Announcements of Union Budget 2018-19: Download PDF Summary

Union Budget 2018-19 Summary Download PDF

Finance Minister Arun Jaitley presented the Union Budget 2018-19 for financial year 2018-19, highlighting the government’s economic reforms undertaken in the last four years and its achievements. This year’s Budget was focussed on strengthening agriculture and rural economy. Finance Minister promised that government with Niti Aayog will also devise mechanism to ensure that the farmers get the minimum support price. Following are the highlights of Union Budget 2018-19: Economy Numbers: Economic growth Continue Reading

Download Economic Survey 2018 PDF (English | Hindi)

Download Economic Survey 2018 PDF

The annual Economic Survey was tabled in Parliament on Monday (29 Jan 2018) by Finance Minister Arun Jaitley.  The survey has been prepared by chief economic adviser Arvind Subramanian. The Economic survey is an account of the performance of India’s economy during the ongoing financial year, while also providing projections for the upcoming financial year 2018-19. . The Economic Survey 2018 has estimated that the Indian economy will grow by 7-7.5% in Continue Reading

Union Budget 2017: Analysis of Numbers

Finance minister Arun Jaitley presented the Union Budget 2017 in Parliament on 1st of February. In this post we shall look at the numbers. The size of budget is 20.14 Lakh crore which is equal to Receipts or Expenditure of Government of India. Now as seen above the Budget can be divided into two parts Receipt and Expenditure (Receipt= Expenditure). When we look at the Receipts, it consists of two Continue Reading

Economic Survey 2017: Highlights, Download PDF English/Hindi

The Economic Survey for 2016-17, tabled in the Parliament by Finance Minister Arun Jaitley during the first day of the budget session, underlined the need for more reforms. The survey has been prepared by chief economic adviser Arvind Subramanian. Structurally, the Survey is divided into three sections: The Perspective, The Proximate, and The Persistent. Section I, provides a broad overview of recent developments and a near-term outlook. It includes chapters Continue Reading

Payment Banks

In a bid to promote financial inclusion the Union government has come up with ideas like Payment Banks & Small Banks. The RBI has recently granted ‘in principle’ approval for payment banks to 11 entities, including big names like Reliance Industries, Aditya Birla Nuvo and Tech Mahindra, as also Airtel and Vodafone. What is Payment Bank? Payment Banks are banks that will undertake only certain restricted banking functions that the Banking Regulation Continue Reading