Indian Politics Questions

Article 323A provides that Parliament may by law establish tribunals for adjudication of disputes concerning recruitment and conditions of service of persons appointed to public service under Central, State or any Local or other authority or a corporation owned or controlled by the Government of India. The law made by Parliament for the purpose may specify the jurisdiction and procedure of the tribunals. Under clause 2(d), the law may exclude the jurisdiction of all courts except that of the Supreme Court under article 136 with respect to the service matters falling within the purview of the tribunals.

The   Second   Five-year   plan   was drafted  under  the  leadership  of  P. C.   Mahalanobis. It   focused   on heavy    industries    and    followed socialist  pattern  of  society  as  its goal.Since savings and investment were growing in this period, a bulk of  these  industries  like  electricity railways,   steel, machineries   and communication could be developed in the public sector. However it had its   problems   as   well,because industry attracted more investment than  agriculture,  the  possibility  of food shortage became adverse.So, the    planners    found    balancing industry    and    agriculture    really difficult;  while  K.  N.  Raj  drafted sections  of  India’s  first  Five-Year Plan

In India, Fiscal Policy is formulated by the Ministry of Finance.

Fiscal policy is playing an important role on the economic and social front of a country. Traditionally, fiscal policy is concerned with the determination of state income and expenditure policy. But with the passage of time, the importance of fiscal policy has been increasing continuously for attaining rapid economic growth.

An effective fiscal policy is composed of policy decisions relating to the entire financial structure of the government including tax revenue, public expenditures, loans, transfers, debt management, budgetary deficit, etc.