slide

Fiscal year is a 12-month period which begins on April 1 and ends on March 31 in India.

 Inflation shows that as goods and services get more expensive, money loses its purchasing power.

It is used by central banks like the Reserve Bank of India (RBI) to control the supply of money in an economy.

It is the act of the government selling or liquidating its interest in a company or asset of the public sector.

It is the money used to develop buildings, machinery, equipment, educational and healthcare facilities etc.


Customs duties are levied when goods are exported or imported into the country.


They are provided by the Indian government in the form of low-interest loans, tax exemptions,.


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Budget 2023 Dictionary: Exploring key terms

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Budget 2023 Dictionary: Exploring key terms

Finance Minister Nirmala Sitharaman will present the Union Budget 2023 in the Parliament on February 1.

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