From changes to the income tax slab to newer rural schemes, all eyes are on the Finance Minister on February 1.
The Appropriation Bill, when approved by Parliament, grants the Union the permission to spend from the Consolidated Fund
The Finance Bill is the government's plan to earn through taxes, and requires Parliament's approval for its collection
The annual financial statement demarcates accounts on the basis of revenue and capital.
The annual financial statement temporally presents the finances of the government, and is a part of the Budget
The Lok Sabha is constitutionally superior in all financial matters, with all financial bills bound to originate there.
The fiscal deficit is the difference between the government's expenditure and its non-debt receipts.
The main account of central government, it holds receipts of the government, and bears its expenditure.
The Bombay Stock Exchange will trade on February 1, which is a Saturday, BOOM confirmed with a spokesperson