Budget | srei
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Budget

Budget 2014 and investing in NCDs.

Budget 2014 was presented amidst huge expectations from the new government at the centre. The much talked about fiscal deficit, the amount that the government spends over and above its income, has been maintained at the level that the previous government planned. Consequently, the quantum of borrowing by the new government too remains almost unchanged. This is positive for the bond markets including Non-Convertible Debenture (NCD) as any additional borrowing by the new government would have sent bond yields upwards and adversely impacted bond prices. 

Union Budget 2014 Simplified

The Hon’ble Finance Minister P. Chidambaram presented the Interim Budget for the fiscal year 2014-15 on Monday, February 17, 2014 to cover expenditure until the governments term ends in May, 2014. This year’s union budget is a significant economic and financial event in the light of the upcoming elections. The government's term ends in May and the measure was necessary to cover expenditure until a national election is completed and a new administration is installed.

Planning Your Personal Budget Like A Pro

It is possible that you haven’t thought about creating a proper budget up until this point. It is after all a skill that is not taught in school or in most homes but in this current economy it helps save your hard earned money and curb your impulsive spending habits.