The Economic Survey for 2024-25 was tabled by Finance Minister Nirmala Sitharaman in Parliament on Friday. The Survey is a report of the state of the Indian economy in the financial year that is coming to a close. It is prepared by the Department of Economic Affairs in the Union Finance Ministry, under the guidance of the […]
Economic Survey 2024-25 Highlights Read More »
Finance Minister Nirmala Sitharaman lists agriculture, MSMEs, investments, and exports as four key engines of development in the Union Budget 2025. Let’s understand how the Union Budget addresses these four engines of growth for Viksit Bharat. In her speech, she highlighted four engines of development for the 2025-26 fiscal year: agriculture, micro, small, and medium enterprises (MSMEs), investments,
Analysis of the 4 engines driving the Union Budget 2025 Read More »
The components of budget primarily are Revenue Budget and Capital Budget, further divided in to receipts and expenditure components.
Components of Government Budget Read More »
The list of Budget documents presented besides the Finance Minister’s Budget Speech, include Annual financial statement, demand for grants and so on.
The Government of India’s accounts are organized into three main divisions:
Consolidated Fund, Contingency Fund, Public Account.
Government of India’s Accounts Read More »
Demand for Grants is a request for funds made by various ministries or departments of the government as a part of the budgetary process.
Fiscal policy is the use of government spending and taxation to influence the economy, to promote sustainable growth and reduce poverty.
1. Consider the following statements: Statement-I: If the United States of America (USA) were to default on its debt, holders of US Treasury Bonds will not be able to exercise their claims to receive payment. Statement-II: The USA Government debt is not backed by any hard assets, but only by the faith of the Government Which one
Fiscal Policy – Budget – Indian Economy, Previous Year Questions(UPSC CSE)(2011-24) Read More »