By: |
Updated: September 2, 2016 6:56:09 AM

In the current system, the Budget exercise usually gets over by May and the government departments start spending based on it only from June, thereby losing two crucial months. (Reuters)

Do you know What is Wholesale Price Index (WPI), Public Debt, Finance Commission Grants & Other Transfers, Economic Survey, State Finance Commission? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.