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Know Your Union Budget

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Offline Sora

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Know Your Union Budget
« on: February 27, 2016, 04:35:51 PM »

This is the Budget Time , every year on last day of February Finance Minister of India present the Union Budgets. I would like to let each one of you know about the Union Budget of India:o

The Union Budget are  referred as the Annual financial statement in the Article 112 of the Constitution of India.As per the Constitution, it is made mandatory that he budget,
Quote
which is presented by means of the Financial bill and the Appropriation bill has to be passed by the Houses before it can come into effect on April 1, the start of India's financial year.

Read :o: Difference Between Interim Budget and Vote On Account

Main Budget Consist of :

1. Annual Financial Statement
2. Appropriation Bill
3. Demand for grant
4.Finance Bill

« Last Edit: February 27, 2016, 04:53:38 PM by Sora »

 

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