Definition: According to Article of the Indian Constitution, the Union Budget of a year, also referred to as the annual financial statement, is a statement of the estimated receipts and expenditure of the government for that particular year. Description: Union Budget keeps the account of the government's finances for the fiscal year that runs from 1st April to 31st March. Revenue budget includes the government's revenue receipts and expenditure. There are two kinds of revenue receipts - tax and non-tax revenue. Revenue expenditure is the expenditure incurred on day to day functioning of the government and on various services offered to citizens. If revenue expenditure exceeds revenue receipts, the government incurs a revenue deficit.
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India is in its worst economic slowdown in a decade. Those protests have posed the biggest political challenge for Modi since he took office in , in part because farmers are the most influential voting bloc in the country. India is providing two vaccines: the AstraZeneca shot manufactured locally by Serum Institute of India and another made by Bharat Biotech. More than 3.
Essay 1. Introduction to the Budgetary Process: The budgetary process in any country involves four different operations, viz. Essay 2.
Notably, Nirmala Sitharaman read out a Kashmiri poem [a] during the budget speech in the Parliament, a Tamil couplet written by Thiruvalluvar and a verse from the Sanskrit work Raghuvamsam as well as a French phrase. At 2 hours and 41 minutes, the budget speech was the longest ever delivered by a Finance Minister of India. The Union Budget is the annual financial report of India; an estimate of income and expenditure of the government on a periodical basis. As per Article of the Indian Constitution , it is a compulsory task of the government. According to the Economic Times , the BSE Sensex and Nifty have given positive returns only thrice in the last decade during the pre-Budget week, while offering positive returns five times in the post-budget week.