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Union budget of India

Annual budget of the Republic of India

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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, is the annual budget of the Republic of India. The Government presents it on the first day of February so that it could be materialised before the beginning of new financial year in April. Until 2016 it was presented on the last working day of February by the Finance Minister in Parliament. The budget division of the department of economic affairs (DEA) in the finance ministry is the nodal body responsible for producing the budget. It is presented by means of the Finance bill and the Appropriation bill has to be passed by Lok Sabha before it can come into effect on 1 April, the start of India's financial year.

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Budget 2023: 5 major announcements for the middle class | Oneindia News [Video]

Budget 2023: 5 major announcements for the middle class | Oneindia News

Today, i.e. on 1st February, Finance Minister Nirmala Sitharaman presented the Indian Union Budget 2023-24 in the Parliament. This is Nirmala Sitharaman's fifth Union Budget and the current..

Credit: Oneindia     Duration: 04:36Published
Budget 2023: What has become costlier and what has become cheaper | Oneindia News [Video]

Budget 2023: What has become costlier and what has become cheaper | Oneindia News

Today, i.e. on 1st February, Finance Minister Nirmala Sitharaman presented the Indian Union Budget 2023-24 in the Parliament. This is Nirmala Sitharaman's fifth Union Budget and the current..

Credit: Oneindia     Duration: 02:22Published

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