Moneypedia 2019

Union Budget 2019: From 1973 ‘Black Budget’ to 1997 “Dream Budget’, a look back at key Budgets in last 7 decades

The Budget is remembered for the introduction of Wealth Tax, which remained in some form or the other for the next six decades.

Union Budget 2019: Corporation tax is one of the biggest source of direct taxation for the central govt

Corporations with a net income of over Rs 10 crore need to pay a 12 percent surcharge.

Union Budget 2019: People in poverty trap must be given adequate aid to get rid of the vicious cycle

In order to escape the poverty trap, it is argued that individuals in poverty must be given sufficient aid so that they can acquire the critical mass of capital necessary to raise themselves out of poverty.

Union Budget 2019: Mid-cap funds bear high-risk factors, offer high returns; small caps can be volatile

A mid-cap fund is a type of investment fund which focuses its investments on companies with a capitalisation in the middle range of stocks in the investable market.

Union Budget 2019: National Education Policy 2019 seeks to address challenges of access, quality in current system

Piyush Goyal had proposed the launch of a scheme named 'Revitalising Infrastructure and Systems in Education (RISE) by 2022' with a total investment of Rs 1 lakh crore

Union Budget 2019: Capital markets provide platform for investors and businesses to fulfil their financial needs

Capital market can also be divided in terms of the instruments being traded: Stock market or Bond market.

Union Budget 2019-20: What is Demand for Grants?

Demand for Grants includes provisions with respect to revenue expenditure, capital expenditure, grants to State and Union Territory governments together with loans and advances

Union Budget 2019-20: What is a supplementary grant and when is it issued by Parliament

When grants authorised by the Parliament fall short of the required expenditure, an estimate is presented before the Parliament for supplementary grant

Union Budget 2019-20: What does Budget deficit mean; three types of deficits on basis of receipts and expenditures

Budgetary deficit is usually expressed as a percentage of GDP. If revenue expenses of the government exceed revenue receipts, it results in a revenue account deficit

Union Budget 2019: Importance of capital account dealing with receipts, expenditures and creation, dilution of assets

The capital account, as the name suggests, deals with receipts and expenditures that lead to the creation or dilution of assets.