Budget 2023: Take A Look At The Structure And Components Of The Union Budget
1 year, 11 months ago

Budget 2023: Take A Look At The Structure And Components Of The Union Budget

ABP News  

The Budget for the year 2023-24 is around the corner. It is divided mainly into two sections —Budget Receipts and Budget Expenditures. The Budget Receipts comprise – Capital Receipts and Revenue Receipts Capital Receipts: Capital Receipts are the receipts that either create liability or cause a reduction in assets for the government. Revenue Receipts: Revenue Receipts are receipts that neither create any liability nor reduce the government's assets. The Budget Expenditure comprises – Capital Expenditure and Revenue Expenditure Capital Expenditure: Capital expenditures are expenditures that either create an asset or reduce liability for the government.

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History of this topic

Budget 2023: Key terms in the budget explained
10 months, 3 weeks ago

Budget 2023: Key terms in the budget explained

Hindustan Times  

Union Finance Minister Nirmala Sitharaman is set to present the interim Budget 2024 in Parliament on February 1- the last budget before the country goes into general elections. Here are some important terms that you should understand to be able to comprehend the budget announcements better: Budget 2023: Union Finance Minister Nirmala Sitharaman is seen. Consolidated Fund The entire revenue …

Interim Budget 2024: Your guide for understanding all key terms
11 months, 1 week ago

Interim Budget 2024: Your guide for understanding all key terms

India Today  

Finance Minister Nirmala Sitharaman is scheduled to present the Interim Budget 2024 on February 1, 2024. Sitharaman is expected to address various financial indicators, including inflation, fiscal deficit, capital expenditure, revenue receipts, bad loans, and more, during the budget speech. Fiscal Deficit Fiscal deficit means when a government's total expenditure exceeds total revenue, excluding any external borrowings. It is extremely …

Budget 2023: What do capital expenditures and revenue expenditures mean?
1 year, 10 months ago

Budget 2023: What do capital expenditures and revenue expenditures mean?

Live Mint  

Finance minister Nirmala Sitharaman is all set to present the Union Budget 2023 in the Parliament on February 1. Definition of Capital Expenditure Capital expenditures or capex are the expenditures incurred for high value items and they fulfill the requirements for long term. You incur capital expenditures when you pay for things like education, books, cell phones, laptops, or big-ticket …

Budget 2023: Know What Is Fiscal Deficit And How It Impacts Economy
1 year, 10 months ago

Budget 2023: Know What Is Fiscal Deficit And How It Impacts Economy

ABP News  

We are less than a week away from the announcement of the Union Budget 2023. Gross Primary Deficit = Gross Fiscal Deficit - Net interest liabilities Net interest liabilities consist of interest payments minus interest receipts by the government on net domestic lending. How Union Budgets See Fiscal Deficit In the Budget documents, the government gives accounts for Revenue Deficit, …

Budget 2023: What are different kinds of budget presented by Centre?
1 year, 11 months ago

Budget 2023: What are different kinds of budget presented by Centre?

Hindustan Times  

All eyes are on finance minister Nirmala Sitharaman's Budget 2023 on February 1. A financial statement of the government’s expected receipts and expenses for the upcoming fiscal year, the union budget offers a bird’s eye view of the state of the economy. Balanced Budget: A budget is considered balanced when the estimated government expenditure is the same as the expected …

Budget 2023 | How to read the Budget document
1 year, 11 months ago

Budget 2023 | How to read the Budget document

India TV News  

Budget 2023: Finance Minister Nirmala Sitharaman will present the Union Budget on February 1. Even though it is only a small part of the Budget document, the speech is the most important aspect. BUDGET 2023: FULL COVERAGE Direct and indirect tax announcements are included in Part B. The government's capital expenditures, administrative expenses, tax revenue, non-tax revenue, subsidy payments for …

Budget Expectations-2023 Live Updates: Will Govt Make the New Tax Regime More Attractive?
1 year, 11 months ago

Budget Expectations-2023 Live Updates: Will Govt Make the New Tax Regime More Attractive?

