Budget Terms

By -

Budget Terms Simplified

There are lots of terms in budget, which are difficult to understand like what is the meaning and what is the importance in budget. Below are the some important terms, one can understand easily.

Budget Estimates: It is an estimation of income and expenses for the year. This is the first step of the government to prepare budget accordingly. Same as we make estimate for the month before taking our salaries.

Budget Deficit: As it appears from its name just more expenses then income. It is a situation when government think for other sources to control over it. Same like as general saying ‘Chadar Dekh Kar Per Pasaro”.

Consumer Price Index: A price index covering the prices of consumer goods. This is contrasted with a more general price index, such as the GDP, which also includes investment gods and goods purchased by the government.

Finance Bill: Before become the fiance act it is a finance bill. Finance bill have proposals, but when it is passed in parliament and it becomes the finance act.

Subsidies: Financial aid provided by the Center to individuals or a group of individuals to be competitive. The grant of subsidies is also aimed at improving their skills of those who benefit from the subsidies.

Disinvestment: Disinvestment, sometimes referred to as divestment, to meet the expenditure or otherwise sale of its part or whole of its ownership in a PSU.

Taxes: To generate income and to meet the expenditure of estimation in budget, the government make new taxes, reduce taxes, enhance taxes in the shape of direct taxes and indirect taxes. For example: income tax, central excise, service tax,

Gross Domestic Product (GDP): The gross domestic product (GDP) or gross domestic income (GDI) is a basic measure of a country’s overall economic output. It is the market value of all final goods and services made within the borders of a country in a year. It is often positively correlated with the standard of living,  though its use as a stand-in for measuring the standard of living has come under increasing criticism and many countries are actively exploring alternative measures to GDP for that purpose.
Capital Expenditure: Long-term in nature they are used for acquiring fixed assets such as land, building, machinery and equipment. Other items that also fall under this category include, loans and advances sanctioned by the Center to the State governments, union territories and public sector undertakings.

Capital Receipt: Loans raised by the Center from the market, government borrowings from the RBI & other parties, sale of Treasury Bills and loans received from foreign governments all form a part of Capital Receipt.

 

Popular posts from this blog

Kayastha

By -
Image
.                                       Chitragupt Maharaj                           Progenitor of the Kayasthas                        Left: Devi Sudakhina and four Sons, Right: Devi Iravati & Eight Sons   Kāyastha   or   Kayasth   ( Hindi :   कायस्थ ) is a   caste /ethnic-group of India. They are the only sect who are referred to as direct descendants of a Vedic God in the religious texts and the only ancestor worshipping sect of Hinduism also called Chitranshi/Devputra [1] . They are said, in the Vedas   and   Puranas , to have a dual-caste status i.e.   Brahmin   and   Kshatriya . They are mainly spread across   North India   and are a sub-sect of Brahmins   whose ancient profession was writing   [2]   [3]   [4]   [5] The Sanskrit dictionary at   Hindunet.org   defines Kayastha as follows: ka_yastha, ka_yata   a man belonging to the writer-caste; a tribe of bra_hman.as whose employment is writing (Ka.)(Ka.lex.) . BRAHMINS   by vedah.net   is an arctic
Read more

All About GOA

By -
= = = = = = = http://www.bits-goa.ac.in/About%20BPGC/BITS%20360/index.html Goa is India 's smallest state in terms of area and the fourth smallest in terms of population . Located on the west coast of India in the region known as the Konkan , it is bounded by the state of Maharashtra to the north, and by Karnataka to the east and south, while the Arabian Sea forms its western coast. Panaji is the state's capital. Vasco da Gama is the largest city. The historic city of Margao still exhibits the influence of Portuguese culture. The Portuguese first landed in Goa as merchants, in the early 16th century, and conquered it soon thereafter. The Portuguese overseas territory existed for about 450 years, until it was annexed by India in 1961. Renowned for its beaches , places of worship and world heritage architecture , Goa is visited by large numbers of international and domestic tourists each year. It also has rich flora and fauna , owing to its location on the West
Read more

Steam Engineering.

By -
Image
. http://www.spiraxsarco.com/resources/steam-engineering-tutorials.asp   These tutorials explain the principles of steam engineering and heat transfer. They also provide a comprehensive engineering best practice guide covering all aspects of steam and condensate systems; from the boiler house and steam distribution system up to the point of use; through the condensate recovery system and returning to the boiler. Virtually all major applications and products are discussed. 1.        Introduction 2.        Steam Engineering Principles and Heat Transfer 3.        The Boiler House 4.        Flowmetering 5.        Basic Control Theory 6.        Control Hardware: Electric/Pneumatic Actuation 7.        Control Hardware: Self-acting Actuation 8.        Control Applications 9.        Safety Valves 10.     Steam Distribution 11.     Steam Traps and Steam Trapping 12.     Pipeline Ancillaries 13.     Condensate Removal 14.     Condensate Recovery 15.     Desu
Read more