Annual Budget News

Keeping the practice started last year intact, Finance Minsiter will likely announce the budget for the year 2018 on February 1. The minsiter's 5th budget and the government's last before the poll for the 2019 kicks in will now paint a ...

Vote on account is a statement of account of the expenditure and income for the first 3-4 months that the government foresees to incur or earn in the new financial year in which general elections are to be conducted. So, perhaps ...

With a major stake in public sector banks, government each year earmarks the amount in its annual budget for banks to enable them to meet their minimum capital adequacy criteria. The amount earmarked for capital infusion in banks in the ...