Course Curriculum

Q1.Economic Reforms
1. Economic Reforms
2. The genesis of balance of payment crisis
3. Management of the BoP crisis
4. The event of gold pledge at Bank of England
5. The connection between the World Bank and IMF loans and the economic reforms
6. Launch of NIP
7. New industrial policy of 1991
8. New Economic Reforms
9. Rational for New Economic Reforms
10. Liberalization
11. Public Sector Policy under the New Industrial Policy
11.1 Privatisation in India
11.2 Disinvestment Policy – the disinvestment programme
11.3 Strategic Disinvestment
11.4 National Investment Fund
12. Globalization and India
13. Five Year Planning in India
13.1 Evaluation of Five Year Plans
14. NITI Ayog
R1. Fiscal Policy
1. What is Fiscal Policy
2. Role of fiscal policy and its reflections in the budget
3. Countercyclical Fiscal Policy
4. Deficit financing – relevance in India
5. Golden Rule in Fiscal Policy
6. Fiscal Policy in India – the issue of revenue deficit
7. Implications of revenue deficit
8. Evolution of India’s fiscal situation
9. Why 2007-08 was a remarkable year
10. Fiscal Consolidation in India
11. Fiscal Responsibility and Budget Management Act – FRBM
12. The fiscal situation of the central government in the last two decades
13. The NK Singh Committee – FRBM Review Committee
13.1 Recommendations of the NK Singh Committee
14. Public debt in India
R1.2 Budget 2019 (Interim)
1. Budget 2019 (Interim)
R2.Tax structure
1. Tax system in India
2. Distribution of Tax powers among centre and states
3. Main features of India’s tax structure
4. Direct taxes and indirect taxes and siginficance of direct taxes
5. Major taxes of the central government
6. Direct taxes – Corporate Income Tax
6.1 Minimum Alternative Tax
7. Personal Income Tax
8. Capital gains taxation
9. Other direct taxes – gift tax, inheritance tax and estate duties (death duties)
10. Indirect taxes
11. Goods and Service Tax
12. Customs duties
13. Service tax and Excise Duties – major taxes merged under GST
14. . The Long term capital gains tax on equities
R3.Tax Reforms
1. Tax Reforms
2. Reformers of Indian tax system
3. Objectives of tax reforms
4. Tax reforms before 1991
5. Tax reforms after 1991
6. Indirect tax reforms
7. Goods and Services Tax System
7.1 Features of GST -1-taxes merged
7.2 Features of GST 2- Components of GST – GST, SGST and IGST
7.3 Features of GST – the GST Rate Structure
7.4 Features of GST – The GST Infrastructure
7.5 Features of GST – GST Council
7.6 Goods and Services Tax Network – GSTN
7.7 E-way Bills
7.8. Fine-tuning of the GST regime
7.9. GST Compensation cess
7.10. GST as a freindly tax regime for MSMEs
7.11. GST and the policy changes – an update
7.12. GST Tax evasion and the government measures to fight it
7.13. Value Added Taxation
8. Reform of customs duties
9. Reforms in tax administration
9.1 Tax Deducted at Source
9.2 Presumptive taxation
10. Direct tax reforms PIT Reforms
10.1 The spirit of Laffer Curve
10.2 Reforms in Corporate income tax
11. The problem of narrow tax base
12. A case for Agricultural Income Tax in India
13 Tax GDP Ratio – measures to raise it
14. General Anti Avoidance Rules
14.2 GAAR Vs Treaty
14.3 Criticism about GAAR
14.4 Tax avoidance and the need for GAAR in India
R4.Finance Commission
1. Finance Commission
2. The Fifteenth Finance Commission
3. Fourteenth Finance Commission
3.1. Theme of the Fourteenth Finance Commission
4. Reccommendation – Sharing of tax revenue
4.1 Recommendations of the Finance Commission
4.2 Recommendations – 3 Cooperative Federalism
5. Cooperative Federalism under Fourteenth Finance Commission
6. Central Sector Schemes and Centrally Sponsored Schemes
R5.Government Budgeting
1. Government budgeting – significance and constitutional provisions
2. Budget classification
2.1 Revenue and capital budget
3. Budgeting techniques- Performance budgeting
3.1 Outcome budgeting
3.2 Zero based budgeting
3.3 Gender Responsive Budgeting in India
4. Tax preferences – tax expenditure
5. Tax disputes and unsettled tax revenues
6. Statements along with the budget prescribed by the FRBM
7. Non-debt and debt receipts of the government
R6.Black Money
1. What is black money
2. Estimate of black money in India
3. Generation of black money in India
4. Causes of black money
5. Impacts of Black Money
6. Return of black money to India
6.1 Round Tripping of FDI and the return of black money into India
6.2 Participatory Notes and the return of black money
7. Government initiatives against black money
7.1 Income Declaration Scheme 2016
7.2 Pradhan Mantri Garib Kalayan Yojana
7.3 Benami Transactions Prohibition Amendment Act
7.4 Operation Clean Money
7.5 Initiatives to trace black money during demonetisation period
7.6 UFIA
7.61 Disclosure of undisclosed income and assets under the one
7.70 Automatic Exhange of Information
7.71 Need for tax information exchange
7.72 AEOI Implementation
7.73 India and Automatic Exchange of Information
7.74 AEOI and the confidentiality problem
7.75 Shell Companies and actions against them
7.80 Demonetisation and its impact
7.90 Special Investigation Team on Black Money 1
8. Financial Action Task Force
8.1 India and the Financial Action Task Force
9. What are tax havens
9.1. AEOI, BEPS and tax havens
10.1 India signs FATCA
1. Demonetization of November 8, 2017
2. Demonetisation -facts and proceduresI
3. Demonetisation – impact assessment
4. Demonetisation and its effect on black money
5. Demonetisation – Long term effects
6. RBI and its currency management and the demonetization exercise
7. Operation Clean Money
  • Number of Sections9
  • Number of Units141
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