Don’t miss the latest developments in business and finance.

image

Budget presentation

About Budget presentation

Facebook IconLinkedIN Icon

What is Budget presentation

Union Budget is the ‘Annual Financial Statement’ or the Statement of the Estimated Receipts and Expenditure of the central government before the beginning of each financial year, presented to the Lok Sabha on such day as the President might direct. The Union finance minister reads out a ‘Budget Speech’ on that day in the Lok Sabha. The Budget Speech highlights the salient points of the entire Budget that may run into several thousand pages. 
 
A copy of the Budget is laid in the Rajya Sabha soon after its presentation in the Lok Sabha. The preparation and presentation of the Budget for the approval of the legislature is a constitutional obligation on the part of the government, both at the Centre and in the states.
 
The Budget session of Parliament is normally held from February to May. During this period, the Budget comes before Parliament for its deliberation, voting and approval; the departmentally related standing committees consider the Demands for Grants of ministries/departments and report on the same to the Houses of Parliament.
 

Latest Updates on Budget presentation

Minister says backend overhaul to increase ticket and enquiry capacity tenfold

Updated On: 03 Feb 2023 | 11:39 PM IST

Budget 2023-24 adopted seven priorities or Saptarishi, one of which is building focus on green growth

Updated On: 03 Feb 2023 | 6:15 AM IST

Investors in the automobiles sector are clearly betting on big ticket consumption improving, including commercial vehicles

Updated On: 03 Feb 2023 | 6:10 AM IST

Presently, no TDS is required on interest payable in the case of listed dematerialised securities

Updated On: 03 Feb 2023 | 6:10 AM IST

Here are 10 stocks across sectors that are expected to gain the most from the various proposals

Updated On: 03 Feb 2023 | 6:05 AM IST

The government has ring-fenced financial outlays for various social sectors, and this is reflected in nominal increases and efforts to make them more effective

Updated On: 03 Feb 2023 | 6:00 AM IST

In an interview to PTI, Malhotra said the government does not have any specific timeline to make the new regime mandatory for taxpayers

Updated On: 02 Feb 2023 | 8:47 PM IST

Some of the countries whose allocation has been reduced under this head include Bhutan, Afghanistan and Mauritius

Updated On: 02 Feb 2023 | 8:42 PM IST

According to Nasscom, the creation of 5G labs will further help in opening newer avenues and opportunities, scaling up new business models and employment prospects

Updated On: 02 Feb 2023 | 5:19 PM IST

The Smart Cities Mission was allotted Rs 8,000 crore as against Rs 8,800 crore in the revised estimates for the last fiscal

Updated On: 01 Feb 2023 | 11:22 PM IST

He said the budget stands firm on the foundation laid by the previous budgets presented by the Narendra Modi government

Updated On: 01 Feb 2023 | 11:08 PM IST

The allocation to the government's autonomous body, Prasar Bharati, has been increased to Rs 2,808.36 crore from Rs 2,764.51 crore allotted to it in the last fiscal

Updated On: 01 Feb 2023 | 10:55 PM IST

The chamber which has been seeking relief to the MSMEs expressed gratitude to the government for giving several incentives to the small businesses and the start-ups

Updated On: 01 Feb 2023 | 10:48 PM IST

The Budget marked an increase in the allotment for Ex-Servicemen Contributory Health Scheme (ECHS) with Budget Estimates of Rs 5,431.56 crore in FY 2023-24 as against Rs 3,582.51 crore in FY 2022-23

Updated On: 01 Feb 2023 | 10:37 PM IST

The Budget allocated Rs 3,113.36 crore to the ministry, against Rs 10,667 crore in 2022-23, which was later revised to Rs 9,363.70 crore

Updated On: 01 Feb 2023 | 10:31 PM IST

The Department of Atomic Energy has been allocated Rs 25,078.49 crore which is lower than Rs 25,965.67 crore it had received in the revised estimates in the 2022-23 fiscal

Updated On: 01 Feb 2023 | 10:28 PM IST

According to Union Budget documents, an individual will have to pay tax on the maturity amount of life insurance policies where the aggregate annual premium exceeds Rs 5 lakh

Updated On: 01 Feb 2023 | 9:18 PM IST

For the next fiscal beginning April 1, the miscellaneous capital receipts have been pegged at Rs 61,000 crore, including Rs 51,000 crore from disinvestment

Updated On: 01 Feb 2023 | 9:11 PM IST

Rijiju has termed the allocation as "unprecedented", which will create paperless courts for faster delivery of justice

Updated On: 01 Feb 2023 | 9:00 PM IST

The budget also has penciled in a lower revenue growth forecast given the most-likely fall in nominal GDP from 15.5 per cent this fiscal to about 10 per cent next year

Updated On: 01 Feb 2023 | 8:53 PM IST