Trump said he was uncertain whether NATO would support the United States if assistance were ever requested, comments that many European leaders viewed as dismissive of two decades of allied cooperation. Italian Prime Minister Giorgia Meloni has issued a strong public response after US President
Congress chief Mallikarjun Kharge emphasized protecting the Election Commission's independence. He stated institutions face pressure. Kharge highlighted the need for free and fair elections. He mentioned that snatching the right to vote tarnishes democracy
On National Voters Day, PM Narendra Modi shared greetings to the nation, hailing the day as a moment to strengthen faith in India's democratic values. Prime Minister Narendra Modi extended greetings to citizens on the occasion of National Voters' Day on Sunday
A decade ago, self-driving cars were science fiction. Today, they're navigating our streets. AI has quietly slipped into our homes, workplaces, and classrooms, changing how we live and think. Yet amid this revolution, one truth stands tall: it all began with Maths.A decade ago
“Kam hai paisa, kam hai dana, kaise khilaye bachchon ko khana,” is the slogan which workers are asked to raise when seeking for their delayed wages and ration allocations. Among them is Ramsingh Baghel, 69, who has headed a Sahayata Samoh (self-help group for school and anganwadi
Key terms to know before Union Budget 2026 to understand FM Sitharaman's speech
Union Budget 2026: Key terms you should know before FM Sitharaman makes her Budget speech on 1 February
Budget Glossary: The Union Budget 2026 is set to be presented in a matter of few days. Before Finance Minister Nirmala Sitharaman tables the government's blueprint on expenditure, taxes it is planning to implement, it will be important to know what she says during her Budget speech as it will affect all citizens and the economy as a whole.
Knowing the Budget keywords will give you a fair idea of what is being said to shape public spending and revenues for the fiscal year.
Here is a roundup of important Budget keywords that will be relevant during FM Sitharaman's Budget 2026 speech.
Budget 2026: Important keywords to know
1. Union Budget: Union Budget is the most comprehensive report of the Government's finances in which revenues from all sources and outlays for all activities are consolidated. The Budget also contains estimates of the Government's accounts for the next fiscal year called Budgeted Estimates.2. Fiscal policy: This is the policy taken up by the government to influence the course of India's economy through decisions on spending and taxes, and is implemented through the Budget.
3. Inflation: The increase of prices of goods and services in any economy is called inflation. It can also be called declining purchasing power over time. The inflation rate is the percentage rate change in the price level.
4. Monetary policy: Monetary policy is the actions and decisions taken by the central bank to regulate the supply of money and credit conditions in a government.
5. Budget estimates: The amount of money allocated in the Budget to any ministry or scheme for the coming financial year is known as Budget estimates.
6. Revised estimates: The updated projections of revenues and expenditure for the current fiscal year, which has been adjusted based on current trends, is called revised estimates. Revised Estimates are not voted by the Parliament, and hence by itself do not provide any authority for expenditure.
7. Capital budget: It consists of capital receipts and payments, and includes the investments in shares, loans and advances granted by the central and state governments. government companies, corporations as well as other parties.
8. Revenue budget: The revenue budget consists of revenue receipts of the government and its expenditure. The revenue receipts contain tax and non-tax revenues.
9. Finance Bill: This is produced immediately after the Budget gets presented in the Parliament detailing the imposition, abolition, alteration or regulation of taxes proposed in the Union Budget.
10. Capital expenditure: Capital expenditure or capex is the money spent by the government to acquire or upgrade any asset or machinery including land and buildings among, and investment in shares, loan etc. granted by the Centre to states, government companies and corporations.
11. Revenue expenditure: Revenue expenditure is paid by the government for salaries, pensions, and subsidies meant for immediate consumption and does not create future returns.
12. Fiscal deficit: When the government's non-borrowed receipts fall short of its entire expenditure, it has to borrow money from the public to meet the shortfall. The excess of total expenditure over total non-borrowed receipts is called the fiscal deficit.
13. Primary deficit: This is the fiscal deficit minus interest payments, indicating current fiscal operations excluding past debt obligations.
14. Revenue deficit: This comes into view when revenue expenditure is more than revenue receipts.
15. Gross fiscal deficit: This is the total borrowing requirement of the government during a financial year.
16. Net fiscal deficit: It is the fiscal deficit reduced through net lending by the government.
17. Capital receipts: These include borrowings, disinvestment proceeds, and loan recoveries that either reduce liabilities or create them.
