What is financial literacy? In simple terms it is the literacy about the financial instruments. But in broader terms it is not like that. Financial Literacy leads to economic independence. Economic independence leads to a better society. Everyone will be able to contribute his share to the country, when high level financial literacy is achieved. [...]

ECONOMIC SURVEY 2009-10

Food inflation is at present hovering close to 18%
Direct food subsidy via food coupons to households
Survey favours making available food in open market
Survey favours monthly ration coupons usable anywhere for poor
Fiscal deficit may be cut to 5.5%
Gas output up 52.8 per cent to 50.2 billion cubic meters with RIL starting production
Trade gap narrowed to USD 76.24 bn in April-December
India 10th largest gold holding nation at 557.7 tonnes
Large decline in customs, excise expected
Tighten FRBM clauses for future relaxations
Overall revenue transfers to state at 39.5%

As a citizen of India I can’t turn my face away from the coming union budget. I believe that union budget will determine the future of Indian stock market. But not only the market but the common man also eagerly waiting for the budget to come. So always expectations are high. Do the finance minister live up to these expectations only time will prove. The budget last July gave a clear indication that UPA government is with the common man, the aam admi. The only proof at that time was the crores spent for the NREG program. Another one is Bharat Nirman. No doubt these are social welfare programs, benefiting the rural population in this country.