Union Budget

The Indian Union Budget is more than just an annual financial statement—it's a blueprint that charts the nation's economic future. Every year, the Government of India unveils its vision for the country's revenue generation and expenditure for the coming fiscal year. It's where taxation, spending priorities, and financial strategies are laid out, aiming to shape the economic direction of the country...

The Union Budget of India is just around the corner, presented on the 1st of February. Also, like every year, the economics association is coming out with its hallmark event, 'union budget planner.' It seemed like an apt situation to give a brief ‘walk’ through the Union Budget's basics...

The Union Budget 2017-18 has been widely followed by tax-payers, stock market players, and other important stake holders in the formal and informal sectors. There's a good reason for that. Following the large scale policy intervention in the form of demonetization of the five hundred and thousand rupee notes, and the passage of the GST bill, there was a large interest in the tax structure that would be proposed and how it would directly affect the average Indian citizen...