An expenditure that neither creates assets nor reduces a liability is categorised as revenue expenditure. If it creates an asset or reduces a liability, it is categorised as capital expenditure.

• The interest paid by the Government of India on all the internal and external loans does not produce any assets, so it is revenue expenditure.
• The salaries and Pension paid by the Government to Government employees is needed to run the Government's business. It is revenue expenditure.
• The subsidies forwarded by the government to all sectors do not produce any productive asset, so it is revenue expenditure.
• The defense expenditures which are needed for smooth operation of the standing armed forces is a revenue expenditure. However, purchase of equipments produces assets, so that would be a Capital expenditure.
• The postal expenditures and deficits are Revenue expenditures.
• The money spent of maintaining the law and order situation of the country is also revenue expenditures.
• The money spent on various social services such as public health, education, poverty alleviation, scholarships, etc. all revenue expenditures.
• The grants given by the Government of India to states and other countries is Revenue expenditures.

An expenditure which either creates an asset (e.g., school building) or reduces liability (e.g., repayment of loan) is called capital expenditure.

The Group of Seven (G7) is an informal grouping of seven of the world's advanced economies consisting of Canada, France, the United States, the United Kingdom, Germany, Japan and Italy. The European Union is a non-enumerated member of the G7 but neither chairs nor hosts Summits.

Russia was suspended from the group - then called the G8 - in 2014 because of its annexation of Crimea from Ukraine.

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By the end of the fourth century B.C., there was a serious famine in the Ganges valley. Many Jain monks led by Bhadrabagu and Chandragupta Maurya came to Sravana Belgola in Karnataka.

Those who stayed back in north India were led by a monk named Sthulabahu who changed the code of conduct for the monks.

This led to the division of Jainism into two sects Svetambaras (whiteclad) and Digambaras (Sky-clad or Naked).

The first Jain Council was convened at Pataliputra by Sthulabahu in the beginning of the 3^rd century B.C.

According to the Digambara sect of Jainism, there were five Shruta Kevalins in Jainism - Govarddhana Mahamuni, Vishnu, Nandimitra, Aparajita and Bhadrabahu.

Shrutakevalin is a term used in Jainism for those ascetics who have complete knowledge of Jain Agama (texts).

Magadha

Charter act of 1813 ended the monopoly of the East India Company in India; however the company's monopoly in trade with China and trade in tea remained intact. Company's remaining trade monopolies removed by Government of India Act 1833.

Some of the Feature's of Charter Act 1813 are:

• For the first time explicitly defined the constitutional position of the British territories in India.
• Made provisions to grant permission to the persons who wished to go to India for promoting moral and religious improvements. (Christian Missionaries)
• This act regulated the company's territorial revenues and commercial profits.
• There was also a provision that Company should invest Rs. 1 Lakh every year on the education of Indians.