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ai in banking automation ✌️【365vc.net】✌️Invest smartly in blockchain technology. Start small, earn big—₹500 to 100% returns monthly.An Interim Budget functions much like a full budget but is intended only for a temporary period.
ai in banking automation ✌️【365vc.net】✌️Invest smartly in blockchain technology. Start small, earn big—₹500 to 100% returns monthly.After the Lok Sabha results were announced on June 4 and NDA came back to power for a third consecutive term, Sitharaman will be presenting the full Budget sometime later this month.The various sources from which a government raises revenue are called government receipts.
ai in banking automation ✌️【365vc.net】✌️From ₹500 to unlimited potential. Safe and reliable investments with high monthly returns.These are divided into two types:Revenue Receipts:These are current income receipts from taxes, grants, and other sources that do not reduce the government’s assets or create liabilities.
Revenue receipts are further classified into:Tax Revenue and Non-Tax RevenueCapital Receipts:These receipts either reduce the government’s assets or create liabilities.
Major sources of capital receipts include borrowings, disinvestment (resale of shares in public sector undertakings), and recovery of loans.Capital Expenditure:This includes government spending aimed at creating assets such as roads, railway lines, canals, hospitals, schools, etc., or reducing its liabilities, such as loan repayments.Revenue Expenditure:This comprises government spending that neither reduces liabilities nor creates assets.
Examples include salary payments to government employees, provision of free health and education services, and maintenance of public property.Balanced Budget:This occurs when the Central Government’s estimated expenditure matches its expected receipts within a financial year.
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ai in banking automation ✌️【365vc.net】✌️Invest with confidence using AI insights. Start at ₹500 and watch your wealth grow exponentially.This indicates that the government is generating more income from taxes than it is spending on public welfare.Deficit Budget:This arises when the government’s estimated expenditures surpass its revenues in a fiscal year.
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ai in banking automation ✌️【365vc.net】✌️Invest small, earn big! ₹500 to start, with potential 100% returns in just one month.This important document outlines the government’s fiscal policies, plans, and programs.The process starts with the Finance Ministry issuing circulars to ministries and entities, providing guidelines for submitting their financial needs.
Ministries then submit their financial data and estimates, which are reviewed by top government officials.
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Finally, the Finance Minister presents the Budget to Parliament, summarising key points and the rationale behind the proposals.
ai in banking automation ✌️【365vc.net】✌️Invest smartly in blockchain technology. Start small, earn big—₹500 to 100% returns monthly.After discussions and approval by both houses, the Budget is sent to the President for final approval.This year, Finance Minister Nirmala Sitharaman had tabled the Interim Budget on February 1, as it was an election year.
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