Economy

Finance Ministry’s The Indian Economy: A Decade in Review Report

What is The Indian Economy: A Decade in Review Report The 74-page document titled The Indian Economy: A Review authored by Chief Economic Adviser (CEA) V Anantha Nageswaran and his team presents a comprehensive analysis of India's economic journey over the...

Finance Ministry Issues ‘Indian Economy – A Review’ Report Instead of Economic Survey

No Economic Survey On January 31? In 2024, India will not have the usual Economic Survey traditionally presented before the Union Budget. Instead, Finance Minister Nirmala Sitharaman will present an interim budget, known as a vote-on-account, on February 1. The...

Union Budget 2024: Date, Timing, and Historical Context

Until 1999, the union budget in India was traditionally presented at 5 pm on the last working day of February. However, in late 1999, then Finance Minister Yashwant Sinha proposed a shift to 11 am, a move aimed at allowing...

Union Budget 2024-25 Overview: Nirmala Sitharaman’s Focus on Economic Growth

On February 1, 2024, as part of the legislature’s budget session, Finance Minister Nirmala Sitharaman will deliver the Union Budget 2024 for the fiscal year 2024–2025. However, due to it being an election year, the budget presented will be a...

Nirmala Sitharaman To Become 2nd FM To Present 6 Consecutive Union Budgets

  Finance Minister Nirmala Sitharaman is on the brink of etching her name in history books as she gears up to present her sixth consecutive Budget (Five consecutive annual Budgets and one interim Budget), an unparalleled feat in Indian parliamentary...

Direct Tax-to-GDP Ratio Hits 23-Year High in FY23: CBDT Report

The Central Board of Direct Taxes (CBDT) released data, revealing that the direct tax-to-GDP ratio for the fiscal year 2022-23 (FY23) reached a remarkable 23-year high, standing at 6.11%. This surge was attributed to a substantial increase in direct tax...

What is Capital Budget and Revenue Budget

In the realm of government financial planning, two crucial components are the Capital Budget and the Revenue Budget. While both contribute to the overall fiscal framework, they have distinct impacts on the government's assets and liabilities. Capital Budget The Capital...

SEBI Chairperson Launches CDSL’s Multi-Lingual Initiatives for Investor Ease

In celebration of its silver jubilee year, Central Depository Services (India) Limited (CDSL), Asia’s first listed depository, took a significant step towards inclusivity and accessibility in the capital market landscape. SEBI Chairperson Madhabi Puri Buch launched two groundbreaking multi-lingual initiatives...

Introduction to the Budget Process in India

1. Introduction to the Budget Process in India The budget process in India is a comprehensive and meticulous procedure that involves various stages, from its inception to final approval. This process is a crucial aspect of the country's financial management...

Comprehensive Book List on India’s Budget and Economy

Understanding India's budget and economy is crucial for policymakers, economists, and anyone interested in the nation's financial landscape. Below is a curated list of important books that provide valuable insights into various aspects of India's budgetary and economic policies. Reading...