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Hiral Jain

CA inter • 9m

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) Statements mandated under FRBM (Fiscal Responsibility & Budget Management) Act: i. Macro -Economic Framework Statement ii. Medium-Term Fiscal Policy cum Fiscal Policy Strategy Statement Nine other documents which are in the nature of explanatory statements supporting the mandated documents are also presented along with the documents mentioned above. By convention in an election year, the budget may be presented twice. The first one is to first secure a Vote on Account for a few months. followed by the Annual financial statement for that year or the full-fledged Budget. (during the election Year) Check out the comments for a fact. Until next time!

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Shiv Bharankar
•

Medial • 9m

such a well researched post🙌

Hiral Jain

CA inter • 9m

Previously budget was presented on the last date of February and we had a separate budget for railways, However from 2017-18, the date of presentation of the budget has been advanced to 1st February. An important budgetary reform was the merger of railway budget with the General budget from the budget for the financial year 2017-18.

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Hiral Jain

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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

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AprameyaAI • 1y

The Union Budget 2024 is set to be presented on July 23, 2024. "Morgan Stanley" expects the fiscal deficit target to be retained at 5.1% of GDP in F2025 and to reach 4.5% of GDP by F2026. The stock market tends to fall 80% of the time in the 30 days

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Mahendra Lochhab

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India's finished steel imports rose by 22% in fiscal year 2023-24, though growth slowed in the first half of fiscal year 2024-25 after safeguards were implemented.

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Gangesh Rameshkumar

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Today's term of the day: Fiscal Year A fiscal year is a 12 month accounting period that a company uses for financing purposes. Unlike a calnedar, it doesn't need to start on Jan 1 and end on 31st Dec. Businesses typically have their fiscal years al

Anonymous

Hey I am on Medial • 1y

As the election time is coming to a end part the budget of the new government will we very important as the world economy is going down rapidly. What are the expectations and thoughts of the public for budget?

3 Replies

Mahendra Lochhab

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India's fresh fruit import industry was valued at over ₹143 billion in the 2023-24 fiscal year

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In the 2022–2023 fiscal year, the auto components industry in India had its highest-ever turnover of $69.7 billion, a 32.8% increase from the previous year