Understanding the Indian Budget Process

What is the need for the Budget in India?

What are the stages in the enactment of the budget?

What is the purpose of the Appropriation Bill?

What is the significance of the Finance Bill?

What is Fiscal Deficit and how is it calculated?

What is Revenue Deficit and how is it calculated?

What are the proposed sources of revenue and expected growth in revenue?

What is the targeted fiscal deficit for FY 2025–26?

• 4.4%

• 4.8%

• 5.0%

• 3.5%

What is the new TDS exemption limit on interest earned by senior citizens?

• ₹1 lakh

• ₹50,000

• ₹2 lakh

• ₹75,000

What is the new TDS limit on rent?

• ₹6 lakh

• ₹5 lakh

• ₹4 lakh

• ₹3 lakh