Page-4 of Budget
Pakistan Budget 2014 allocates Rs.700 billion for Defense
Pakistan’s Defense budget has been raised to Rs700. 2 billion for the fiscal year 2014-15 starting on July 1, compared with Rs 627.2 billion provided in the last fiscal, which shows a jack up of Rs 73 billion. However, the ..
Month: Current Affairs - June, 2014
Highlights of interim Union Budget 2014-2015 Tax proposal
The Union Finance Minister Mr. P Chidambaram presented an Interim Budget for 2014-15. For the period up to June 30, 2014, Mr. Chidambaram reduced excise duty on: (a) Capital goods and consumer non-durables (falling under Chapter 84 and 85 of the ..
Month: Current Affairs - February, 2014
Interim Union Budget 2014-15
The Union Finance Minister P. Chidambaram presented the Interim Budget 2014-15 in the Lok Sabha with an estimated plan expenditure of Rs. 5,55,322 crore and non-plan expenditure of Rs. 12,07,892 crore. Excise duty on cars, two-wheelers, SUVs and capital goods ..
Month: Current Affairs - February, 2014
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 ..
Month: Current Affairs - November, 2011
Category: Government Schemes Current Affairs
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 ..
Month: Current Affairs - March, 2010
Category: Government Schemes Current Affairs