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The government will provide 5 kg grains for 81 crore people free of cost.
This will result into food subsidy bill of INR 2 Lakh Crore for the next 1 year #BudgetKiBaatein #ICICIDirect
This will result into food subsidy bill of INR 2 Lakh Crore for the next 1 year #BudgetKiBaatein #ICICIDirect
Indian Budget has set 7 priorities – Saptarishi which includes
1. Inclusive development
2. Infrastructure
3. Unleashing Potential
4. Green Growth
5. Youth Power
6. Financial Sector
#BudgetKiBaatein #ICICIDirect
1. Inclusive development
2. Infrastructure
3. Unleashing Potential
4. Green Growth
5. Youth Power
6. Financial Sector
#BudgetKiBaatein #ICICIDirect
Independent India has seen
🔶 73 annual budgets,
🔶 14 interim budgets and
🔶 4 special budgets or mini-budgets
Here are top 5 Iconic Budgets which shaped the economic future📈of India🇮🇳
A thread🧵👇
#BudgetKiBaatein #ICICIDirect
🔶 73 annual budgets,
🔶 14 interim budgets and
🔶 4 special budgets or mini-budgets
Here are top 5 Iconic Budgets which shaped the economic future📈of India🇮🇳
A thread🧵👇
#BudgetKiBaatein #ICICIDirect
1. Budget, 1986 by Sh. V.P. Singh [Input Credit]
🔶 Input credit of Excise wasn't available to manufacturers till 1986
🔶 This led to cascading effect, i.e., 'Tax on Tax'
🔶 Introduced MODVAT: Allowed for this credit
🔶 Thereby, reducing end cost & increasing consumption
🔶 Input credit of Excise wasn't available to manufacturers till 1986
🔶 This led to cascading effect, i.e., 'Tax on Tax'
🔶 Introduced MODVAT: Allowed for this credit
🔶 Thereby, reducing end cost & increasing consumption
2. Budget, 1991 by Dr. Manmohan Singh [Liberalisation]
🔶 India had a Balance of Payment crisis having just 3 weeks’ worth of foreign reserves
🔶 Gold reserves were sold & emergency fund was raised from IMF
🔶 But after the Budget 1991, the country never looked back
Contd..👇
🔶 India had a Balance of Payment crisis having just 3 weeks’ worth of foreign reserves
🔶 Gold reserves were sold & emergency fund was raised from IMF
🔶 But after the Budget 1991, the country never looked back
Contd..👇
