Why in News?
Recently, Madhya Pradesh Deputy Chief Minister and Finance Minister, Jagdish Devda, presented the interim budget (vote-on-account) for FY 2024-25 for approximately Rs 1 lakh 45 thousand crore in the assembly.
Key Points
- The first interim budget of CM Mohan Yadav is only for four months (1st April to 31st July, 2024) to manage its expenditure in various schemes.
- The amount allotted in the interim budget will be merged with the full budget likely to be tabled in July 2024.
- The fiscal budget (full budget) of the state for FY 2024-25 is estimated to be approximately 3 lakh 48 thousand nine hundred and eighty-six crore.
- The interim budget for four-months is to take care of expenditure alone and there are no new items or fresh proposals in the budget.
Vote on Account
- A vote on account, as defined by Article 116 of the Indian Constitution, is a grant in advance for the central government to meet short-term expenditure needs from the Consolidated Fund of India, generally lasting for a few months till the new financial year kicks in.
- During an election year the Government either opts for ‘interim Budget’ or for ‘Vote on Account’ as after the election the Ruling Government may change and so the policies.
- No amendment can be proposed to an Appropriation Bill which will have the effect of varying the amount or altering the destination of any grant so made or of varying the amount of any expenditure charged on the Consolidated Fund of India, and the decision of the Lok Sabha Speaker as to whether such an amendment is admissible is final.
- It ensures the smooth functioning of the government and public services until the regular budget is approved.
Consolidated Fund of India
- It was constituted under Article 266 (1) of the Constitution of India.
- It is made up of:
- All revenues received by the Centre by way of taxes (Income Tax, Central Excise, Customs and other receipts) and all non-tax revenues.
- All loans raised by the Centre by issue of Public notifications, treasury bills (internal debt) and from foreign governments and international institutions (external debt).
- All government expenditures are incurred from this fund (except exceptional items which are met from the Contingency Fund or the Public Account) and no amount can be withdrawn from the Fund without authorization from the Parliament.
- The Comptroller and Auditor-General of India (CAG) audits the fund and reports to the relevant legislatures on the management.
FAQs
The Madhya Pradesh Public Service Commission (MPPSC) is a government body of the state of Madhya Pradesh, established by the provisions of the Constitution of India, responsible for recruiting candidates for various state government jobs through competitive examinations.
What is the salary of PCS in MP? ›
The Basic MPPSC PCS officer salary will be Rs 56,100 per month in Grade pay of Rs 5400 or Rs 3600. Apart from the basic remuneration, various perks and allowances are offered as part of the MPPSC salary per month.
What is the age limit for PCS in MP? ›
Applicants in the general category must be at least 21 years old, with a 40-year-old maximum. Candidates in the reserved category are eligible for a maximum age relaxation of five years. Check the details below for complete details on age relaxation based on government rules and different categories.
What is the age limit for PCS J exam in Madhya Pradesh? ›
How to become SDM in MP? ›
To become Sub Divisional Magistrate (SDM), you must have passed in graduation (Any Stream) from a recognized university. After that, you have to apply for the form of an exam called the UPSC civil services exam. You have to sit in all the stages of the UPSC civil services exam and qualify for each of them.
What is the salary of MP government computer operator? ›
The estimated total pay range for a Computer Operator at MP Online is ₹72T–₹2L per year, which includes base salary and additional pay. The average Computer Operator base salary at MP Online is ₹1L per year.
What is the salary of SDM in MP? ›
Ans - The in-hand SDM salary in MP is Rs. 78,000 - Rs. 85,095 per month, which falls in the 7th CPC pay level - 10 on the salary range of Rs. 56,100-1,77,500.
What is the highest post of state PCS officer? ›
Sub Divisional Magistrate, or SDM, is the highest post in the UPPSC PCS exam. This post is considered one of the best in the UPPCS Exam. After a certain period of service, SDMs are eligible for promotion to IAS. After the DM and SSP, the SDM is the most influential person in the district.
What is the salary of IAS officer in MP? ›
2.1 Career Growth
| IAS Officer Salary (As per 2024 Latest Notification) |
|---|
| Gross Monthly Salary | Rs. 56,000 to Rs. 1,50,000 (approx.) |
| IAS Officer Maximum Salary (Highest Pay) | Rs. 2,50,000/- (Cabinet Secretary) |
| IAS Salary During Training | Rs. 33,000–35,000 (After Deductions) |
| Allowances | DA, TA & HRA |
2 more rowsMP Judiciary Exam 2024 Eligibility
LLB degree from an accredited institution with a minimum overall score of 55%. Age Range: 21 to 35 on a specific date. Maximum age limit raised to 40 for specific groups, including SC/ST and OBC candidates. Mandated to possess several years of experience as a practicing advocate.
For MP Civil Judge eligibility criteria, candidates must be aged between 21 to 35 years and hold a graduation degree in law from a recognized institute or university.
Who conducted the MP judiciary exam? ›
High Court of Madhya Pradesh.
What is MP in PC? ›
MP is an abbreviation for megapixel. 2. With computer games, MP is an abbreviation sometimes used for multiplayer. 3. With an RPG (role-playing game), MP is short for "mana points" and is how much mana a player has.
What is the salary of MP police computer operator? ›
Computer Operator salary in M.P Police ranges between ₹3.1 Lakhs to ₹3.7 Lakhs per year.
What is MP police exam? ›
Madhya Pradesh Professional Examination Board (MPPEB) generally issues notification every year and MP conduct recruitment examination for police constables . This examination is conducted by two stages: 1- Online / Offline Test 2- Physical Examination Each High School Passed Candidate,can apply for ...(Read More)
Who is eligible for MP? ›
Qualification for Membership of Parliament
In order to be chosen a member of Parliament, a person must be a citizen of India and not less than 30 years of age in the case of Rajya Sabha and not less than 25 years of age in the case of Lok Sabha. Additional qualifications may be prescribed by Parliament by law.
