Report: Sevilla 2 Spartak Moscow 1

first_imgSevilla 2 Spartak Moscow 1: Lenglet and Banega complete revenge mission Ben Spratt Last updated 2 years ago 05:38 11/2/17 EduardoBerizzo - cropped Getty Images Clement Lenglet and Ever Banega starred and scored as Sevilla tasted sweet revenge by defeating Spartak Moscow. Sevilla got their revenge on Spartak Moscow with a 2-1 win that gets their Champions League campaign back on track, just two weeks on from suffering humiliation in Russia.Eduardo Berizzo’s men incredibly lost 5-1 in the teams’ reverse fixture to put their hopes of reaching the knockout stages under threat, but Spartak were outclassed on Wednesday.Clement Lenglet and Ever Banega got the goals to ensure Sevilla move back into the qualification places in Group E – a point behind pool leaders Liverpool, but crucially now two clear of the Russian champions. Article continues below Editors’ Picks Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing Megan Rapinoe: Born & brilliant in the U.S.A. A Liverpool legend in the making: Behind Virgil van Dijk’s remarkable rise to world’s best player Spartak had been unbeaten in 13 matches in all competitions, but they paid the price for a slow start as Lenglet netted before the visitors had forged any sort of opening at the other end.While Sevilla were comfortable for large periods and doubled their lead through Banega’s brilliant 20-yard strike, Spartak substitute Ze Luis’ 78th-minute goal ensured a nervy finale that the home side saw out.¡¡¡FINAL DEL PARTIDO EN NERVIÓN!!! #SevillaFC 2-1 @fcsm_official #vamosmisevilla #UCL pic.twitter.com/TdpiHo1T5M— Sevilla Fútbol Club (@SevillaFC) November 1, 2017Berizzo made only one change to the Sevilla side thrashed at Otkrytiye Arena and they immediately set about making amends.Banega dragged an early right-footed shot wide after ghosting into the penalty area, before Alexander Selikhov parried Nolito’s powerful drive to safety.Nolito sent a cushioned volley just over as the home side kept the pressure on and then, after half an hour, the breakthrough arrived. Banega delivered a corner from the left and Lenglet rose highest to nod into the bottom-right corner from six yards, securing a deserved lead.Spartak had offered nothing as an attacking threat up until that point, but only a smart Sergio Rico stop kept Fernando from firing an instant equaliser with a curling free-kick.A marvellous Lenglet pass, from deep inside his own half, should have created a second Sevilla goal shortly after half time, but Nolito dragged his finish wide after running from left to right.The classy centre-back could also have doubled his own personal tally but, after seeing Selikhov charge from his line and drop a set-piece, Lenglet awkwardly nodded a difficult chance off target.It was Banega who looked to have made the game safe, though, shimmying onto his left foot on the edge of the area to curl high past the goalkeeper and into the top-left corner.And only a desperate goal line lunge from Dmitri Kombarov kept Wissam Ben Yedder from supplying the third, with Selikhov beaten by a tame prod.The failure to get that goal looked to be very costly indeed when Spartak quickly pulled one back. Rico dashed from his line to block off Denis Glushakov’s effort, but succeeded only in nudging the ball into the path of Ze Luis for a simple tap-in.The visitors then ended the game on top, but a defence marshalled by the excellent Lenglet kept them at bay to seal three crucial points in the race for a last-16 spot. read morelast_img read more

10 months agoWest Ham boss Pellegrini tells 2-goal Anderson: I want more

first_imgAbout the authorPaul VegasShare the loveHave your say West Ham boss Pellegrini tells 2-goal Anderson: I want moreby Paul Vegas10 months agoSend to a friendShare the loveWest Ham boss Manuel Pellegrini was delighted with two-goal Felipe Anderson after victory at Southampton.Pellegrini has now challenged the 25-year-old to be even better than his current form, although the manager is delighted with how the club’s record signing is performing.“He’s a different player,” Pellegrini said. “He’s a player that makes important things in every game. “I continue to think that he will continue to improve. He’s still losing too many balls; maybe he needs to understand that it’s not easy in the Premier League. “But in every game, he makes a difference, with important play.” last_img read more

