Editorji is a popular short video news and information platform based in India. It was founded in 2018 by Vikram Chandra, one of India’s leading journalists, and has risen to prominence in the digital news space in a relatively short span of time. The platform is primarily designed for mobile devices, with applications available for Android and iOS.

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With budget 2023 round the corner, we break down some of the most commonly used phrases and terms during the budget speech. Learn all about what a cess is and what is revenue deficit. 

Budget 2023: Budget terms explained; Cess & Revenue Deficit 

With budget 2023 round the corner, we break down some of the most commonly used phrases and terms during the budget speech

What is a cess?&nbsp; Cess is essentially a type of tax that is levied by the govt. The difference between a cess and other taxes is that a cess is for a specific objective or a specific purpose. It is also temporary in nature, which means that once the govt&rsquo;s objective is achieved, the cess can be removed. A cess can be levied on income or it can be levied on goods and services. Let&rsquo;s look at some examples of cess. You&rsquo;ve got the swachh bharat cess of 0.5%, so all the money which is collected from this cess goes towards the swachh bharat abhiyan. Education cess was also introduced to provide education to economically weaker sections. Krishi Kalyan cess was imposed to develop the agriculture sector. In case of any big natural disaster, a disaster relief cess can also be imposed. For instance, after the Kerala floods in 2018, the state govt imposed a 1% calamity cess.
What is Revenue Deficit?&nbsp;
A term that crops up often with respect to the budget. We know that the govt earns money from various sources, taxes, profits of govt cos etc. All of these are ways that the govt earns money. Every year, govt expects or projects how much its earnings or revenues are going to be for the next year. Sometimes, expectations and reality can be quite different. So when the actual revenue of the govt turns out to be less that what the govt had expected its revenue to be, it is called as revenue deficit.

Nanotech company Somalytics showcased its sleep tracking device called SomaSleep at CES 2023.

CES 2023: This sleep mask offers enhanced sleep tracking

Nanotech company Somalytics showcased its sleep tracking device called SomaSleep at CES 2023.

Nanotech company Somalytics showcased its sleep tracking device called SomaSleep at CES 2023.
It is a lightweight sleep mask that uses small, paper-thin capacitive sensors called SomaCap to track eye movements, including rapid eye movements that occur during REM sleep. The sensors are highly sensitive and can provide insights into a person's sleeping patterns and overall sleep quality.
The information is delivered through a mobile app and can be shared with a doctor. The mask has a small battery that lasts for eight hours and does not cause overheating. Somalytics plans to use its sensors for other applications such as human-machine interaction technology, wearables, and industrial safety. The SomaSleep mask will be available for purchase in December 2023 for $199

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