The Idol Spot

  WHAT IS IPC? IPC (IPC full form Indian Penal Code) is the skeleton of the Indian criminal justice system. The  Indian Penal Code 1860  is the main criminal code of India. Enacted in 1860, it is a comprehensive  code designed to meet all substantive features of criminal law .  The Act came into force in the year 1862 and since then amended many times. At present, the  Act is enhanced by other criminal  provisions . The Act was drafted on the recommendations of the first law commission established under the chairmanship of Lord Macaulay in 1834. The Indian Penal Code is the official criminal code of the Republic of India. It is a complete code intended to cover all aspects of criminal law. It came into force in 1862 in all British Presidencies, although it did not apply to the Princely states, which had their courts and legal systems.   HISTORY The first draft of the Indian Penal Code was prepared by the First Law Commission, chaired by Thomas Bab...

  WHAT IS A BUDGET? A budget is made to get an estimate of income and expenditure. It is different from an account which is a recording of a financial transaction. The budget is an extremely vital part of the economy of any nation since it helps in planning and controlling its financial affairs. The need for a government budget arises from the fact that income and expenditure do not happen at the same time. A revenue receipt and expenditure flow do not coincide in time.  GOVERNMENT BUDGET A government budget is made to approach and address the needs and issues of a country. It is an annual financial statement where an itemized estimate of revenue expected and expenditure anticipated are listed for the current fiscal year which runs from April 1 of one year to March 31 of the next year.  Elements of government budget :   1. Public Expenditure:  A national budget authorizes public expenditures under two categories: Government purchase of goods and services to serv...