India Budget 2018 Updates
Budget 2018: Get highlights of Union Budget 2018-19 and latest updates on FM Arun Jaitley speech, rail budget, tax budget and impact of Live Budget 2018.
Live Union Budget 2018 complete coverage, Rail Budget coverage, budget highlights, economic survey, and more. Catch all updates from Budget session 2018 live and ...
Get live updates of Arun Jaitley's 2018 Budget along with highlights & analysis on Times of India
Union Budget 2017-18: Here are the LIVE updates from Finance Minister Arun Jaitley's budget speech 2017 in Parliament today. Follow us for the latest on what is new ...
Union Budget 2018: Check out for the latest news of Budget 2018-19 from Times of India. Including union budget, economic survey, sector impact, and tax details
A Budget Deficit And its Implication in Indian Economy
India budget is presented in parliament on a date fixed by president. Part A of budget deals with general economic survey of country while part B relates to taxation proposals.
Our financial Minister is required to submit the budget in parliament usually on the last day of February so that the Lok Sabah has one month to review and modify the budget proposal.
If by April 1, the beginning of the country’s fiscal year, the parliament discuss on the budget is completed, then only the budget as proposed by the finance minister come into effect.
“A government budget is an annual financial statement showing item wise estimates of expected revenue and anticipated expenditure during a fiscal year.”
Just as your household budget is all about what you earn and spend, similarly the government budget is a statement of its income and expenditure. In the beginning of every year, government presents before the Lok Sabha an estimate of its receipts and expenditure for the coming financial year.
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