BUDGET Flashcards
WORD MENTIONED IN CONSTITUTION FOR BUDGET ?
ANNUAL FINANCIAL STATEMMENT
ARTICLE 112
THE FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT ACT
2003
IMPORTANT ARTICLES
DEMAND FOR GRANTS - AT.113
APROPPRIAT[ION BILL - AT.114(3)
FINANCIAL BILL - 110 (A)
FROM 1996 TO 2016 BUDGET WAS PRESENTED AT …..TIME
11 A.M
LAST WORKING DAY OF FEB
FROM 2017 SEVERAL CHANGES WERE MADE
ENCOMIC SURVEY 1 DAY PRIOR
TIMING = 5 AND 11
BUDGET PRESENTED ON 1 FEB
RAILWAY BUDGET +UNION BUDGET
BUDGET CAN BE ISSUED ……IN A YEAR
TWICE
FIRST TO SECURE VOTE ON ACCOUNT AND LATER IN FULL
VOTE OF ACCOUNT = ONLY EXPENDITURE PART
BUDGET SPEECH DIVIDED INTO 2 PARTS
PART A : GENERAL ECONOMIC SURVEY
PART B :TAXATION PROPOSALS
BUDGET GOES FROM …..STAGES
SIX
NODAL BODY RESPONSIBLE FOR PREPARING BUDGET
BUUDGET DIVISION - DEPT. ECONOMIC AFFAIRS - FINANCE MINISTRY
BLUE SHEET
BACBONE OF WHOLE BUDGET PROCESS KEEP IN SECRET FROM FM
CONSOLIDATED FUND COMES UNDER
ARTICLE 266(1)
VISION FOR AMRIT KAAL
FOCUS ON YOUTH
JOB CREATION
MACRO ECOMIC ENVIRONMENT
SAPTARISHI = 7 PRIORITES
YOUTH
FINANCE
GREE GROWH
UNLEASHING THE POTENTIAL
INFRASTRUCTURE
INCLUSIVE DEVE.(SABKA SATH SABKA VIKAS )
REACHING THE LASTS MILE
AGRI AND COOPERATIVES
20 LAK CR CREDIT
MILLET PROMOTION = “SHRI ANNA “
(INDIAN INSTITUTE OF MILLET RESEARCH - HYDERABAD )
HEALTH SECTOR
ELIMINATION OF SICKLE CELL ANAMEIA
157 - NEW NURSHING HOMES
AHIEVEMENTS FOR INCLUSIVE DEVELOPMENT
9 CR DINKING WATER COLLECTION
PM KISHAN = 2.2 LKH CR
SBM = 11.7 CR TOILETS
UJJWALA= 9.6 CR
JAN DHAN BANK = 47.8 CR
INSAURANCE : 44.6 CR = PMSBY
UJJWALA : 2016
PM KISAN = 2019
JAN DAN YOJANA : 2014
PM SURAKSHA BIMA YOJANA : 2015
REACHING LAST MILE
PM DEVELOPMENT MISSION
FINANCIAL ASSISTANCE TO KARNATAKA PRONE AREA
740 =EKLAVYA MODEL SCHOOL
INFRASTRUCTURE AND INVESTMENT
CAPITAL EXPENDITURE INCREASE BY - 33. 4%(10 LKH CR )
URBAN INFRASTRUCTURE DEVELOPMENT FUND - TIER 2 AND 3 CITIES
100- TRASPORT INFRA PROJECT
2,4 LKH CR FORE RAILWAY - HIGHEST
50 YEAR INTEREST FREE LOAN TO STATES
UNLEASING POTENTIAL
100 5G LAB SERVICES
PHRASE 3 - E COURTS
NATIONAL DATA GOVERENCE POLICY
BIVAD SE VISHWAS - CONTRACT RELATED
PM PRANAM FULL FORM
PM PROGRAMME FOR RESTORATION , AWARENESS, NOURISHMENT,AND AMELIOTRATION OF MOTHER EARTH
FERTILIZERS USAGE
500 NEW - WASTE TO WEALTH PLANTS
GOBARdhan
PROMOTE CIRCULAR ECONOMY
MISTHI
MANGROVE INITIATIVE OF SHORELINE HABITATS AND TANGIBLE INCOMES
AMRIT DHAROHAR TO BE FOR WET LANDS
AMRIT PEEDHI
PMKVY 4.0- CODING , AI , ROBOTICS
50 NEW TOURIST DESTINATION
STATE TO SET UP UNITY MALL = ONE DISTRICT ONE PRODUCT)
SETTNG UP OF ……..FIANCIAL SECTOR
NATIONAL FINANCIAL INFIO REGISTRY
CENTRE DATA PROCESSING CENTRE
MAHILA SAMMAN BACHAT YOJANA
FOR 2 YEAR - UPTO 2 LKH FOR WOMEN
SENIOR CITIZEN SAVING SCHEME UPPER LIMIT INCRESES TO
15 TO 30 LKH
TARGETED FISCAL CONSOLIDATION
4.5 % BY 2025-26
INCOME LIMIT REBATE OF INCOME TAX INCREASED FROM 5 LKH TO
7 LKH
AVERAGE PROCESSING PERIOD REDUCED TO
16 DAYS IN 8 YEARS FROM 93
…..% OF RETURN OF TAX PAYERS WILL PRICESSED WITHIN 24 HRS
45
SURCHARGE RATE ON INCOME ABOVE 5 CR REDUCED TO
25% FROM 37%
TAX EXEMPTION LIMIT INCREASE FOR NON GOV. SALARIED EMPLOYEES
25 LKH
HIGHEST ALLOCATION OF MONEY TO WHICH MINISTRY
DEFENCE - 5.94
TRANSPORT- 2.70
RAILWAYS - 2.41
LEAST TO - COMMUNICATION = 1.23
GENDER BUDGETING INCREASED BY
4.9 %