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About: Union budget of India     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:SystemOfMeasurement113577171, within Data Space : dbpedia.org associated with source document(s)

Type: yago:WikicatUnionBudgetsOfIndiayago:Abstraction100002137yago:Budget113421832yago:Fund113358549yago:Measure100033615yago:MediumOfExchange113372961yago:Money113384557movieyago:Standard107260623yago:SystemOfMeasurement113577171 New Facet based on Instances of this Class

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.