Site C Employment numbers sees increase in February

first_imgConstruction and non-construction contractor’s workforce from the Peace River Regional District made up 28 percent or 791 of the workers which is up from January’s numbers of 697.The number of apprentices employed on the project decreased from 102 in January to 93 during the month of February.The number of Indigenous working on the Project increased from 293 in January to 313 in February.Women working on the Project saw a slight increase from 381 in January to 391in February. FORT ST. JOHN, B.C. – B.C. Hydro has released the latest Site C Dam Project employment numbers for the month of February 2019.The number of people working on the Site C Dam Project increased from 3,186 in January to 3,494 in February.The total number of workers from B.C. was 2,185 which is 77 percent of the workers.last_img read more

BC Homicide Suspects may be in Northern Ontario

first_imgKAPUSKASING, O.N. – Global News is reporting that the two B.C. Homicide Suspects may have been seen in Northern Ontario.The Ontario Provincial Police says it is investigating a sighting of two “suspicious” men that the complainant believed to be B.C. murder suspects Bryer Schmegelsky and Kam McLeod.According to OPP, on Wednesday at around 10:30 a.m. local time, a suspicious, white vehicle was seen driving through a construction site on Highway 11 in the Northern Ontario town of Kapuskasing. Kapuskasing is located approximately 230 kilometres north of Sudbury.According to Global News, the OPP has not confirmed if this was, in fact, a sighting of the wanted men, saying only that the force is investigating a report of “two suspicious males.”According to the OPP, officers have been actively patrolling but have not located the vehicle.Earlier on Wednesday, the RCMP made the decision to scale back the search for the suspects after they were not located in the communities of Gillam and York landing, Manitoba.Schmegelsky and McLeod have been charged in connection with the death of Leonard Dyck near Dease Lake and are suspected of also killing Lucas Folwer and Chynna Deese.  The RCMP have not released details about when the pair will be officially charged in the deaths near the Liard Hot Springs of Folwer and Deese.last_img read more

Bouaida meets with delegation of US journalists

first_imgRabat – Minister delegate for foreign affairs Mbarka Bouaida met, on Monday in Rabat, with a delegation of American journalists led by Cloves C. Campbell, president of the National Newspaper Publishers Association (NNPA) currently on a visit to the Kingdom. During this meeting, the Minister highlighted the success of the recent visit by HM King Mohammed VI to the United States, saying that it has opened new horizons for cooperation, according to a statement from the Ministry of Foreign Affairs. Noting that the joint statement issued at the end of this visit is a clear roadmap for the strategic partnership between Morocco and the United States, Bouaida stressed that the two countries are continuously strengthening the bases of a renovated and ambitious partnership. Briefing the delegation of American journalists on the latest developments of the national cause, Bouaida said the Moroccan autonomy initiative, which is in line with the international law, is the only practical and viable proposal on the table of negotiations.last_img read more

Carmelo Anthony Signs 1year 24 Million Deal with Houston

HOUSTON (AP) — Carmelo Anthony signed a one-year, $2.4 million deal with the Houston Rockets on Monday.Anthony was traded from the Oklahoma City Thunder to the Atlanta Hawks last month before the Hawks released him.Houston general manager Daryl Morey announced the signing and the Rockets posted a picture on social media of Anthony signing his contract.The 34-year-old joins a team led by MVP James Harden and star point guard Chris Paul. The Rockets hope the addition of Anthony will help them contend for their first title since 1995. They lost to the Golden State Warriors in the Western Conference finals last season.Anthony will get a fresh start in Houston after spending last season with the Thunder, with whom he averaged a career-low 16.2 points in 78 games. The third overall pick in the 2003 draft has averaged 24.1 points, 6.5 rebounds and 3 assists in a 15-year career that also included stints with the Denver Nuggets and the New York Knicks.The 6-foot-8 Anthony is a 10-time All-Star and has won three gold medals in the Olympics. He is USA Basketball’s all-time leading scorer and rebounder.Anthony has averaged more than 20 points every year of his career except last season and led the NBA in scoring in 2012-13, when he averaged 28.7 points a game. read more

