English

Budget 2024: 6 Important Terms You Should Understand

English

Budget 2024

Finance Minister Nirmala Sitharaman will present the Union Budget for 2024-2025 on July 23.

Image credits: Getty
English

Annual Financial Statement

Annual Financial Statement predicts government income and expenses for the next financial year

Image credits: Getty
English

Budget Estimates

Budget Estimates allocate funds to ministries and departments, detailing planned expenditures in the Budget speech.

Image credits: Getty
English

Current Account Deficit

Current Account Deficit (CAD) arises when a country's import spending exceeds its export earnings.
 

Image credits: Getty
English

Minimum Alternate Tax

Minimum Alternate Tax (MAT) ensures companies pay a minimum corporate tax, despite exemptions and subsidies.
 

Image credits: Getty
English

Outcome Budget

The Outcome Budget tracks funds used by ministries, updates on government schemes, and ensures funds are used appropriately.
 

Image credits: Getty

Top 8 Leading Global Banks by market cap 2024

Understanding the Concept of Unit Linked Insurance Plans

Crucial Income Tax Deadlines: Mark Your Calendar

Income tax filing: 5 Essential guidelines you need to know