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Budget presentation

About Budget presentation

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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

Budget 2023 LIVE updates: Finance Minister Nirmala Sitharaman presented the annual Union Budget 2023-24 in Parliament today. Follow Business Standard for Budget highlights

Updated On: 05 Apr 2023 | 11:56 AM IST

In India, the average length of a budget speech is about 13,600 words and takes over two and a half hours to complete

Updated On: 25 Feb 2022 | 2:56 AM IST

The worrisome issue of fiscal consolidation remains a major concern

Updated On: 09 Feb 2022 | 10:56 PM IST

Government allocations on health and education do not meet its targets and consistently fall short in terms of actual spending

Updated On: 04 Feb 2022 | 6:05 AM IST

The last time India's real GDP was at 8 per cent-plus was in 2015-16 (8 per cent) and 2016-17 (8.3%)

Updated On: 04 Feb 2022 | 6:03 AM IST

Even as the total allocation has increased, it has fallen as a percentage of GDP

Updated On: 04 Feb 2022 | 4:17 PM IST

Budget for rural India may need to be revisited

Updated On: 03 Feb 2022 | 11:42 PM IST

Budget detaches the programme from fiscal needs

Updated On: 03 Feb 2022 | 11:36 PM IST

The government has enhanced its capital expenditure significantly with specific focus on infrastructure in areas of railways, roads, and logistics

Updated On: 03 Feb 2022 | 10:55 PM IST

'We are left with some open issues which need clarifications on the VDA', said Aravind Srivatsan

Updated On: 03 Feb 2022 | 9:48 PM IST

Domestic-focussed sectors due to the government's push on infrastructure and indigenous manufacturing are the big winners in the Budget

Updated On: 03 Feb 2022 | 6:10 AM IST

Airtel wants only interference-free spectrum to be put up for auction

Updated On: 03 Feb 2022 | 6:08 AM IST

The government has continued with earlier policies, schemes and extent of outlays, without attempting radical shifts or transformations

Updated On: 03 Feb 2022 | 6:07 AM IST

15-40 bps raise likely in MPC meeting next week, say market participants

Updated On: 03 Feb 2022 | 6:04 AM IST

India needs to boost tax-to-GDP ratio

Updated On: 02 Feb 2022 | 11:03 PM IST

A 500-company sample of Q3 results, including many of the private sector majors, shows signs of inflation impacts

Updated On: 03 Feb 2022 | 12:27 AM IST

Spectrum auctions to be conducted in 2022, expected rollout of 5G mobile services within 2022-23

Updated On: 02 Feb 2022 | 3:29 AM IST

The PM asked Farooq Abdullah (Srinagar) (who was kept in long detention by the central government two years ago) whether he was okay

Updated On: 02 Feb 2022 | 2:14 AM IST

'The introduction of digital currency will give a boost to the economy', said Shivraj Singh Chouhan

Updated On: 02 Feb 2022 | 2:07 AM IST

Inflation adjusted, the Integrated Child Development Scheme figure is 36 per cent lower for 2021-22 than it had been the year PM Narendra Modi took over

Updated On: 02 Feb 2022 | 4:37 PM IST