18. Revenue receipts: This is the income created by the government through taxes and non-tax sources. They do not create liabilities.
19. Direct taxes: These include income tax and corporate tax among others, paid directly to the government by individuals.
20. Indirect taxes: Taxes like GST are known as indirect taxes, and is collected by the government through intermediaries via taxes levied on goods and services.
21. Consolidated Fund of India: All revenues raised by the government, money borrowed and receipts from loans given by the government flow into it. All government expenditures other than certain exceptional items met from contingency fund and public account are made from this account.
22. Customs duty: These are levies charged when goods are imported into, or exported from, the country, and they are paid by the importer or exporter.
23. GDP: Gross Domestic Product or GDP is the total value of goods and services produced within the country, and is often a key reference point for budget targets.
24. Corporate tax: This is the tax paid by corporations or firms on the incomes they earn.
25. Disinvestment: The sale of shares of public sector undertakings by the government is known as disinvestment.
Source: LiveMint
Related Posts: EC terms SIR fair Union Home Secretary asks States to not affect any jurisdictional changes till March 31 Double Boost For Arsenal As Key Footballers Return Before Manchester United Clash Delhi court grants custody parole to J-K MP Engineer Rashid for Budget session Date, process, key FAQs and what to expect– Check details Ahead of Parliament's Budget Session Kiren Rijiju Calls Pre-Budget All-Party Meet On Jan 27 To Discuss Legislative Business Karnataka Congress MP Terms Sanapur Rape-Murder EC no longer protector of democracy but key participant in I Know Who Killed Him
A tall building in Worli may look like just another luxury address in Mumbai, but its past tells a very different story. A recent Instagram video brings attention to the land where Samudra Mahal now stands and traces its journey from royal ownership to a symbol of modern wealth
1 minutes ago
Federal immigration officers shot and killed a man on Saturday (January 24, 2026) in Minneapolis, drawing hundreds of protesters in a city already shaken by another fatal shooting weeks earlier. Family members identified the man who was killed as Alex Pretti
1 minutes ago
Pakistan's participation in the T20 World Cup is under review. PCB chairman Mohsin Naqvi stated a decision will be made upon the Prime Minister's return. Pakistan is already scheduled to play all league matches, including against India, in Sri Lanka. Naqvi expressed support for Bangladesh
2 minutes ago
A few weeks ago, an Indian tech founder remarked that many bright American students now skip college altogether, urging Indian parents to rethink their assumptions about higher education. The comment echoed long-standing Silicon Valley views. U.S. based AI company Palantir
2 minutes ago
India's rental housing market remains one of the most underdeveloped segments of urban real estate, even as demand continues to rise sharply. With higher job mobility, rapid urbanisation and homeownership being deferred by young professionals
1 minutes ago
Bangladesh's decision to refuse travel to India for the ICC Men's T20 World Cup 2026, and its subsequent replacement by Scotland, is the latest high-profile example of teams pulling out of or refusing parts of ICC events. Historically these choices have been driven by security fears
1 minutes ago
Cricket fans are gearing up for the third T20 International between the India national cricket team and the New Zealand national cricket team in the five-match series as both sides look to build momentum ahead of the ICC Men's T20 World Cup 2026
2 minutes ago
The World Health Organisation expressed hope for the United States' return after its withdrawal. WHO stated the reasons cited for the US decision were untrue. The organisation highlighted America's significant contributions to global health achievements
2 minutes ago
Celebrate Republic Day 2026 with a stunning Indian flag panna cotta, featuring three distinct layers in saffron-orange, white, and green. This no-bake dessert captures the tricolour's spirit, using orange juice for the top orange layer, symbolising courage
2 minutes ago
The hearing on taking cognisance of the Enforcement Directorate's (ED) chargesheet filed against businessman Robert Vadra, husband of Congress MP Priyanka Gandhi Vadra, in a money laundering case linked to UK-based defence dealer Sanjay Bhandari was postponed on Saturday
2 minutes ago