The Phillies Rebuilt Like The Cubs And Astros Can They Win Like

San Diego Padres1999-03.44343310 For years as general manager of the Phillies, Ruben Amaro Jr. tried everything possible to avoid dismantling the championship core that he and his predecessors1Former GMs Pat Gillick and Ed Wade, who in the 2000s had one of the best runs of scouting, drafting and developing prospects by any eventual champion ever. had built in Philadelphia. It was an irrational cause: Some smart observers had seen Philly’s troubles coming even as the team was winning 102 games in 2011, and by 2013, it was difficult for anybody to deny the Phillies’ need to rebuild. Yet, Amaro still did. “People think we’re going to blow up this team,” he told CSNPhilly.com that June. “We’re never going to be in the position of blowing up. There’s no blowing up.”Despite his efforts to stave off the inevitable, Amaro was fired in 2015, and the teardown commenced in earnest. But his hesitation to change course showed how awkward the decision can be to strategically steer a franchise onto a different path. Fast forward to now, and the Phillies are at the other end of the cycle, with current GM Matt Klentak facing a similar dilemma in the opposite direction: How to shift from rebuilding back to actually winning some ballgames? Just like the decision to start a rebuild in the first place, the timing on trying to contend again can be difficult to get exactly right.Certainly, the Phillies have been busy executing their own version of the multi-year renovation projects that yielded World Series wins for both the Chicago Cubs and Houston Astros over the past two seasons. In a little more than a half-decade, Philadelphia has gone from breaking 100 wins to racking up nearly 100 losses per year. The team has slashed payroll from nearly $200 million to well under $100 million and has gone from one of MLB’s oldest rosters to its youngest — replenishing its minor-league talent base along the way.In that sense, it was a textbook rebuild. Over the past few years, Philly’s farm system has already turned out plenty of quality players, from rookie home-run machine Rhys Hoskins to World Series-winning reliever Ken Giles2Who was traded to Houston for Vince Velasquez in late 2015. and breakout starter Aaron Nola. Still more prospects are coming through the pipeline this season, including touted shortstop J.P. Crawford and four other members of Baseball America’s Top 100 prospects list.If the hallmarks of a franchise overhaul are cost-cutting and building up organizational talent, few teams have ever done it so thoroughly as the Phillies of recent vintage. To measure the magnitude of team restoration projects, I calculated a running total of what I’m calling “rebuild points” for each club since 1988.3I picked that year because it basically marked the beginning of the modern era of MLB economics, after the collusion cases of the mid-1980s were resolved and free-agent salaries took off. A team gets a rebuild point if it finishes .500 or worse in a season in which it does any of the following: gets younger as a team,4Based on the average age of its hitters (weighted by plate appearances) and pitchers (weighted by innings). improves its ranking in Baseball America’s farm system rankings or reduces its payroll. Teams can get multiple rebuild points in the same season if they do more than one of the above.Clearly, this isn’t the only way to measure the depth of a team’s rebuilding effort. But according to this metric, only five teams since 1988 have racked up 11 or more rebuild points in any five-season span5Discarding overlapping five-year periods that had fewer rebuild points. — and one of those is the recent Phillies: Colorado Rockies2012-16.42833410 Chicago White Sox2013-17.44134411 Houston Astros2010-14.38044412 * For years when the team had a .500 record or worseOverlapping five-year segments were excludedSources: FanGraphs, Baseball-Reference.com Seattle Mariners2010-14.44633410 Chicago Cubs2010-14.42734411 Philadelphia Phillies2013-17.42734411 Years in which team …* Philadelphia Phillies1995-99.44933410 Baltimore Orioles2000-04.43642410 Detroit Tigers1994-98.41634310 California Angels1992-96.45433410 Tampa Bay Devil Rays2001-05.39243411 TeamYearsAvg. RecordGot YoungerImproved FarmCut PayrollRebuild Pts Pittsburgh Pirates1993-97.45433410 Baseball’s most extreme five-year rebuildsMLB teams that accrued the most ‘rebuild points’ (for reducing a team’s average age, improving its farm system or cutting its payroll), for five-year spans since 1988 It’s not a bad list to be on. The Astros of 2010-14 are at the top, and they used their time at the bottom to build a champion. As did the 2010-14 Cubs. Also on the list are the Tampa Bay (née Devil) Rays, who built the pennant-winner that lost to Philly in the 2008 World Series. And while the book isn’t written on the current White Sox, they’ve zoomed up the farm-system rankings in recent years and could be positioned for success in the next decade, with top prospects such as Eloy Jimenez leading the