List of Union Budget Articles

The Union Budget 2026 is one of the most important annual announcements made by the Government of India. It lays out how the country plans to earn and spend money in the coming financial year. From taxes and savings to fuel prices, infrastructure, jobs, and welfare schemes, the Union Budget influences nearly every aspect of daily life whether you’re a salaried professional, business owner, student, […]

In the interim budget, the central government may opt for increasing allocation to Pradhan Mantri Awas Yojna (PMAY) or affordable housing scheme. Increasing allocation to this scheme is justified on the ground that higher interest rates have increased the cost of home loans for Indians. In the past two years, demand for middle income category housing has gone down because of higher interest rates. On […]

The hospitality industry was among the industries most severely hit by Covid lockdowns. The industry expects more incentives from the Interim Budget. One of its key expectations is that GST rates on hotel rooms should be lowered. Currently, GST rate on hotel rooms is 12% for rooms priced below Rs 7,500. For rooms that are priced above Rs 7,500 per night, the GST rate is […]

The Interim budget that will come on 1st February, 2024 is the budget before the General Elections. Will the government opt for the path of fiscal consolidation and conservatism in this budget? Its fiscal deficit target for FY 24 is 5.9% of GDP. Will it opt for a lower fiscal deficit target in Interim Budget? Budgets just before elections tend to be populist Budgets just […]

In order to give a boost to manufacturing, in 2019, the Government announced 15% corporate tax rate for new manufacturing companies that are set up before 31

GDP = Private Consumption + Private Investment + Government Expenditure + Net Exports. The Budget can have policy measures that can impact each of the above measures. One of the focus areas of the Interim Budget can be how to give a boost to private consumption. Private consumption, especially in rural India, remains subdued Private consumption in the Indian economy has picked up in recent […]

The most accurate measure of economic prosperity of a country is its GDP per capita or per capita income. It is calculated by dividing the total GDP of the country by its total population.

When the expenditures of a government are more than its revenues in a given financial year, it is known as fiscal deficit. When the revenues of the government are more than the expenditures, then it is known as fiscal surplus.

A special provision is, therefore, made for "Vote on Account" by which Government obtains the Vote of Parliament for a sum sufficient to incur expenditure on various items for a part of the year.

The next Finance Minister, C.D. Deshmukh presented the first budget in the first elected Parliament on the basis of adult franchise.

Finance Minister presents the annual Union Budget in the Parliament generally on the last working day of February. The Budget is the most extensive account of the Government finances, in which revenues from all sources and expenses of all activities undertaken are aggregated.