Since India is a developing nation the concept of performance budgeting has great importance. Not only this, from what sources the money will come that is also stated in the budget. It contains all the important aspects of income and expenditure. Fayol provided a broad analytical framework of the process of management. Good governance has a special reference in India. Since India is a developing nation its economy is in the transition stage and serious efforts are necessary for its development so that it can reach the take-off stage as early as possible. <> Lal :Financial Administration in India IGNOU Lessons on Financial Administration That is, how much money is to be collected and in what heads it is to be spent. 112-117. The evolution of financial advisors What wikipedia can't tell you about business schools. If the role of the financial administration is dubious or defective the greatest victim will be development. The government will have to reach the objective of development with the help of limited resources. The Financial Administration is a part of general administration. %PDF-1.7 O Glenn :Stahl : Public Personnel Administration S. L. Goel : Personnel Administration in India. Sometimes developmen­tal work creates adverse impact upon environment. The minister in charge of finance places the demand for grants and the members vote for it or vote against the demand. In UK the opposition is a part of the government and it is called Her Majesty’s Opposition. Caldwell, (1955:458); Raadschelders (1998:7) and Hood, (2000:16) argue that there are many examples of the use of historical research in studying public administration that could further our understanding of … It is not possible for the government or the minister to supervise the economic functions and financial management of the administration and for that reason the burden of economic management and development inevitably falls upon that part of administration that deals with financial matters. In the light of recommendations of the Committee, … 1O1. ‘Lord Ripon was the prophet of local government in India’. A person having special knowledge of economics. The CAG developed a programme with three … endobj The term administration is here quite significant because every act of government in regard to the collection of revenue and expenditure of the same must be in accordance with democratic principles and methods. In this chapter the evolution of public administration as it refers to translating out of time, focuses on administrative phenomena by means of looking into the past in order to learn about the present. Basic Premises of Comparative Public Administration 1 2. endobj The financial activities of a state can reasonably be compared with the management of a household. Local government in India refers to governmental jurisdictions below the level of the state.India is a federal republic with three spheres of government: central, state and local. The estimate of income and expenditure shall be placed in the legislature for its approval because in democracy the government has no power to spend a single paisa without the consent of the legislature. Let us remember the opinion of one critic: “Development may be good but it is not an end in itself. The first and most important agency that controls the activities of financial administration is the legislature. And in this sense the financial admin­istration of India is different from that of a highly developed country. Personnel Administration-A Comparison 153 Select … Report a Violation, Parliamentary Control Over Government’s Financial Activities | India, Public Sector Undertaking in India: Philosophy, Forms and Problems. Ways your mother lied to … The general budget is placed in the Lok Sabha in the last working day of February. The collection of resources, whose quantity is not unlimited, and proper utilisation of those limited resources. Naturally the finance department and financial administration cannot go beyond the general principles. Though the Railways Budget is a separate one, the general budget is the most important. Through various ways the public keeps an eagle’s eye over the functions of financial administration. In Britain the House of Commons, consisting of the elected representatives, has supreme authority in financial matters. 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