Introduction The Union Budget is one of the most important annual events in India’s governance and economic management. Often described as the annual financial statement of the central government, the Union Budget reflects the priorities, strategies, and fiscal health of the nation. It is not just a financial document but also a political and economic…
Introduction Every government in the world plays a significant role in the economic development of its nation. This role is carried out not only through laws, policies, and regulations but also through its financial decisions related to revenue and expenditure. The two main instruments of economic management are monetary policy and fiscal policy. While monetary…
A nation’s economic growth and development depend heavily on how its government allocates financial resources through the annual budget. The budget determines the course of public spending, taxation, investment in key sectors, and social welfare initiatives, all of which shape economic stability and progress. In India, the Union Budget is a crucial policy instrument that…