way.It didn’t take too long for the historical teams with 11 or more rebuild points in particular to get very, very good again: Within three seasons, they won 60 percent of their games on average, good for 97 wins over a full schedule. But in their first season after the rebuild period — the equivalent of Philadelphia’s 2018 season — that number was still just 50 percent, or 81 wins per 162 games.6Granted, that was up from 43 percent during the final year of the five-year rebuild, so the teams were already making strong progress. In other words, even among a group that was eventually successful, the turnaround wasn’t instant. And yet the Phillies have spent this offseason loading up on older players as though they were a few key pieces away from contention: They signed ex-Indians first baseman Carlos Santana (who turns 32 this season), snagged a couple of free-agent relievers in their 30s — Tommy Hunter (31) and Pat Neshek (37) — and are rumored to be kicking the tires on former Cubs starter Jake Arrieta (32).Even after those moves, most statistical projections call for Philly to finish with something like 75 to 80 wins this year, which would put it on the outside of contention for the wild card (much less the division crown). It’s not beyond the realm of possibility for a rising team in that range to take analysts by surprise — hello, Minnesota! — but it doesn’t happen often. Add in how exceptionally top-heavy MLB is projected to be this season, and you could argue that the Phillies would have been better served by biding their time and building from within for at least one more season.That said, even the most masterful rebuilding projects have their limits. Research shows that the relationship between a team’s farm system and its future record is nowhere near as reliable as we sometimes like to think it is — and that it certainly isn’t as strong as the tie between a team’s payroll and its ability to add production on the open market. There’s also an argument for the necessity of franchise culture-building with veterans like Santana — bringing in players from successful teams may help install a winning attitude for locker rooms whose youngsters have only ever known losing. And then there’s the fact that the Phillies are in a position to start spending a lot of money again: They finally got out from under the final salary commitments of the previous regime and are flush with cable-TV contract cash. It was only a matter of time before Philadelphia started to flex its financial muscle again.That part of the equation can start yielding big benefits in a hurry. To measure the interplay between a team’s budget and its backlog of prospects, I built a regression model that works within the framework of this farm-system analysis by economist and MLB consultant Matt Swartz. In essence, it uses a team’s payroll and its recent prospect rankings from Baseball America to predict how many games it will win, via production from two sources: younger players who haven’t yet reached free agency and veterans who are signed on the open market. Although smart front offices have realized that the former group is a lot more cost-effective than the latter, once a team has a few good farm classes stored away, spending on the latter group can be a powerful way to really shift back into a contending gear.According to my model, a team in Philadelphia’s current situation could ramp up its spending within five years to match the Phillies’ payrolls during their late 2000s/early 2010s heyday7Philadelphia payrolls were about 40 percent higher than the MLB average from the 2004 season through the 2014 season, peaking at 81 percent above average in 2011. and expect to hit about 92 wins by 2022 even if it gradually allows its farm system to slip into the league’s bottom five within five years. By contrast, a comparable team that takes a slower approach, keeping its farm system strong8Generally staying among the Top 10 farm systems throughout. but spending more modestly9Never going more than 20 percent above league average on payroll. wouldn’t even crack 86 wins after five years. Why? Because after banking those good prospect classes (which the Phillies have already done), there are more diminishing returns on maintaining a solid farm system than there are on spending sheer amounts of money at the major-league level.In other words, developing a strong base of young talent is a good way for budding dynasties to start, but it’s what happens next that truly determines a franchise’s fate. Klentak and the Phillies have gone through the first stage of that process, overhauling the organization in just about as dramatic a way as any modern team has. Now they’re just starting the second stage — and with Philadelphia linked to speculation about next winter’s big-name free agents (namely, Bryce Harper and Manny Machado), this could only be the beginning. Although no rebuilding plan is ever foolproof, don’t be surprised if Philadelphia’s version puts them in the same conversation with the Cubs and Astros before long. read more

