budget

Fiscal Responsibility and Budget Management Act

Fiscal Responsibility and Budget Management Act The FRBM Act 2003 in its amended form was passed by the government to bring fiscal discipline and to implement a prudent fiscal policy. High fiscal deficit was the one major macroeconomic problem faced by Indian economy around 2000. It was argued that high deficits lead to inflation, reduces … Read more

DMPQ- What is the difference between full budget and vote on account?

  Full Budget deals with both expenditure and revenue side but Vote-on-account deals only with the expenditure side of the government’s budget. The vote-on-account is normally valid for two months but a full budget is valid for 12 months (a financial year). As a convention, a vote-on-account is treated as a formal matter and passed … Read more

Union Budget 2019- Key highlights and analysis

The key highlights of union Budget 2019 are  given below : A 10-point Vision for the decade Building Team India with Jan Bhagidari Minimum Government Maximum Governance. To Achieve green Mother Earth and Blue Skies through a pollution-free India. Making Digital India reach every sector of the economy. Launching Gaganyan, Chandrayan, other Space and Satellite … Read more

Mains Booster-Highlights of the budget,2019

Highlights of current year’s union budget and its analysis Highlights of the budget,2019 Income up to Rs 5 lakh exempted from income tax Standard deduction raised to Rs 50,000 from Rs 40,000 Direct tax proposals to provide Rs 23,000 cr relief to 3 crore taxpayers Persons with gross income up to Rs 6.50 lakh not … Read more

 Insolation,heat budget of the earth

    The ultimate source of atmospheric energy is in fact heat and light received through space from the Sun. This energy is known as solar insolation. The Earth receives only a tiny fraction of the total amount of Sun’s radiations. Only two billionths or two units of energy out of 1,00,00,00,000 units of energy … Read more