Budget: GK, Current Affairs, Questions, Trivia and News

Ex-Servicemen Contributory Health Scheme (ECHS)

The ECHS is a government-funded scheme which aims to provide high quality and improved facilities for healthcare to the various Ex-Servicemen Pensioners and their associated dependents via a network of ECHS Polyclinics, Service medical facilities, and Empanneled Civil & Govt hospitals all over the country. What is the Ex-Servicemen Contributory Health Scheme (ECHS)? The ECHS ..

New index to Assess Quality of Central and State Budgets

The Confederation of Indian Industry (CII) has come out with a Fiscal Performance Index to assess the quality of budgets presented by the Centre and state governments. Fiscal Performance Index Fiscal Performance Index (FPI) is an innovative tool which uses multiple indicators to examine the quality of Budgets at the Central and State levels. It ..

Ministry of Finance starts ‘Know Your Budget’ on Twitter to educate general public about budgetary process

The Union Ministry of Finance has started ‘Know Your Budget’ fortnight series on its Twitter handle to educate general public about the budgetary process. The series would explain the importance of Union Budget and its making, and would continue for about a fortnight. In the first series of tweets, the Ministry explained the terms – ..

India signs a loan agreement with World Bank for strengthening public financial management in Rajasthan project

India has signed a loan agreement with the World Bank (WB) for $21.7 million for strengthening the public financial management in Rajasthan project in New Delhi on May 29, 2018. The objective of the project is to contribute to improved budget execution, enhanced accountability and greater efficiency in revenue administration in Rajasthan. It involves strengthening ..

Budget on February 1 to help Kick-Start Projects earlier

The central government expects that its proposal to present the union budget on February 1 will kick start developmental projects from April 1 itself. The government has said that its decision to present the budget early would not get impacted by the recent demonetisation carried out by the government. The Budget for 2017-18 would be ..

Plan Expenditures, Non-Plan Expenditures & Gross Budgetary Support

This article differentiates Plan Expenditure, Non-Plan Expenditure and Gross Budgetary Support and explains why the Rangarajan Panel calls for removal of plan, non-plan distinction. We all know about the Five Year Plans. In the annual budgets, the central plan is the government’s annual expenditure sheet, which follows the five year roadmap developed for the Five year Plan. ..

Union Budget 2010-11

India’s finance minister Pranab Mukherjee unveiled the Union Budget 2010-11 on Friday, February 26, 2010.Budget is not just a statement of Government accounts, but it reflects the Government’s vision and indicates the policy of the government, which decides the path of the economy for the future.In this post the budget has been discussed at a ..