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The Union Budget is the annual financial report of India; an estimate of income and expenditure of the government on a periodical basis. As per Article 112 of the Indian Constitution, it is a compulsory task of the government. [3] The first budget of India was presented on 18 February 1860 by Scotsman James Wilson. [4]
Finance Minister Nirmala Sitharaman presented the Union Budget in the Lok Sabha on 1 February 2024 following the necessary approval from the President of India. During this presentation, the Finance Minister highlighted the crucial aspects of the document and justified the underlying thought process behind the proposed initiatives.
The Union Budget of India, also referred to as the Annual Financial Statement in Article 112 of the Constitution of India.It is the annual budget of the Republic of India set by Ministry of Finance for the following financial year, with the revenues to be gathered by Department of Revenue to identify planned government spending and expected government revenue and the expenditures gathered by ...
IAS: Chairperson: 1 August 2024: 29 April 2025 Lieutenant General Raj Shukla (Retd.) Indian Army: Member: 18 July 2022 [23] 26 March 2027 Suman Sharma IRS Member 25 May 2023 24 May 2029 Bidyut Bihari Swain: IAS: Member: 1 June 2023 [24] 4 September 2028 Sanjay Verma IFS Member 1 February 2024 27 January 2030 Dr. Dinesh Dasa Academician Member ...
The Ministry of Finance (IAST: Vitta Maṃtrālaya) is a ministry within the Government of India concerned with the economy of India, serving as the Treasury of India.In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, currency regulation, banking service, centre and state finances, and the Union Budget.
The average Social Security check for a retired worker was $1,783.55 as of August 2024. ... Building a detailed budget and understanding where your ... Your essential guide to interest-free ...
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Budget of Department of Space [10] Notes and references Nominal INR (crore) % of GDP % of Total Expenditure 2023 Constant INR (crore) 1972-73 55245 18.2325000 0.03% 819.764 Revised Estimate as Actuals are not available [11] [12] 1973-74 67241 19.0922000 0.03% 734.893 Revised Estimate as Actuals are not available [13] [14] 1974-75 79378 30. ...