National Debt
The total outstanding borrowings of the central government Exchequer. It is the debt owed by the government as a result of earlier borrowing to finance budget deficits.
Primary Deficit
This is fiscal deficit minus interest cost.
Payback period
The length of time required for an asset to generate cash flows just enough to cover the initial outlay.
Peak rate
The highest rate of Customs duty applicable on an item
Per Capita Income
The national income of a country, or region, divided by its population.
Performance budget
A budget prepared ex post-facto to compare actual results with costs that should have been incurred at the actual level attained.
Portfolio
A combination of assets.
Progressive tax structure
A tax structure in which the marginal tax rate increases as the level of income increases.
Revenue Deficit
This is the gap between center's expenditure & revenue resources.
Reserve money
It refers to money supplied by RBI and Central government.
Revenue Expenditure
Revenue expenditure is for the normal running of the government’s department and various services, interest charged on debt incurred by government, subsidies, etc.
Revenue Receipts
Revenue receipts consist of tax collected by the government and other receipts consisting of interest and dividend on investments made by government, fees and other receipts for services rendered by government.
Scheduled banks
banks, which are included in the second schedule to the Reserve Bank of India Act 1934. Subsidies
Financial aid given by the Government to individuals or groups.
Sales Tax
A tax levied as a percentage of retail sales.
Tariff
A tax applied to imports.
Wholesale Price Index
The prices of goods, which are dealt with, wholesale, mainly bulk goods, which are mostly inputs to production rather than finished commodities.
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