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Public Finance, Taxes and Fiscal Policy

Public Finance studies the finances of the government, i.e., government’s receipts (revenue receipts and capital receipts) and government’s expenditure (revenue expenditure and capital expenditure). Government’s revenue is called Public Revenue and government’s expenditure is called Public Expenditure. The classical theory and practice of economics were based on “Laissez Faire” or

Allocation to  the most important budget schemes in Union Budget 2018-19

In the Union Budget Estimate 2018-19, most schemes have been bolstered, but some have been cut. Pradhan Mantri Krishi Sinchai Yojna INCREASED Revised Estimate, 2017-18 Budget Estimate, 2018-19 Change Rs 7,392 crore Rs 9,429 crore 27.56% Pradhan Mantri Gram Sadak Yojna INCREASED Revised Estimate, 2017-18 Budget Estimate, 2018-19 Change Rs 16,900 crore Rs 19,000 crore 12.43% Aimed at providing all weather road connectivity in rural areas of

Indian stock markets crash on global clues; Sensex ends 1,274 points lower, Nifty nosedives 390 points 

Unprecedented Crash India’s stock markets fell from its never seen peak on February 06 as panic in global markets triggered a sell-off at Dalal Street with Sensex crashing 1,003 points and Nifty erasing as much as 371.4 points in the opening trades. A market-wide sell-off pattern was observed in the Indian equities

India’s ‘unwanted’ girls: Economic Survey highlights how preference for sons is hurting daughters

sex-ratio-India’s ‘unwanted’ girls

While an average Indian family prefers to have two children, there are instances where families have more than five children if the last child is not a male. The Economic Survey has mentioned that the desire for a male child has created 21 million “unwanted” girls in India between 0 and

Highlights of Union Budget 2018-2019

budget-2018

Finance Minister Arun Jaitley presented his Budget for the year 2018-19 in Parliament on February 1, 2018.  The budget is largely focused on uplift of agricultural sector, along with major push to healthcare and education sectors in the country. The FM claimed that government has worked sincerely, and without weighing

Economic Survey 2018 Highlights

Economic Survey 2018

GDP to grow 7-7.5% in FY19; India to regain fastest growing major economy tag GDP growth to be 6.75% in FY2017-18. NITI Aayog Vice Chairman says that he hopes the government sticks to its 3% fiscal deficit target for FY19 but that it was possible that the deficit could

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