The Finance Bill helps the government insert amendments with all the proposed changes into all those laws concerned, without having to bring out a separate amendment for each of those Acts.
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If a country imports more goods and services than it exports in a given period of time, then such a situation is called a trade deficit. A trade deficit is also known as a negative trade balance.
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Asset monetisation is the process of creating new sources of revenue for the government by unlocking the economic value of unutilised or underutilised public assets.
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A vote on account is a grant in advance for the central government to meet short-term expenditure needs from the Consolidated Fund of India.
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In order to withdraw the money, the government passes an Appropriation Bill, which gives the government the authority to withdraw funds from the Consolidated Fund of India to meet its expenses during the course of a financial year.
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