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The Union Budget of India, also referred to as the Annual Financial Statement in Article 112 of the Constitution of India.
What is 'Union Budget' Definition: According to Article 112 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.
Jan 30, 2024 · Definition of Union Budget. In simple words, the Union Budget, also known as the Annual Financial Statement according to Article 112 of the Constitution of India, is an estimate of...
Sep 15, 2024 · Union Budget 2024 Overview. The Union Budget is the annual financial statement of the Union Government of India that is presented every year on the 1st of February by the Finance Minister (FM) in the Lok Sabha. Budget preparation: The Department of Economic Affairs, Ministry of Finance, is the nodal body responsible for preparing the Budget ...
Apr 12, 2022 · The Union Budget, also known as the yearly Financial Statement under Article 112 of the Indian Constitution, is the Republic of India's annual budget, which is presented to Parliament by the Finance Minister of India before the start of each fiscal year.
3 days ago · 60- Ministry of Housing and Urban Affairs. 61- Ministry of Information and Broadcasting. 62- Department of Water Resources, River Development and Ganga Rejuvenation. 63- Department of Drinking Water and Sanitation. 64- Ministry of Labour and Employment. 65- Law and Justice. 66- Election Commission.
The Union Budget includes the following key components: Revenue Budget: This section details the government’s estimated revenue from various sources such as taxes, non-tax revenues and...
Feb 1, 2024 · Budget 2024: According to Article 112 of the Indian Constitution, the Union Budget of the year, commonly known as the annual financial statement, is a declaration of the government's expected receipts and expenditures for that year. Every year on February 1, the Government of India presents the Union Budget.
Jan 27, 2020 · What is Union Budget? The Union Budget is an exercise carried out by the central government every year. The government makes an estimate of revenue and expenses for the forthcoming financial year.
Introduction to Union Budget. While India’s national ‘Budget’ is typically associated with the finance minister’s presentation in. Parliament, that is only a small part of the entire budgeting exercise. There is much more to it.
