The country is keenly waiting for the Union Budget which will be tabled on February 1. But what are its major components? Why does the govt conduct this annual exercise? Find the answers here
Budget 2022 : Under Article 112 of the Indian Constitution, the central government is bound to lay down the country’s ‘annual financial report’. Also called the Union Budget of India, this is the most extensive account of the Central government’s finances.
Tabled in Parliament every year, the Union Budget provides details of how much money the central government expects to raise in the coming financial year, along with how and in which sectors it intends to spend that money.
However, the Union Budget is more than just an accounting document. It also reveals the broad policy positions of…read more