Professional Documents
Culture Documents
Introduction
The policy of the government to promote economic growth and avoid undesirable effects on the economy through taxation, government expenditure etc is called fiscal policy
The buget is the document that states expenditure and income of the government for the current financial year in which reflect the direction of government policies and properties.
Fact bite:
First finance minister. Number of FM since independence. Maximum no. of budget presented by. Libralization started by Current F.M..
Impact of budget
Inflation
unemployment
GDP
FISCAL DEFICIT
BUGET
INCOME
Revenue EXPENDITURE
Revenue
Capital
Capital
FISCAL DEFICIT
Revenue receipts involves no disposal of assets or incurrence of liabilities, which means the income which is received by the government through tax and non-tax revenue is known as revenue receipt.
Tax
Tax revenue
1.Direct taxes 2.Indirect taxes
Internal borrowing
External borrowing
Capital income
Disinvestment Deposites Providend fund
Revenue expenditure
Revenue expenditure is expenditure concerned with the costs of doing business on a day
subsidy
24000 corers in patrol and diesel 6000 corers in fertilizer 2000 corers increase in food
In our view, the budget was broadly positive for the banking sector. Healthy capital allocation of ~`16,000cr for the recapitalization of PSU banks is expected to strengthen credit growth, while specific measures such as the increase in custom duty on gold imports is likely to channelize higher savings into financial investments, including bank deposits. Introduction of Microfinance Institutions
Government has slashed interest rate on deposits in Employees Provident Fund from 9.5% to 8.25% for 2011-12 affecting over 4.7 crore subscribers. This cut was proposed by the Finance Ministry and a notification was issued by the Labour Ministry, official sources said.
Capital expenditure
Infrastructure
AGRICULTURE
Disinvestment
Gold tax
Subsidies
DTC-GST
Fuel price
For investor
For cosumer
PREPARED BY:
Viradiya trupti Ajay baojani Kajal nasit Nidhi khandhediya