The Receipts book is the government's record of revenues. All government earnings are clubbed under two heads; tax revenue and non-tax revenue.
The expense account is the record of the government‘s expenses. There are two kind of expenditures; revenue expenditure and capital expenditure.
The fiscal deficit is a measure of the government‘s annual borrowing. The government borrows because its expenses, like those of a household, often exceed income. It raises loans from the market; issues treasury bills and borrows from small savers.
Finance in their Budget speeches have often quoted poets, saints, economists and litterateurs to buttress a given political social and economic context.
Finance Minister Arun Jaitley presented the economic survey, authored by the chief economic adviser, on Tuesday January 31, 2017. It is an official report on the economy and sets the tone for the Union Budget.
Financial year and assessment year. Financial year (FY) runs from April 1 to March 31 of the next year; assessment year (AY) is the year following the FY. Tax on income earned in an FY is paid during the AY.
It all begins with the finance minister‘s speech in the Lok Sabha. The Budget is then tabled in parliament. Discussions on the economy and broad Budget measures take place without voting. The parliament then breaks for a three-week recess. Parliamentary Standing Committees give reports on ministries‘ estimates or demands for grants.
The exercise to make the Budget is a long-drawn one. It juggles political pressures, economy‘s priorities and utmost secrecy. Budget work begins in August with a circular to ministries and departments. They reply with details of funds they need.
The finance minister's Budget speech is a highly watched event. The annual Budget can augment or cut people's incomes.
In what is being popularly called a surgical strike against black money, last evening Prime Minister Narendra Modi announced the withdrawal of Rs 500 and Rs 1,000 notes which were in circulation.
The people of United States of America vote for their 45th President on November 8. Two presidential hopefuls -- Republican candidate Donald Trump and Democrat candidate Hillary Clinton -- have had two rounds of debates with one more to go.
This week on Overdrive, Jamshed Patel drives the all new Mercedes-Maybach S600 and on the other hand he hits the road with 2015 Audi S5. Also, Bertrand D‘Souza answers all the viewer queries in 'Auto Selector'.
CNBC-TV18's Shereen Bhan spoke to the BPCL chairman S Varadarajan who is dealing with volatile crude prices, and Akhil Gupta of Bharti Airtel for his views on where the zero tariff plan has actually backfired.
Indian exporters who in spite of all the odds have done the country proud by touching new highs year after year and they have put India on the world map. As a tribute to them, CNBC-TV18 has partnered with State Bank of India (SBI) to host the 5th edition of the International Trade Awards this year.
Winners of this years EY Entrepreneur of the Year 2014 Awards are an inspiration in themselves. EY Passion to Win chronicles the success stories of these innovative game changers. Our achiever today has turned a utilitarian product into one of India's biggest brands - MB Parekh, Pidilite Industries.
Winners of this years EY Entrepreneur of the Year 2014 Awards are an inspiration in themselves. EY Passion to Win chronicles the success stories of these innovative game changers. Our achiever today is the first woman chairperson of India's largest bank. â€“ Arundhati Bhattacharya, Chairman, State Bank of India.
Sushil Gupta, chairman at Richa Industries has received research, design and standards organization approval from the ministry of railways. He is expecting a lot of business to come the company‘s way from the railways next year itself.
Singh, who has also been in talks with SpiceJet promoters â€“ the Marans - to bag investments of up to USD 200 million, is also working to get two foreign PE investors on-board.
Viraf Patel the dynamic chef and owner of â€˜Cafe Zoe' has conquered the hearts and the taste buds of Mumbaikars. His worlds revolve around the food
The city of Bangalore has a lot to offer a resident, great food, great shopping and the Indian version of Silicon Valley. Where do Bangalorians venture to when the city life gets too much for them? Weekend Wonderlust takes you to the jungle safari in the Nilgiris.
Raw sugar exporters are given a subsidy to help the cash-starved industry to pay arrears to sugarcane farmers.
International Indian Achiever's Award celebrates the heights that Indians have scaled across the world with the Indian spirit of hard work and excellence.
How can a 100 new cities change India. That is the question being dealt with on this week's Change India.
In an intervie to CNBC-TV18, Malvinder Singh, executive chairman, Fortis Healthcare says he has three priorities, all revolving around expansion plans in India
According to Arvind Mayaram, rupee at 63 against the dollar is not a matter of concern. He believes if the Indian currency reaches 63 and then pulls back, then that is range bound, because these are normal market operations.