The 80/20 budget is a financial plan that helps people manage their money while prioritizing saving. It’s basically a simplified version of the... View Article
There are three main features of an annual budget. One, it is a consolidated financial statement of expected expenditures and various sources... View Article
The Annual Budget is prepared by the ministry of finance in consultation with Niti Aayog and other concerned ministries. The Budget division of... View Article
The purposes or objectives of Budget and Budgetary Policy are as follows: To promote economic growth To reduce income and wealth inequalities To... View Article
James Wilson, the British economist, presented the first-ever budget in India in 1860. He is credited with introducing a financial budget in... View Article
Former Prime Minister Indira Gandhi was the first and only woman till now to have presented the Union Budget. In 1970, she presented the Union... View Article
The 73rd and 74th Amendments Act, 1992 inserted Part IX and Part IX-A in the constitution respectively. While Part IX relates to the Panchayats,... View Article
The maximum strength of the Legislative Assembly is fixed at 500 and the minimum strength at 60. It means that its strength varies from 60 to 500... View Article
The maximum strength of the legislative council is fixed at one-third of the total strength of the assembly, and the minimum strength is fixed at... View Article
The members of the Vidhan Parishad or State Legislative Council are indirectly elected. Of the total number of members of a legislative council:... View Article
Indira Gandhi became India’s first female head of government or Prime Minister. She served as Prime Minister for three consecutive terms... View Article
One of the qualifications to become a member of the Lok Sabha is that the candidate should not be less than Twenty Five Years of age on the date... View Article
Some important functions of Rajya Sabha are as follows: The Rajya Sabha as a Legislative body Rajya Sabha's role in scrutinising the performance... View Article
The President nominates 12 members to the Rajya Sabha from people who have special knowledge or practical experience in art, literature, science... View Article
Buddhism was spread outside India through the efforts of missionaries, scholars, trade, emigration, and communication networks. Foreign monks who... View Article
The main purpose of Ashoka’s Dhamma was to enable the myriad cultures and religions of the Mauryan Empire to live in harmony with each other.... View Article
Dhamma is a central belief in Buddhism which means ‘to uphold’. It basically means that Dhamma ‘holds up’ the religion and the natural order of... View Article
Emperor Ashoka managed the rule over a vast and diverse empire by enacting policies that gave priority to peace and tolerance. He established a... View Article
As per various historical sources such as the Ashokavadana, emperor Ashoka fell severely ill and passed away around 232 BCE. For further reading... View Article
