India Union Budget

The Indian Budget is a schematic plan of India’s financial and operational goals. It is an action plan that facilitates allocation of resources in India.The Government of India Budget, also known as the Union Budget, is primarily made up of the Revenue Budget and Capital Budget.

The Indian Budget is a schematic plan of India’s financial and operational goals. It is an action plan that facilitates allocation of resources in India.The Government of India Budget, also known as the Union Budget, is primarily made up of the Revenue Budget and Capital Budget.

• Revenue Budget: The revenue budget primarily comprises Government revenue receipts like tax and expenditure met from the revenue. The tax revenues principally constitute yields of taxes and other duties imposed by the Government of India.
• Capital Budget: The capital budget primarily comprises capital receipts and payments.

The primary components of capital receipts include loans brought up by Government of India from public, termed as market loans. Some of the other components of capital receipts include borrowings by Government from Reserve Bank and loans obtained from foreign governments and bodies.

The primary components of capital payments include capital expenditure on acquisition of assets like equipment, machinery, land and buildings. Capital payments also include transactions in the Public Account and investments in shares.

Budget: A brief look

In a nutshell, the India Budget depicts receipts and expenses along with full details of tax revenues and other receipts. The budget also explains the revenue deficit, gross fiscal deficit and the gross primary deficit of the Central Government.

Agriculture Budget

Since the majority of the Indian population are dependent on Agriculture for their livelihood, the India Budget places an emphasis on agriculture. The main objective is to be self-sufficient in food. India also aims to offer cheaper credit to farmers as part of an ongoing scheme to bring farmers into the banking system.

India Budget 2009 – Interim Budget

• India Budget 2008

• Budget Expectations 2008

• India Railway Budget 2008

• Liabilities
• Revenue Deficit
• Fiscal Deficit
• Primary Deficit
• Direct Taxes
• Indirect Taxes
• Revenue Expenditure
• Revenue Receipts
• Capital Receipts
• Budget And Economy