Ohio State mens lacrosse coach Nick Myers continues dream with US Lacrosse

Coach Nick Myers addresses members of the OSU men’s lacrosse team.Credit: Molly Tavoletti / Lantern reporterDon’t settle. Don’t get comfortable. Pave your own way.Ohio State men’s lacrosse coach Nick Myers said he strives to instill that advice in his Buckeye team, and will soon encourage another group of young men as the head coach of the 2016 U.S. Men’s National Under-19 team, a position he said he humbly accepts.“The opportunity to put the stars and stripes on and be a part of Team USA and associate with US Lacrosse is something I’ve dreamed about,” Myers said. “The mission is to go there and win a championship.”Myers grew up in southern Maine, a location that isn’t necessarily known for breeding lacrosse players. But as the sport made a slow and steady spread from traditional hotbeds like New York and Maryland, he credited his stepfather for first placing a stick in his hands, guiding him on an admittedly nontraditional journey to where he is today.“In sixth or seventh grade, we were the only kids in our town that had sticks,” Myers said. “We were running a club team kind of out of our house … In high school I never played on a varsity team, it was always a club team.”After graduating from Springfield College (Massachusetts) in 2001 with a Division III All-American honor, he almost immediately began his relationship with OSU, starting as a volunteer assistant during the 2002-03 season. He simultaneously waited tables at Outback Steakhouse to make ends meet, but said the sacrifices were worthwhile.He never looked back from there, taking just six years to reach the top of the program.“I’ve really grown up in this athletic department,” Myers said. “I was 21 when I first got here, now I’m 35. It’s been a lot of growth.”Since becoming head coach in 2008, Myers has led the Buckeyes to the 2013 Eastern College Athletic Conference Tournament, the 2013 NCAA quarterfinals with the No. 3 seed in the NCAA tournament, and has reaped numerous All-American and all-conference honors. While Myers has shown success on the field, he said he believes achieving success requires much more than just winning.At OSU, Myers established a leadership council and developed a mentor program between seniors and freshmen, recognizing the student-athlete challenges while offering support.“We’re working to create a really strong foundation and to develop them as men,” he said. “We ask, ‘Are they leaving here with a skill set that has really been refined?’ And if we can do that, we’re hopefully doing more than just coaching them on the field.”After earning a degree in education and marrying a teacher, Myers said he never imagined a career outside coaching. And though he lives to teach others, he said he recognizes the importance of self-growth as well, crediting the many mentors he himself has learned from along the way.“Each year you have an opportunity to impact more student athletes but you’re always looking outside yourself to grow, to learn,” Myers said. “There are so many people I’ve had the opportunity to work with who have taught me a great deal, people who are willing to take the time to spend with a coach who’s still learning the ropes.”Among those mentors, Myers particularly credits former OSU coach Joe Breschi for enabling his success both on and off the field, something Breschi said he is proud of.“He is a wonderful tactician and has great passion for the game,” Breschi said. “Nick has the unique ability to balance coaching, family and faith while keeping all life’s challenges in perspective.”As a coach, Myers perpetually seeks to “sharpen his saw,” and as a husband and father of two boys, ages 2 and 4 (who are already armed with sticks, helmets and pads), the balance he strives for off the field is essential with his team at OSU.“The ones who separate themselves are the ones who can be humbled, yet are still starving to get better,” Myers said. “We encourage our men to be go-getters, to be hungry, to crave feedback and to be pushed and challenged.”Myers and the Buckeyes are currently hungry for their first road win of 2015, and have a chance to pick one up against Bellarmine on Friday. The game set to begin at 7:30 p.m. in Louisville, Ky. read more

