Government Budgeting in India

sin-tax

Things to know about Sin Tax

Sin Tax refers to a tax levied on all products and consumer goods known as vices or unhealthy for social growth and consumption of which may cause negative externalities. Sin Tax is thus a subtle way to discourage people from participating in…

jaitley-budget

Budget making Process in India

The job of FM’s is second most difficult after PM in India, given the compulsions of balancing the aspirations of industries, stock markets, investors, global markets and common man on one hand and fiscal consolidation, reducing subsidies, higher tax to…

indian-farming

 Agriculture in Budget 2015-16

According to the new CSO estimates based on 2011-12, agriculture and allied sector contribution to the overall GDP has increased from 14 to 18%. The focus of the new government now is to increase the yield/productivity in order to increase…

india-1-rupee

Relevance of Budget

Budget is an important tool of financial administration in addition to being the most powerful instrument of legislative controls and of executive management. Budgeting involves the largest number of policy questions in the course of making the fiscal decisions. Budget…

indian-railway

A Modest Rail Budget

Better passenger amenities, safer rail travel, modernization, capacity addition and financial self-sustainability are the goals outlined in the Railway Budget 2015. Preparing budget focusing on building infrastructure, passenger services and capacity within the limited resources is surely an uphill task.…

indian-women

Budgeting the gender disparity

India ranks 114 out of 142 nations in the global gender gap index. The index signifies the gender disparity in the country and the gross inequality prevailed in a 3rd largest economy (in terms of PPP) of the world. The…