Sovereign Gold Bonds (SGBs)
Sovereign Gold Bonds (SGBs) are government securities denominated in grams of gold. They are substitutes for holding physical gold.
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Wealth Tax
Wealth tax is a tax based on the market value of assets currently owned by a taxpayer, as opposed to taxes on asset sales, income.
Money and Capital Markets
“Financial market” is a phrase used to denote the total infrastructure which facilitates the trade of financial securities.Financial securities can be like currency, bonds, stocks, derivatives, commodities, forex etc. Structure of Financial Market in India Definition of Money Market and Capital Markets A component of financial market that facilitates short term borrowing, lending, buying and selling.
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Components of Government Budget
The components of budget primarily are Revenue Budget and Capital Budget, further divided in to receipts and expenditure components.
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Budget Documents
The list of Budget documents presented besides the Finance Minister’s Budget Speech, include Annual financial statement, demand for grants and so on.
Government of India’s Accounts
The Government of India’s accounts are organized into three main divisions:
Consolidated Fund, Contingency Fund, Public Account.
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Demand for Grants
Demand for Grants is a request for funds made by various ministries or departments of the government as a part of the budgetary process.
Minimum Support Price(MSP)
The Minimum Support Price(MSP) is set by the GOI for 23 crops to protect farmers from drop in farm prices, MSP is announced based on recommendations from CACP.
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National Income
National Income is the value of production activity of a country. Includes payments made to all factors of production land, labour, capital and enterprise.
Global Hunger Index
The Global Hunger Index is an important indicator of hunger at international and regional levels. Where does India stand in 2024?
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