The Union budget is the annual financial report of India, an estimate of income and expenditure of Government of India on a periodical basis. As per Article 112 of the Constitution it is a compulsory task of the Union Government.The first budget of India was presented on 18th February 1860 by Mr. Scotsman James Wilson. The First budget of independent India was presented by Sh. RK Shanmukham Chattiy on 26th November 1947.The Union budget is prepared by the Union Finance Ministry and is presented by the Union Finance Minister in the Parliament on 1st February of every year.Previously, the Union…
Author: admin-politycircle
India is the largest democracy in the world in terms of number of voters. The idea of One Nation, One Election has come to the centre stage after the present NDA Government led by hon’ble Prime Minister of India Sh. Narendra Modi has advocated to conduct elections to the Lok Sabha and State Legislatures (Vidhan Sabha) simultaneously from the year 2029. The idea One nation, One election is to synchronize the timing of Lok Sabha and States Vidhan Sabha elections across all states to reduce the frequency of polls throughout the country, and also to conduct the elections to the local bodies…
Four Astronauts selected for the ‘Gaganyaan Mission.’The Gaganyaan Mission is India’s first human space flight program.The preparations for the mission are underway at various ISRO centers and the mission is set to launch between 2024-2025.The Indian Space Research Organisation (ISRO) has selected 4 candidates to form the squad for the Gaganyaan mission, namely Group Captain P. Balakrishnan Nair, Group Captain Ajit Krishnan, Group Captain Angad Pratap, and Wing Commander S. Shukla.The 4 Candidates were handed the ‘Astronaut Wings’ at the Vikram Sarabhai Space Centre (VSSC) in Kerala, Thiruvananthapuram.The candidates represent the country and have been carefully selected by ISRO, after…
Pakistan was formed on 14th August 1947 by dividing India into two countries – India and Pakistan based on religion as demanded by the Muslim league. The division was made as per the Mountbatten Plan.On 23rd March 1956 Pakistan became a republic country and the name of the country became Islamic Republic of Pakistan. In fact, Pakistan is the first Islamic Republic in the world. Pakistan celebrates its Republic Day as Pakistan Day (YAUM -e- PAKISTAN) on 23rd March every year.Pakistan is a federal country and has parliamentary form of Government. The parliament of Pakistan is known as Majlis -e-…
The Supreme Court has struck down the Central Government’sElectoral Bond (EB) scheme of political funding, declaring it as “unconstitutional”.The Electoral Bond scheme, which was announced at the 2017 Union Budget allowed individuals/corporations to donate money to political parties anonymously by purchasing electoral bonds from the State Bank of India (SBI). It was promoted as a solution to the issue of opacity in political parties funding.The scheme was criticized and arguments were raised about citizen’s right to information before voting. It was also questioned as to how the scheme would distinctly favour that time’s ruling government as the guarantee of anonymity…
Bharat Ratna to be conferred to Shri PV Narasimha Rao.The Union Government announced that the Former prime minister Shri PV Narasimha Rao willbe posthumously awarded the Bharat Ratna,India’s highest civilian award. He served as the prime minister from June 21, 1991, to May 16, 1996, and is often credited with bringing economic reforms to India in 1991, which paved the way for the end of the notorious license raj and economic revival. He was the first person from south India to become the Prime Minister of India.In 1991, when India was facing a foreign reserves crisis, Narasimha Rao’s government brought about…
Bharat Ratna to be conferred to Shri Lal Krishna Advani.Union Government announced that veteran BJP leader Lal Krishna Advani will be conferred the Bharat Ratna, the highest civilian award in India. Prime Minister Narendra Modi also spoke to Shri Lal Krishna Advani and congratulated him on being conferred this honour.Mr Advani’s decades-long service in public life has been marked by an unwavering commitment to transparency and integrity, setting an exemplary standard in political ethics.LK Advani has served as the president of the Bharatiya Janata Party for the longest period since its inception in 1980. He is credited with crafting BJP’s rise through the…
Date – 24th January 2024Late Shri Kapoori Thakur, the two-time Chief Minister of Bihar and a socialist icon, is named to be awarded the Bharat Ratna award posthumously which is the highest civilian decoration in India.Known as the Jan Nayak (People’s Hero), his electoral career began in the early 1950s. Since then, he became a force to reckon with in the legislative chambers, powerfully voicing the struggles of the working class, laborers, small farmers and youngsters. Education was a subject very close to his heart. Throughout his political career, he worked to improve education facilities for the poor.He was a…
UCC Bill Passed by the Uttarakhand’s Legislative AssemblyUttarakhand has taken a significant step toward implementing a Uniform Civil Code (UCC) by introducing the state Uniform Civil Code Bill 2024 in its Legislative Assembly. Chief Minister Pushkar Singh Dhami, representing the Bhartiya Janta Party, which has long advocated for a UCC, tabled the bill. The bill has been passed by the Legislative Assembly by voice-voice. Now, the bill will be sent to the Governor for his assent. After getting the Governor’s assent, the bill will convert into an Act. Thereafter, state government will notify its date of implementation. The UCC aims…
Meaning of Interim Budget or (Vote-on-account): Through the interim budget parliament passes a vote-on-account that allows the Government to meet the expenses of the administration until the new parliament considers and passes the budget for the whole year. We may call it a temporary budget for a particular short period of time. In the General Election (Lok Sabha Election Year), the Union Government only presents the Interim Budget and the new Government which will be formed after the elections will present the Regular Budget of 2024 – 2025 in July 2024.The Union budget is the annual financial report of India,…