List of Union Budget Articles

Budget documents are not just numbers. Scrutinising them, one can understand the intention of the government, its priorities, policies and allocation of financial resources, among different regions & industries—which create a sea change in the lives of the people affected by it, Rajkumar Adukia stresses

The Union Budget of India contains a list of financial proposals and estimates and is generally referred to as the ‘Annual Financial Statement’ under Article 112 of the Constitution of India.

The next Finance Minister, C.D. Deshmukh presented the first budget in the first elected Parliament on the basis of adult franchise.

A demand of the oil & gas industry from the budget is to eliminate the import duty on natural gas. Currently, import of natural gas has an import duty levy of between 2.5% and 5%, depending on the form of its import. On the other hand, import of crude oil attracts 0% import duty. Elimination of import duty on natural gas will make it cheaper […]

When the expenditures of a government are more than its revenues in a given financial year, it is known as fiscal deficit. When the revenues of the government are more than the expenditures, then it is known as fiscal surplus.