Wins Current Event

Introduction of Budget As per article 112 of the Constitution, the Union Budget is basically the statement of estimated receipts and expenditure of the Government.  Budget word is not mentioned in the Constitution. It is known as the Annual Financial Statement of the Government. The Department of Economic Affairs, Ministry of Finance is the nodal body responsible for preparing the Budget.  The Union Budget is classified into Revenue Budget and Capital Budget. Part A of the Budget is the macroeconomic part of the budget where various schemes and priorities of the government are announced, and allocations are made to several sectors.  Part B of the Budget deals with Finance Bill, which contains taxation proposals such as income tax revisions and indirect taxes. (A Finance Bill is a Money Bill as defined in Article 110 of the Constitution.) Budget 2023-24 is the first budget in Amrit Kaal which is the roadmap of the next 25 years – from India @75 to India @100. A Three-prong...

National Science Day is celebrated annually on February 28th in India to commemorate the discovery of the Raman effect by Indian physicist Sir C.V. Raman on this day in 1928. The day is a tribute to the contribution of scientists and researchers towards the progress of science and technology in the country. It is a reminder to the importance of scientific research and its impact on the society. Raman Effect  It refers to the scattering of light when it passes through a material, which causes achange in its wavelength and frequency. This change in wavelength and frequency is called Raman scattering.