Budget The Budget is prepared by the ministry of Finance ant the union budget is presented by the Finance Minister. Our constitution has made it compulsory that every year The Budget is presented before the Parliament . The overall responsibility of preparing the budget lies with the Ministry of Finance. Various departments of this ministry work for several months to prepare the budget. Each department has a specific responsibility. The departments are: Department of Expenditure‚ Department
Premium Lok Sabha Economics Government
The Union Budget was released yesterday. Here are the highlights. * Tax slab on personal income remains unchanged * Income tax exemption limit raised by Rs 50‚000 to Rs 2.5 lakh and for senior citizens to Rs 3 lakh * Exemption limit for investment in financial instruments under 80C raised to Rs 1.5 lakh from Rs 1 lakh. * Investment limit in PPF raised to Rs 1.5 lakh from Rs 1 lakh * Deduction limit on interest on loan for self-occupied house raised to Rs 2 lakh from Rs 1.5 lakh. * Kisan Vikas Patra
Premium Tax Lakh Investment
Tri-Cities Community Bank – A Balanced Scorecard Case By Tom Albright‚ Stan Davis‚ and Aleecia Hibbets Case A. Balanced Scorecard Development Tri-Cities Community Bank (TCCB) is located in the Midwest US and has a total of 10 branches grouped into two divisions‚ the southern division (SD) and the northern division (ND). Each division consists of five branches; each branch employs a branch president‚ branch vice-president/chief loan officer‚ customer service representatives‚ loan
Premium Balanced scorecard
THE CURRENT MACROECONOMIC SITUATION The current economic data suggest that the U.S. economy is expanding at a moderate pace‚ although the recovery from the recession and financial crisis still promises to be long and difficult. Real GDP grew by 3.0 percent in the fourth quarter of 2011‚ up from 1.8 percent in the third quarter. Roughly two-thirds of that increase‚ however‚ was due to business inventory restocking‚ a temporary boost to GDP that will not be sustained in the coming quarters. The
Premium Inflation Monetary policy Economics
Abstract This paper will discuss the goal setting process‚ competitive advantage of using the Diversity Index‚ and the types of high-performance reward systems that should be used to motivate employees to reach their diversity goals at Allstate Insurance Company. According to the goal setting model (Hellrigel & Slocum‚ 2011‚ p. 194)‚ it emphasizes the challenges provided for the individual: goal difficulty‚ goal clarity‚ and self-efficacy. Setting difficult but clear and achievable goals‚ for
Premium Management Motivation Goal
Introduction This essay endeavours to not only discuss the elements of the conflict process model such as the reasons or sources that can trigger conflict in an organisational setting‚ with particular reference to behavioural factors and what positive and negative impacts that can thus be resulted‚ but will also discuss the different behavioural characteristics and mechanisms that various cultural backgrounds reveal in order to manage conflict. It will further evaluate the consequences and drawbacks
Premium Management Organizational studies Organization
A budget is a plan. Budgeting is generally formalized written documents. Budgeting is the process of developing a plan‚ implementing it and attempting to control outcomes so that they confirm to or exceed the result called for by the plan. Budgeting is an element of cost accounting‚ because mush of planning related to cost the organization expects to incur. 1.1 IMPORTANCE OF BUDGETS Budgeting is important process in organization. A budget process that works well
Premium Budget Budgets
Studie: Bedrijfseconomie Budgets Is the use of budgets out of date? S.A.D. Sardjoe 298142ss July 12‚ 2009 Table of contents Chapter 1 Introduction 2 1.1 Purpose 2 1.2 Method 2 1.3 Scope 2 1.4 Outline 3 Chapter 2 Budgets 4 2.1 Definition of budgets 4 2.2 The use of budgets 5 2.3 The process of budgeting 5 2.4 The advantages of budgets 6 2.5 The disadvantages of budgets 7 2.6 Conclusion
Premium Management Goal
105. Why is the beginning of a president’s term considered to be the “honeymoon” phase? The beginning of a presidents term is considered to be the honeymoon phase because generally when a newly elected president takes office‚ the opposing party will not be politically critical of him or her about 100 days. 106. Describe factors that often cause a president to have positive public opinion poll figures Some factors would be depending on the condition of the economy and how many money is
Premium President of the United States Opinion poll Watergate complex