Principles of Budget Making

Practical experiences of many countries in the field of Financial Administration has led to the evolution of certain universal generalisations akin to the ‘Principles of Administration’ to which the budget should conform. These principles can however be divided into two distinct categories – Political Principles. Technical Principles. Political Principles of Budget-Making Responsibility of the Executive.(…)

Sources of Resource Mobilization

In modern times, economic development is the major objective of every developing country. Economic development requires investment to increase the productive capacity of the economy. Most of the countries have tried to achieve this through development planning which requires planned deployment of resources to achieve the desired goals of economic development. Needless to say, no(…)

Fiscal Policy

Before the 1930’s the rule of fiscal policy as a major component of the economic policy was hardly recognised. It was mainly concerned with the task of raising revenues to meet the expenditure of the Government. The budget was prepared giving details of the expenditure incurred by the government and the taxes to be levied(…)

Monetary Policy

H. G. Johnson has defined Monetary Policy as a “policy employing the central bank’s control of the supply of money as an instrument for achieving the objectives of general economic policy”. As the common objectives of the economic policy are attainment of full employment, price stability, balance of payment equilibrium and rapid economic growth, the(…)

Financial Administration

Finance is the life-blood of all the socio-economic organisations. Financial administration relates to the system which generates, regulates and distributes monetary resources needed for the sustenance and growth of organisations. Financial system is a subsystem of the administrative system. Lloyd George once remarked that ‘Government is finance’ and rightly so because no administration can function(…)

Management Information System

In the present times information is regarded as ‘power’. Proper information helps in making the administrative decisions rational. Adequate knowledge of the ecology of administration, various public policies and general conditions is a pre-requisite for the efficient and effective functioning of the public systems. Thus information can be regarded as a resource. Importance of Information(…)

Network Analysis – PERT AND CPM

Network Analysis offers the various techniques for project management. These techniques are the extensions of the traditionally used Gantt charts which are also used for the same purpose. They help to plan, coordinate and track specific tasks in a project. In this article we will discuss two techniques of network analysis viz Critical Path Method(…)

State Theories and Public Policy Formulation

State is the foundation of modern civilization. It is the central point of modern society. State is centralized, law making, law enforcing and politically sovereign institution in the society which has got following features: lt has monopoly over the rule making within the territory lt makes arrangement for the implementation of above rules It can(…)

Evaluation and Review of Public Policy

Policy evaluation is the final stage in the policy process. Evaluation means to know what happens when policy is put into action. It is basically concerned with the worth or social utility of a programme. It is concerned with knowing the “effectiveness” of a policy/programme in meeting the objectives. There is difference between monitoring and(…)

Administrative Reforms

The contemporary state is an “Administrative State”. Administration today touches every facet of human life. The citizen looks upon the administration as a moral agent that exists to serve his needs and enables him to achieve his aspirations and goals. However, the needs of people are continuously changing and the administration cannot afford to be(…)