What is the process of government budgeting in India? What are the constitutional requirements regarding the annual financial statement? How knowledgeable are you regarding the government budgeting process of India? In this post, we explain the basics of Indian Budget and Government Budgeting process for beginners. What exactly is a budget? As you know, the […]
UPSC Mains General Studies Paper 3 (GS3)
FRBM Act – Guidelines, Targets, and Escape Clause
The FRBM Act was passed by the Parliament of India in 2003 to reduce Fiscal Deficit. Every time when the Union Budget of India is presented, the term FRBM is seen in the news. You may see headlines like ‘FRBM targets are missed’ or ‘FRBM targets are met’. What exactly is FRBM? What is the […]
Budget 2020 – Explainer in layman’s terms
Nirmala Sitharaman, Minister of Finance, presented the Indian Budget 2020 on February 1, 2020. In this article, we shall help you not only understand the key points of the Union Budget 2020 but also understand the key concepts like Fiscal Deficit, Primary Deficit etc. Budget 2020 provides the actual estimates for FY’2018-19, revised estimates for […]
Economic Survey 2019-2020 Summary: 10 Key points which you should not miss!
Finance Minister Nirmala Sitharaman tabled Economic Survey 2019-2020 in both the houses of Parliament. Economic Survey (ES) is the flagship annual document of the Ministry of Finance which gives a detailed account of the various sectors of the economy. The survey not only provides information about the overall economic scenario of the country in the […]
National Infrastructure Pipeline (NIP) – Can this mega-push revive the Indian economy?
National Infrastructure Pipeline (NIP) is the Government of India’s roadmap to make India a 5 trillion dollar economy by 2024-25 by spending 100 lakh crore in infrastructure projects. Indian Economy is now ailing. Along with slowing growth, more-than-desirable inflation raises the fear of a condition called stagflation. In an economy burdened with stagflation, there will […]
India State of Forest Report 2019: Key Findings
India State of Forest Report (ISFR) is prepared by Fores Survey of India (Ministry of Environment Forest and Climate Change) about the forest resources of India. The release of the biennial India State of Forest Report (ISFR) published by Forest Survey of India (FSI) is one of the most awaited events in India. ISFR 2019 […]
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