Interim Budget

Cut salaries, save jobs: Pranab

New Delhi, Feb 20: Though India fears large scale job cuts due to global recession, Minister for External Affairs Pranab Mukherjee has assured that jobs would be protected even if it meant some reduction in compensation. He was speaking at national ...

What is Interim Budget?

An interim Budget becomes a necessity every year, as Parliament require approval for drawing funds from the Consolidated Fund of India (CFI) for expenditure is usually obtained by March 31, the last day of the financial year. Interim Budget Highlights ...

What is 'Vote on Account'?

Vote-on-Account is presented when government has no time to present full Budget or elections are around the corner. As per the Constitution of India, all revenues received by the Central government and the loans raised by it should be put into ...