Appropriation Bill

June 9, 2017

Appropriation is the process of setting aside the money for a particular purpose or expenditure. As per Article 114 of the constitution of India, no amount can be withdrawn from the consolidated fund of India without authorisation from the parliament of India or legislature of the states. Due to...

Annual Financial Statement

June 9, 2017

Annual Financial Statement is a documents presented to the Parliament in every financial year as a part of the Budget Process under Article 112 of the constitution of India.  This document comprises the receipts and expenditures of the government of current year, previous year and budget year in three...

Healthcare in Union Budget 2017-18

April 9, 2017

The major issues in the healthcare sector in India are low government spending and high out of pocket expenditure on health. There was an expectation of increased budget share of healthcare sector to meet these challenges and the dual challenges posed by communicable and non-communicable diseases. The key budget...

FRBM Act 2003

December 2, 2015

In 1980s, India saw a sharp deterioration of the fiscal situation, which ultimately culminated in the balance of payments crisis of 1991. Within a decade of economic liberalisation, the fiscal deficit and debt situation again seemed to head towards unsustainable levels around 2000. At that time, a need to...