Tamil Nadu Chief Minister M.K. Stalin paid homage to 'Language Martyrs' who sacrificed their lives during the anti-Hindi agitation, asserting Hindi has no place in the state. He emphasized the historical struggle against Hindi imposition and vowed to oppose it forever
1 minutes ago
Border 2 Box Office Collection Day 1: Sunny Deol and Varun Dhawan's war epic registers a powerful Day 1 collection, outpacing Dhurandhar and proving audience appetite for big-scale patriotic action movie Border 2 has made an impressive debut in theatres
1 minutes ago
As Dhurandhar continues to tell cinegoers that Pakistan's deep state views Hindus as pushovers, Border 2 arrives to underscore that the 1971 War stemmed from the neighbour's belief that Indians are meek until confronted by Sunny Deol on the western front
1 minutes ago
New Delhi: IT services giant Infosys has begun collecting data on household electricity consumption of its employees as part of efforts to measure and offset emissions linked to hybrid working. Under its hybrid work policy, employees work from home for most of the month and are required to be on
1 minutes ago
World number one Aryna Sabalenka expressed her desire to partner Novak Djokovic in mixed doubles. She humorously stated she is awaiting a message from the Serbian star confirming she is his dream partner. The pair previously played together in a charity match
1 minutes ago
For most visitors, a trip to Shri Malanggad means getting ready for a long uphill climb along with the visit itself. The hill fort near Kalyan in Maharashtra's Thane district is known for its height, steep terrain and the long climb required to reach the shrine of Haji Malang
1 minutes ago
Yui Susaki is one of those sportspersons you call ‘near perfect'. The Japanese four-time wrestling World champion and former Olympic champion's streak of perfection was broken when she lost to Vinesh Phogat in the opening round at the Paris Olympics
1 minutes ago
Budget Glossary: The Union Budget 2026 is set to be presented in a matter of few days. Before Finance Minister Nirmala Sitharaman tables the government's blueprint on expenditure, taxes it is planning to implement, it will be important to know what she says during her Budget speech as it will
1 minutes ago
The brief rain spell on Friday brought in much-needed respite from the toxic air pollution levels in Delhi, even as winds in the capital city turned chilly. According to the Central Pollution Control Board (CPCB), Delhi Air Quality Index (AQI) was recorded at 150 in the “moderate”
1 minutes ago
The Ministry of Home Affairs (MHA) will present a tableau highlighting the nationwide implementation of the three new criminal laws — the Bharatiya Nyaya Sanhita, Bharatiya Nagarik Suraksha Sanhita, and the Bharatiya Sakshya Adhiniyam — on Republic Day
1 minutes ago
Ukraine and Russia agreed on Saturday (January 24, 2026) to hold a second round of U.S.-brokered direct peace talks next weekend after a two-day meeting in Abu Dhabi, despite Ukrainian complaints negotiations were undermined by a barrage of deadly strikes
1 minutes ago
Xiaomi has confirmed that the brand's latest mid-range device, the Redmi Note 15 Pro+, will be launching in India on 29 January. Ahead of the launch of the device, Xiaomi has also begun the pre-bookings for the phone on Amazon while also sharing some key details about the device
1 minutes ago
Scotland replaces Bangladesh in ICC Men's T20 World Cup 2026 after BCB refused to play in India. The ICC has announced that Scotland will replace Bangladesh in the ICC Men's T20 World Cup 2026. On Saturday, it was formally declared that Bangladesh will not compete in the upcoming ICC Men's T20
1 minutes ago
For years, busyness was worn like a badge of honour. Full calendars, constant notifications, and the unspoken pressure to always be “on" became markers of success. But something is shifting. Quietly, deliberately, and almost rebelliously
1 minutes ago
The Budget 2026 will be presented in Parliament on February 1, Sunday, continuing the tradition of unveiling the government's annual financial plan at the start of February. The Budget lays out how the government plans to raise and spend money in the coming year and is closely tracked by taxpayers
1 minutes ago
Under Reserve Bank of India (RBI) guidelines, the responsibility of the bank is limited — and in many cases, the loss is borne by the customer. New Delhi: Many people believe that keeping gold jewellery in a bank locker makes it completely safe
1 minutes ago
Delhi's AQI improved to 150 after winter rain, prompting CAQM to revoke Stage III GRAP. CPCB and India Meteorological Department report moderate air and chilly weather. Delhi's air quality saw a marked improvement following a winter rain shower that swept through the capital. On Sunday at 8 am
1 minutes ago
