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The Union Budget of India, also referred to as the Annual Financial Statement in Article 112 of the Constitution of India 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 ...
A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
Fiscal deficit pegged at 6.9% in 2009-10 as against 7.8% in the previous fiscal. Government's net borrowing to be ₹ 3,45,010 crore for 2010-11. Income-tax department ready with two-page Saral-2 returns form for individual salaried assesses. Personal income-ax rates pruned: Income up to ₹ 1.6 lakh — nil
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. The first budget of India was presented on April 7 1860 by Scotsman James Wilson.
The 2024 Interim-Union Budget of India [1] provides comprehensive information regarding the projected revenue and government spending for the fiscal year 2024–25, commencing on 1 April 2024 and concluding on 31st March 2025. [2] [3] [4]
The deficit stood at 0.2% of gross domestic product in the latest quarter, compared with a deficit of $2.6 billion, or 0.4% of GDP, in the same period a year ago, RBI data showed. India posts ...
Aim to achieve 7-8 per cent economic growth rate in next 3-4 years; Will leave no stone unturned to create a vibrant India; Budget proposes Plan expenditure of ₹ 5.75 trillion (US$67 billion) for the current fiscal; Anti-poverty programmes will be targeted well. We need to revive growth particularly in manufacturing sector and infrastructure
and other documents presented as per the provisions of the Fiscal Responsibility and Budget Management Act, 2003. for the financial year 2017 – 2018. It was presented before the parliament on 1 February 2017 by the Finance Minister of India , Arun Jaitley with 21.47 lakh crore rupees (US$336.39 billion) budget size.