News 18  

India's Exports in December 2022 Decline 12.2% To $34.48 Billion; Trade Deficit At $23.76 Billion India’s exports in December 2022 dipped by 12.2 per cent to $34.48 billion as against $39.27 billion in the same month last year, according to the data released by the commerce ministry on Monday. Pre-Budget Expectations 2023 Live Updates: Just Dial Freezes at 10% Upper …

Budget 2023: Blue sheet, finance bill, fiscal deficit - understanding key Budget terms
1 year, 11 months ago

Budget 2023: Blue sheet, finance bill, fiscal deficit - understanding key Budget terms

India TV News  

Budget 2023: As India gears up for the presentation of the Union Budget Budget 2023, it is important to understand the language and jargon that is commonly used when discussing the country's financial plans. FAQs Q1: When is the Indian Union Budget presented? A: The Indian Union Budget is presented on the first day of February, by the Finance Minister …

Budget 2023: Where Does Government Spend Money, Understanding Expenditure
1 year, 11 months ago

Budget 2023: Where Does Government Spend Money, Understanding Expenditure

ABP News  

In less than a month Union Finance Minister Nirmala Sitharaman is expected to present Union Budget 2023. Plan capital expenditure relates to the central government’s plan and central assistance for state and union territory plans. Budget 2023: Expenditure of Government of India Aside from these the central government also allocates a large portion of the Budgetary expenditure for centrally Capital …

Understanding the formulation of the Budget
2 years, 10 months ago

Understanding the formulation of the Budget

The Hindu  

The story so far : With the economy still hurting from the pandemic, the Budget on February 1 is likely to address concerns around growth, inflation and spending. Since positive fiscal deficits indicate the amount of expenditure over and above revenue and non-debt receipts, it needs to be financed by a debt-creating capital receipt. Though both expenditure and revenue receipts …

Budget 2022: Date, Time, Key Things to Watch Out For
2 years, 10 months ago

Budget 2022: Date, Time, Key Things to Watch Out For

News 18  

Union Budget 2022: Since decades, the central government holds a budget session in the Parliament where a host of decisions regarding the country’s economic growth, and its economy in general, is taken. Here is Everything You Need to Know About Union Budget 2022 Budget 2022 Date and Time The Union Budget will be presented on February 1, Tuesday by the …

Budget 2022: From 'bahi-khata' to halwa ceremony, a look at interesting facts
2 years, 11 months ago

Budget 2022: From 'bahi-khata' to halwa ceremony, a look at interesting facts

Firstpost  

In 2019, finance minister Nirmala Sitharaman had switched from carrying a briefcase to a ‘bahi khata’ or a ledger. In 2020, she read out the Budget statement from a tablet Finance Minister Nirmala Sitharaman is set to present the Union Budget 2022-23 at 11 am on 1 February. In 2019, Sitharaman had switched from carrying a briefcase to a ‘bahi …

Union Budget 2022-23: All key financial terms explained for you
2 years, 11 months ago

Union Budget 2022-23: All key financial terms explained for you

India Today  

Union Budget 2022-23 is all set to be presented by Finance Minister Nirmala Sitharaman on February 1. During the budget speech, the finance minister is expected to make several announcements and speak about financial indicators like inflation, fiscal deficit, capital expenditure, revenue receipts, bad loans and more. Fiscal Deficit Fiscal deficit means when a government's total expenditure exceeds total revenue, …

From fiscal deficit to tax slabs: Key figures to watch out for in Union Budget 2021
3 years, 10 months ago

From fiscal deficit to tax slabs: Key figures to watch out for in Union Budget 2021

Hindustan Times  

Finance minister Nirmala Sitharaman is set to present the Union Budget in Parliament on Monday, February 1. Here are some key figures/elements to look out for in Union Budget 2021: Fiscal deficit There are four deficit numbers present in the budget document: revenue deficit, effective revenue deficit, fiscal deficit and primary deficit. The more the fiscal deficit, the more market …

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