Current Affairs - Budget

Highlights of the Union Budget 2022-23

On 1st February 2022, Finance Minister Nirmala Sitharaman presented the Union Budget 2022-23 in Parliament. It was the second paperless budget.

  • Union Budget seeks to lay foundation and give blueprint of economy over ‘Amrit Kal’ of next 25 years – from India at 75 to India at 100.

Summary of the Economic Survey 2021-22

With the central theme “Agile Approach”, the Economic Survey 2021-2022 was presented by the Union Minister for Finance & Corporate Affairs Smt Nirmala Sitharaman on 31st January 2022.

The Survey states that the year ahead is well poised for a pick-up in private sector investment with the financial system in a good position to provide support to the revival of economy.

Budget Introduces Agriculture Infrastructure And Development Cess (AIDC)

Agriculture Infrastructure & Development Cess (AIDC), has been introduced in the Budget 2021-22 to aid the agri sector. The cess is not uniform and varies from product to product. Proposed Agriculture Cess Items ...

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Why is it in News?

In the election year, the outgoing government either presents an Interim Budget or seeks

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