Who accounts national income in India?

Who prepares national accounts in India?

The Office of CGA prepares monthly and annual analysis of expenditure, revenues, borrowings and various fiscal indicators for the Union Government.

Who is the father of National Income in India?

Professor Rao is justly considered to be the father of national income accounting in India. He has authored fourteen books, co-authored three others and edited four more.

WHO estimated National Income after independence?

Dadabhai Naoroji was the first Indian to estimate the national income of the country. 2. National Income Committee, established in India after getting independence was headed by Prof.

What is national income by BYJU’s?

The value of goods and services produced by a country during a financial year contributes to its National Income. It is the net result of all economic activities of any country during a period of one year, calculated in terms of money.

What is national income Drishti IAS?

It is the value of total goods & services produced in an economy over a given period of time.

Who appoints CGA?

Government of India has appointed Shri Deepak Das , 1986-batch Indian Civil Accounts Service (ICAS) Officer as the Controller General of Accounts (CGA), Ministry of Finance, Department of Expenditure with effect from August 1, 2021.

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What is the difference between CAG and CGA?

UPSC May also ask you the difference between CGA and CAG. … While CAG is a constitutional body, CGA is not. While CAG is independent constitutional body, CGA works under Ministry of Finance and not a constitutional or statutory body.

What is the GDP formula?

GDP Formula

GDP = private consumption + gross private investment + government investment + government spending + (exports – imports). … In the United States, GDP is measured by the Bureau of Economic Analysis within the U.S. Commerce Department.