiscal or budgetary policy of the government for the coming year.

Objectives of government Budget
a) Redistribution of income and wealth : Through it's revenue and expenditure policy ,the govt seeks to promote equity .So that the growth process can become inclusive.Tax structure is designed to be progressive,placing burden on richer section of society .subsidies are provided to poorer section ,provission of employment in rural area ,provission of food items to be sold in BPL families are made .

b)Reallocation of resources : Economies are believed to achieve optimum allocation of resources ,producing such goods and services which consumers wish to buy.Provission of public goods like law ,order,defence ,public administration is often taken as primary responsibility of the government. It is related to revnue- expenditure policy of the government.

c)Economic stability :Economic stability is core condition of growth and development . It is through its revenue and expenditure policy that government policy that government can impart stability to the economy. During Recession , investment can be boosted through tax breaks and subsidies. During inflation, government may rise taxes and reduce subsidies to handle the situation of economy.

d)Managing public enterprises : The budgetary policy indicates concern of government to accelerate and diversify process of growth through public enterprises. Growth through public enterprises focuses in social welfare rather than profit maximization.

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