The Union Budget of India is the annual financial statement as per Article 112 of the Constitution of India. The budget, which is presented by means of the Finance bill and the Appropriation bill, has to be passed by both the Houses before it can come into effect from April 1, the start of India’s financial year.
Recent Developments For Farmers
For Unorganized Workers
For Taxpayers
For Home-owners
For Corporate Sector
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The Interim Budget 2019-20 was presented by the Union Minister for Finance, Corporate Affairs, Railways & Coal, Shri Piyush Goyal in Lok Sabha on 01st February, 2019.
Key Highlights
1. Farmers
2. Health
3. MGNREGA
4. Direct Tax proposals
5. Fiscal Programme
6. Poor and Backward Classes
7. North East
8. Vulnerable sections
9. Defence
10. Railways
11. Entertainment Industry
12. MSME and Traders
13. Digital Villages
14. Miscellaneous
Various Deficits When a government spends more than it collects by way of revenue, it incurs a ‘budget deficit’. There are various measures that capture government deficit and they have their own implications for the economy. Revenue Deficit
Fiscal Deficit
Primary Deficit
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