Union Finance Minister Nirmala Sitharaman is set to table the Union Budget on February 1 as India looks to recover from the economic doldrum caused by the Covid-19 pandemic.
The third wave of Covid-19 has renewed fears of an impact on the progress made over the past year due to the vaccinations.
Here are some of the terms to understand the Budget better:
The capital budget primarily deals with capital receipts and capital payments.
Capital receipts include money a government gets through treasury bills, market loans, loans received from a foreign government, disinvestment receipts, or debt paid by union territories or state governments and other parties.
On the other side, capital payments comprise expenditures on the acquisition of assets like land, buildings, machinery, equipment, as also investments in shares, etc., and loans and advances granted by the central government to state and Union Territories, government companies and corporations, among others.
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(Published 18 January 2022, 09:03 IST)
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