After listing on the exchanges, Hindustan Aeronautics (HAL) has been in the news for all the wrong reasons including the government's withdrawal of nearly Rs 15,000 crore via buyback and dividends. The cash-rich HAL recently raised close to Rs 1,000 crore just to pay salaries to its employees.
Excluding the Congress from the BSP-SP alliance is a politically wise move by the two regional parties, a blessing in disguise for the grand old party and could give the BJP cause for concern.
Essentially, the government is able to understate its expenditure by getting public sector units to spend money, which would otherwise have been part of the budget. As a result the total liability of the central government at the end of FY 2016-17 is actually 50.5 percent of GDP rather than 45.5 percent reported by the Centre, according to the CAG.
Asking the right question can put you on the right path. It holds good in the world of personal finance too.
The first step to your financial plan is to prepare a budget based on both current and expected income and expenses. It is very important to understand and monitor one‘s cash flows, i.e. from where the cash comes in and where it gets expended.