The Reserve Bank of India (RBI) regularly conducts meetings and announces changes in policy rates such as repo rate, reverse repo rate, etc. The RBI also releases broad commentary explaining the state of the Indian economy and the reasons behind its decision. The changes in policy rates are awaited keenly…

Greenvissage explains, Why do billionaires have family offices? Bill Gates is one of the largest private farmland owners in the United States. Yes, Bill Gates, the co-founder of Microsoft, owns almost 3 lakh acres of farmland and nearly all of this was purchased after 2010. In the context of land…

Every year the finance minister presents the budget of the country in the Lok Sabha. The budget explains how the government is planning to collect taxes or earn through other sources and how the government is going to spend the same. Governments in developing countries, usually spend more than the…

A good study of the annual budget announcements can help you in many ways – a) Capture new upcoming opportunities created by the Government, b) Avail subsidies, grants, or concessions offered by the Government, c) Manage your finances by planning taxes and expenditure, d) Understanding impact on the economy, the…

The prime focus of the entire budget presentation is announcing schemes and missions that the government will be undertaking in the upcoming year. The entire budget is prepared accordingly while allocating the requisite amount to departments and missions. Although most people focus on tax proposals, smart businesspeople focus on these…

A day before presenting the budget, the Finance Minister presents the Economic Survey of the country. This is a review document that provides information on key developments in the economy over the past 12 months. It also highlights the policy initiatives, the performance of development programs, and the prospects of…

Budget 2023 was the fifth consecutive budget presented by the current finance minister, Nirmala Sitharaman, joining the league of Manmohan Singh, Arun Jaitley and P Chidambaram. Over the past four budgets, we have seen everything – record-breaking marathon speeches, fiery statements, poetries, quotes from religious texts, and of course, devils…