Month: July 2024

The budget is a statement of income and expenditure of the government. In case of our government, the expenses are always much higher than the income! We are in elegant company – even most of the “developed” economies are shining beacons of profligacy… so we are in good company!

Income for the government is primarily by way of direct and indirect taxes, customs duties, cess, non-tax receipts etc.

People pride themselves on their rational decision-making, especially when it comes to their money. However, it has a way of leading us down wrong alleyways. These seemingly straightforward looking decisions may not be so straightforward after all. That is why many times people stub their toe on financial decisions.