What is
What is Wholesale Price Index (WPI)?
Wholesale Price Index meaning: WPI measures the changes in the prices of goods sold and traded in bulk by wholesale businesses to other businesses.
What is State Finance Commission?
A State Finance Commission reviews the financial position of the panchayats in a state and makes recommendations to the Governor.
What is Primary Deficit?
Primary Deficit is the difference between the current year's fiscal deficit and the interest paid on the borrowings of the previous year.
What is Subsidy?
Subsidy refers to the discount given by the government to make available the essential items to the public at affordable prices.
What is Capital Account?
Capital Account meaning with example: In the field of international trade and commerce, these two terms - current account and capital accounts - are widely used.
What is Consumer Price Index (CPI) Inflation?
Consumer Price Index or CPI as it is commonly called is an index measuring retail inflation in the economy by collecting the change in prices of most common goods and services.
What is Capital Expenditure?
Capital Expenditure meaning: The Union government defines capital expenditure as the money spent on the acquisition of assets like land, buildings, machinery, equipment, as well as investment in share
What is Goods and Services Tax (GST)?
Goods and Services Tax meaning: GST, or Goods and Services Tax, is a tax that customers have to bear when they buy any goods or services, such as food, clothes, items of daily needs, transportation et
What is Fiscal Deficit?
Fiscal Deficit is the difference between the total income of the government (total taxes and non-debt capital receipts) and its total expenditure.
What is Revenue Expenditure?
Revenue Expenditure is that part of government expenditure that does not result in the creation of assets.
What is Finance Commission?
Finance Commission is a constitutional body, that determines the method and formula for distributing the tax proceeds between the Centre and states...
What is Gross Domestic Product (GDP)?
Gross Domestic Product meaning: Gross Domestic Product, abbreviated as GDP, is the total value of goods and services produced in a country.
What is Union Excise Duty?
Union Excise Duty meaning: This is a duty on manufactured goods, which is levied at the time of manufacture.
What is Inflation?
Inflation meaning: Inflation refers to the rise in the prices of most goods and services of daily or common use, such as food, clothing, housing etc.
What is Union Budget?
Union Budget of India is the country's comprehensive Annual Financial Statement. The Union Budget consists of a detailed account of the government’s finances, its revenues and expenditures.
What is Current Account Deficit?
Current Account Deficit meaning: CAD is the shortfall between the money flowing in on exports, and the money flowing out on imports.
What is Index of Industrial Production (IIP)?
Index of Industrial Production meaning: IIP is an index that tracks manufacturing activity in different sectors of an economy.
What is cess?
Cess meaning: Cess is a form of tax charged/levied over and above the base tax liability of a taxpayer.
What is an Interim Budget?
What is Interim Budget Meaning: An Interim Budget is presented during the transition period when a new government is due to take over but the ruling government needs Parliament's go-ahead to take out
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