Budget is very important to government to prevent the economical problems taks place in India. Because of this government is making the budget year by year. In now a days because of corona virus and lockdown budget is very important. Government is planning to make our economical system bringing to very high position and to prevent the poverty and hunger, unemployment, and losses in our country. In 2020-2021 Indian government has declared the revenue of ₹24.23 trillion and expenditure is ₹30.42 trillion to welfare of citizens of India under the chairmanship of our present financial minister Nirmala sitharaman. The government collect the tax and GST from the Citizens of nation. We want to pay tax and GST for every products. The budget Is granted by the president of the India. Indian government measures so many polices to prevent poverty and hunger in India. Poverty line represents the estimated minimum expenditure level of income needed to secure the basic necessities of life. The polices of government are as follows :
•MPCE ( MONTHLY PER CAPITA EXPENDITURE )
• NSSO ( NATIONAL SAMPLE SURVERY ORGANIZATION )
•IFPRI (INTERNATIONAL FOOD POLICY RESARCH )
•GHI (GLOBAL HUNGER INDEX ) TO WORLD
• PDS ( PUBLIC DISTRIBUTION SYSTEM )
•ICDS ( INTEGRATED CHILD DEVELOPMENT SERVICES )
• ECONOMIC DEVELOPMENT MEASURES
• IRDP ( INYEGRATED RURAL DEVELOPMENT PROGRAMME )
• SGSY ( SWARNAJAYANTHI GRAMA YOJANA )
• NRLM ( NATIONAL RURAL LIVELIHOOD )
• MNP ( MINIMUM NEEDS PROGRAMEE )
And others policies and programmes were declared by Indian government they also declared other programmes are as follows :
• VALMIKI – AMBEDKAR AWAS JOJANA
• PMGY ( PRADHAN MANTRI GRAMODAYA JOJANA )
• SANDHYA SURAKASHA YOJANA
And also declared welfare programmes for handicapped people, helpless peoples and poor windows. All this citizens were get pension every month.
Government is always believe that the “ welfare of people is equal to welfare of god “. One of the characteristics of of budget is rise or low prize of products. Unemployment is lead to decrease of economic growth of India. Increase in population is also lead to decrease of growth of economic of India. Budget is very important to development of the country
The budget of India is called “ The Union Budget Of India “
The government declared the many polices for people are as follows :
*Roads for the people
* Government schools, colleges and Libraries for students and educator
* Hospitals, ambulance, labs for doctors and patients
* Voter id to identify herself as the citizen of India
* Give so many identities Like pan card, aadhar card etc…
* Give Ration card to get basic needs from the government
* Give licence card to good people who have driving skills
Government is also to work for welfare of citizens
The 2020 budget was declared in 1 February 2020 and passed in 23 March 2020
The 2021 budget was announced in 21 February 2021 with the revenue of ₹ 19.76 trillion and expenditure of ₹ 34.83 trillion for welfare of citizens under the chairmanship of our financial minister nirmala sithraman and BJP government .
The tax is very important to development of the country all citizens should to pay they when they don’t pay the tax the Income tax officers arrested them and sentenced for many years
Government polices like
For Students :
Government gives free textbooks, bus passes,
For SC, ST and other minor castes :
Government as given Laptops to sc, st students for their education purpose and in election they have reservation cheats for they and students as scholarship
Government as given scholarship for every students for their education purpose
The union budget of Indian government as given their official announced by TV, Newspaper, social media, and their official website.
The James Wilson a British economist was introduced first budget in India at February 18 1860
He introduced three types of tax called
*Income tax
* license tax
* tobacco tax
Now a days, India is facing serious problems in economical growth and economical system and slow growth of economic level of country
In February 2021 financial minister nirmala sitharaman presented first paperless budget. There are 17 lok sabh government has declared budget
Finally budget and government polices is very important to people and people follow the rules and regulations of government
Government polices and budget is always the people to live in happy and joyfully life
Polices is the life guard for the people other polices like :
• women welfare associations
• children welfare associations
To save girl babies the government as given great policy called “ save women save children “
To save our natural resources like plants, animals, tress, Birds and other government declared “save forest save India “
To save water India declared save water save india
India is land were people is more sufficient but the great problem in india is unemployment and poverty the poverty line people has sufficient contribution by government
The union budget is to keep the weaker section castes and helplesss people and poor people and widows to be happy in society and lead their sufficient life
Indian government was have great policies and budget planning system. Budget planning is nit a selly matter government is used the budget planning is very important for country or state
The state government budget :
279 programmes involving Rs. 36340 crore are in the budget for the 2020-2021 which consists of Rs. 15.28 % of the total budget of karnataka state in 2020 2021 under leadership of cm of karnataka bs yedirupa. Karnataka state now planning to announce the budget of state in march 2020
Finally the both state and central government is always have planned policies and budget for welfare of people hence the government is called as “ for the people and by the people “
We want to respect the policies given by the government is always for people happy and their life
BY: RAKSHITH
