What is Union Budget?

According to Article 112 of the Indian Constitution, the Union Budget of a year, also referred to as the annual financial statement, is a statement of the estimated receipts and expenditure of the government for that particular year. Theme 1: ASPIRATIONAL INDIA Agriculture Sector • Budget is aimed at doubling farmer income by 2022 by: State […]

DEFENCE EXPENDITURE

Focus: GS-III Indian Economy, Internal Security Why in news? It may be seen from  data of economic survey that Defence Budget as a percentage of GDP may appear to be decreasing due to increasing trend in the growth of GDP. However, it is increasing in absolute terms, implying higher spending. Details The Indian Army, given […]

Highlights of the Budget 2020

What is Union Budget? According to Article 112 of the Indian Constitution, the Union Budget of a year, also referred to as the annual financial statement, is a statement of the estimated receipts and expenditure of the government for that particular year. Theme 1: ASPIRATIONAL INDIA Agriculture Sector • Budget is aimed at doubling farmer […]