Game of Thrones latest death is a tough one to take and

first_img Game of Thrones season 8, episode 4: How to watch, leaks, recaps, avoiding spoilers and how to stream HBO without cable Thanos vs. Game of Thrones Night King: Here’s who’d win Game of Thrones season 8: How to adjust your TV for a cinematic picture Here’s me thinking this episode would be a celebration #GameOfThrones pic.twitter.com/1BQiCa6aQw— Joeyyy (@_Joseph590) May 6, 2019 The 38 most gut-wrenching Game of Thrones deaths, ranked Comments OH NOOOOOO. NOT THE DRAGONNNNNNN. #GoT #ThronesYall pic.twitter.com/52CoNbI6oc— Brittany Packnett (@MsPackyetti) May 6, 2019 Game of Thrones images too dark? We can help *MILD SPOILERS*… Culture TV and Movies Now playing: Watch this: WHAT THE WHOLE FUCK IS HAPPENING?!?!?! THIS FUCKIN ASSHOLE!!!!!!!!!! BURN THEM ALL!!! @HBO @GameOfThrones #GoT #Season8 #DemThrones #Episode4— T-Pain (@TPAIN) May 6, 2019 Did we just lose another dragon?!? Wtf?!? #GameofThrones pic.twitter.com/HTngwEfAJ6— the.blogging.jedi (@TonyStarksWard) May 6, 2019 Rhaegal after being shot by Euron three times #GOT #GameofThrones pic.twitter.com/PcghYP18oV— colby (@originalgenome) May 6, 2019 Related stories Not the dragon!! Not him!! He should stay back! #GameofThrones pic.twitter.com/fguDMwcx6K— Yerlin (@Marlet_Yerlin) May 6, 2019 NOOOOOO THAT DID NOT JUST HAPPEN #GameOfThrones pic.twitter.com/Li74D2gUiL— t h o m a s (@RIPeterParker_) May 6, 2019 Tags Me: “Oh, he only got hit by one spear he might be okay…”*Gets shot in the throat***Sinks to the bottom of the ocean**#GameofThrones #Rhaegal pic.twitter.com/uN1tbkEqyk— Dr.Pibb🌶️ (@MichaelDiAcri) May 6, 2019 Why? HBO Look, we’re used to heart-wrenching deaths on Game of Thrones, but this is different. This totally sucks.What are you doing to us here? Why would you do this?OK, here’s your obligatory spoiler warning for episode 4 of this final season. game-of-thrones-spoilersCan we talk now? OK, let’s talk.They killed a dragon. They killed another goddamn dragon. Rhaegal to be specific. People are upset. Hell, I’m upset. The Night King doing the whole “you’re an ice dragon now” to Viserion was pretty bad, but this might actually be worse.Mainly because of who did the killing.  38 Photos I can’t handle Dany losing anymore dragons #GOT #GameofThrones pic.twitter.com/zce6jJxIFK— colby (@originalgenome) May 6, 2019 5:13 Rhaegal didn’t deserve surviving his ice dragon brother to be killed by bitch ass Euron!!!! #GoT pic.twitter.com/F2XjqDPLeB— MissFit Harley (@MissfitHarley) May 6, 2019 And then there was 1! 😢😩 #GameOfThrones #GOT— MeLAnIn JunKIE (@xLuv_N_Myself) May 6, 2019 Share your voice 8 RIP Rhaegal, you were almost all healed up for battle, you sweet baby you. RIP Missandei, you were the realest and you had the most poppinest wash-n-go in all the 7 Kingdoms until the very end. pic.twitter.com/MYA6KisIWh— 🐝HTHMSCTHMING🐝 (@_BeNiceOrLeave) May 6, 2019 RIP Rhaegal, you were almost all healed up for battle, you sweet baby you. RIP Missandei, you were the realest and you had the most poppinest wash-n-go in all the 7 Kingdoms until the very end. pic.twitter.com/MYA6KisIWh— 🐝HTHMSCTHMING🐝 (@_BeNiceOrLeave) May 6, 2019 Rhaegal died thanks to Euron Greyjoy and Cersei’s gigantic dragon crossbow thing — this is a problem. Euron sucks. Not in a good, “Hi, I’m Joffrey the best villain in TV history kind of way.” In a bad, “my character is a bit weird and people don’t really like me” kind of way. In wrestling, they call this “X-Pac heat.”Anyway, Twitter got real upset about Rhaegon essentially getting murked by Euron’s fleet. Rightfully so in my humble opinion. With Rhaegal kicking the bucket and Jon Snow putting Ghost up for adoption, it was truly a difficult episode for the pets. Game of Throneslast_img read more

Union Budget 2014 Know Your Facts

first_imgThe newly elected Narendra Modi government is set to present its first Budget on 10 July, three days after the Budget session begins in Parliament.Here are some facts about the Union Budget you should know:The Union Budget is a financial statement of the government’s revenue and expenditure for one fiscal year (April to next March). According to Article 112 of the Indian Constitution, the Union Budget is a statement of the estimated receipts and expenditure of the government for that particular year. In other words, the Union Budget keeps an account of the finances of the government for a fiscal year.The presentation of the Union Budget is preceded by the Economic Survey, which lays down the ground for the Budget by indicating its direction and showcasing the economic performance of the country. This year, the Economic Survey will be presented on 9 July, a day before the Union Budget is presented by Finance Minister Arun Jaitley on 10 July.The Union Budget comprises two aspects – the Revenue Budget and the Capital Budget.The Revenue Budget entails the revenue that the government gets, mainly from taxes and other sources. The Revenue Budget also looks at the day-to-day expenditure of the government.The Capital budget entails capital receipts, which cover the loans that the government raises and capital payments which include government expenditure on the acquisition of assets.The Union Budget is presented by the Finance Minister before the fiscal year begins, usually at the end of the month fo February. However, during the elections, an Interim Budget is passed to be in effect till the next government comes to power and brings out its Budget. An interim Budget is passed through a Vote on Account procedure and is applicable for a limited time period.The first Union Budget of India was presented in 1947 by RK Shanmukhan Chetty. Here is the documented speech made by the first Finance Minister of India.The Union Budget 1950-51 was the first to give the foundation for the Planning Commission, an institution that formulates five-year economic plans for the country.The Union Budget 1991-92 by the then-finance Minister Manmohan Singh opened the gates for economic liberalization as import-export policy was revised and import duties were cut.The Union Budget 2014-15 will be the first budget to be presented after Narendra Modi became the Prime Minister of India in May 2014.last_img read more