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Hiral Jain

Content writer • 6m

Ever wondered how is country's budget prepared? Budget-1 Fact: there is no such word as budget in our Indian constitution Acc to Article 112 of the Indian constitution it is known as an “Annual Financial statement” In our case though the budget is announced on the 1st of Feb every year, its preparation starts from the Aug-Sep month of the preceding year, the ministries (sub-division of Ministry of Finance) provide a document (budget circular)to the state finance ministers, investors, local ministry etc. This document has (i) Budget estimates (BE) of receipts and expenditure in respect of current and ensuing financial year(25-26) (ii) For the current year (24-25)through Revised Estimates (RE); and (iii) Actuals of the year preceding the current year (23-24) , these meetings and questions go on for at least a month, later the members of the finance minister asses if the amount demeaned by various states is feasible? (check out the next post)

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Hiral Jain

Content writer • 6m

Budget-2 After these consultations, our finance minister sets off for the budget speech, For people who have never watched an annual budget speech (like me) It is divided into two parts, In brief, Part A the budget estimates for the next financial

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Anonymous

Hey I am on Medial • 11m

Union Finance Minister Nirmala Sitharaman announced the establishment of a Rs 1,000 crore venture capital fund to encourage the development of space technology during her Budget 2024 speech. The fund will significantly help in the expansion of India

Mahendra Lochhab

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The growth in assets of non-banking finance companies (NBFCs) in India is expected to sharply decline to 15-17 per cent year-on-year (Y-o-Y) in the current and next financial year from 23 per cent in FY24.

Hiral Jain

Content writer • 6m

Budget-4 The list of budget documents presented to the parliament, besides the finance minister’s budget speech, is given below: (a) Annual Financial Statement (AFS) (b) Demands for Grants (DG) (c) Finance Bill (contains of taxation policies) (d) St

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Muttu Havalagi

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Decline in India's Household Savings Net household savings in India declined to a 47-year low of 5.1% of gross domestic product in FY23, compared to 7.2% in the previous year. The finance ministry attributes this to changing consumer preferences for

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"Manmohan Singh’s Landmark 1991 Budget Speech: The Dawn of a New India" Manmohan Singh’s Historic 1991 Budget Speech: A Turning Point in India’s Economic Journey On July 24, 1991, then Finance Minister Dr. Manmohan Singh delivered a landmark budget

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Sumangal Bose

Jack of all trades • 1y

Most important financial news of this week related to Indian Economy. ¶° India’s fiscal deficit for April-May stood at Rs 50,615 crore or 3% of the total estimated fiscal deficit for the entire financial year. ¶° India’s infrastructure output ros

Mahendra Lochhab

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The Indian semiconductor industry is expected to grow from $34.3 billion in 2023 to $100.2 billion by 2032, with a compound annual growth rate (CAGR) of 20.1%. Other estimates put the market at $150 billion by 2030, with a CAGR of 24%.

Prem Siddhapura

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**Tax Revenue Hits Record Highs** 📈 The government’s net direct tax collection, post-refunds, surged 15.4% to ₹12.3 lakh crore between April and November 10, 2024. Gross collections also saw a robust 21.2% increase, reaching ₹15.02 lakh crore. 💰

anant

Nothing • 7m

india export import data is out as per commerce ministry this year india target is 8billion by end of f.y. in the month of nov the data looks good this year india is growing at 7 percentage per annum , 67.79million for import n 70 for export