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How is the Union Budget Secrecy Maintained Before Announcement?

The Union Budget which defines the nation's financial projections for the forthcoming year and a review of the current financial year is guarded with the highest level of security to ensure that there is no leak of information before the Union Finance Minister presents the Budget to the Parliament. ...

The Story Behind the Union Budget Briefcase

The Union Budget of India has many traditions with interesting fact-based stories like the halwa ceremony. Another observation you must have made is that our Finance Minister poses with a leather briefcase on the Budget Day before he heads to make ...

5 Significant Budgets that Shaped India

This year will be the first budget presentation after GST (Goods and Services Tax), an important reform in India's taxation that was based on "one country, one tax" mission. Just like GST, there were many historic moments in India's budgeting that left ...

How Much Do you Know About The Team Deciding Union Budget 2018?

The Indian Ministry of Finance consists of Five Departments. The members of these departments help with concerns related to taxation, financial legislation, financial institutions, capital markets, center and state finances, and the Union Budget.These departments are: Department of Economic Affairs ...

What is Fiscal Deficit?

You would have heard the term 'fiscal deficit' over the news repeatedly now that the date for the budget announcement is drawing closer. As a reader and as a citizen, we do find ourselves wanting to understand what it means especially ...

A Few Interesting Facts On The Union Budget

Arun Jaitley is expected to present the Union Budget 2018-19 on February 1. Here are a few interesting facts on the Union Budget. The Union Budget used to be announced at 5 pm on the last working day of February. ...

Understanding Budget Terminology

Financial terms we hear on the day of Budget aren't really words used in day-to-day conversations. Here is a list of few relevant terms that you may have heard during the Union Budget presentation or related news. It is always good ...