Question

how can a government attain financial autonomy?

Answer 1

Hope this will help u,The Centre wants research institutions funded by government to attain financial autonomy and become self-sufficient by tapping the corporate sector and unlocking value from IPRs they have created, Union Minister of State for Science and Technology Y S Chowdary said today. 

The minister, who assumed charge earlier this week, said his target is to see that these institutions no longer depend on government for funding. 

"I would like to recommend the Central government that all these institutions should become autonomous and self sufficient...They should not depend on the government (in terms of finance) and that is my target," he said. 

"They (research institutions) should meet corporates who have funds to invest (in research) and these institutions should be made autonomous financially also so that they can excel," Chowdary told reporters during a visit to the Centre for Cellular and Molecular Biology (CCMB) here. 

Answer 2

The federal form of government produces for allocation of powers within the Center and State Governments. To guarantee financial freedom the causes of income for both the necessary administration and state governments are clearly stipulated in the organization, which indicates their main sources of income. For Central government, the principal source of revenue is the Income-tax, custom and excise duties, sales tax, service tax which is obtained from the people of India in the form of taxation.