The Indian Union Budget is presented annually by the Finance Minister of India in the Parliament of India. It outlines the government's plans for the next financial year and sets out key policy decisions affecting various sectors of the economy.
Key Components of the Budget:
* Revenue: This includes taxes, non-tax receipts, and borrowings by the government.
* Expenditure: This allocates funds for various government programs, services, and infrastructure projects.
* Fiscal Deficit: The difference between revenue and expenditure indicates whether the government has surplus funds or needs to borrow money.
Budget Highlights:
* Economic Growth: The budget often focuses on growth strategies, investment, and measures to boost economic activity.
* Taxation: Decisions on tax rates, exemptions, and slab structures are crucial for influencing the income tax burden.
* Social Welfare: The budget includes provisions for social welfare schemes, poverty reduction, and affordable healthcare.
* Infrastructure Development: Resources are allocated for building roads, bridges, railways, and other infrastructure projects.
* Environmental Protection: The budget includes measures to protect the environment and promote sustainable development.
Previous Budgets:
You can find information on previous budgets on the websites of the Parliament of India and the Reserve Bank of India. These resources offer historical data and analysis of Indian budgets.
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