Location Set your Location

Login Ask & Answer Success Stories Courses Tuition & Classes Fees Write a Review All Categories Help Center
Post your Learning Need Signup as a Tutor
✕

Popular Cities

Bangalore Hyderabad Delhi Mumbai Chennai Pune Kolkata Gurgaon Ahmedabad Jaipur Noida Chandigarh
✕
✕

Find the best tutors and institutes for UPSC Exams Coaching

Find Best UPSC Exams Coaching classes

Please select a Category.

Please select a Locality.

No matching category found.

No matching Locality found.

Outside India?
UPSC Exams > UPSC Exams Questions >

What do you mean by Union Budget?

✕

Search for topics

What do you mean by Union Budget?

Asked by Last Modified  

Exam Coaching/UPSC Exams Coaching Exam Coaching/UPSC Exams Coaching/Civil Services (Mains) Coaching

Follow 0
Answer

5 Answers

Please enter your answer

Commerce Expert

The Union Budget of India, also referred to as the Annual financial statement in the Article 112 of the Constitution of India is the annual budget of India. The budget process in India, like in most other countries, comprises four distinct phases. Budget formulation: The preparation of estimates of... read more
The Union Budget of India, also referred to as the Annual financial statement in the Article 112 of the Constitution of India is the annual budget of India. The budget process in India, like in most other countries, comprises four distinct phases. Budget formulation: The preparation of estimates of expenditure and receipts for the ensuing financial year; Budget enactment: approval of the proposed Budget by the Legislature through the enactment of Finance Bill and Appropriation Bill; Budget execution: Enforcement of the provisions in the Finance Act and Appropriation Act by the government—collection of receipts and making disbursements for various services as approved by the Legislature; and Legislative review of budget implementation: audits of government’s financial operations on behalf of the Legislature. The Budget is a money bill and it is introduced in the Parliament accordingly. The budget is divided into two parts. Expenditure and Revenue Part They are introduced in Lok Sabha in the form of Appropriation Bill and Finance Bill respectively. read less
Comments
Dislike Bookmark

UPSC/Science Teacher

It is presented each year by union finance minister which gives the financial. Details of the year in which the budget is presented, of previous year and the coming year.
Comments
Dislike Bookmark

IAS/IELTS Trainer

As per the given definition in line with Article 112 of the Indian Constitution, the Union Budget of a year, also referred to as the annual financial statement, is a statement of the estimated receipts and expenditure of the government for that particular year.
Comments
Dislike Bookmark

Tutor

Union government needs funds to implement its programes and policies. Therefore, the finance minister presents to the parliament a budget, called the union budget, which is essentially a statement of revenue (how much revenue the government collected by way of taxes, duties and other levies; and how... read more
Union government needs funds to implement its programes and policies. Therefore, the finance minister presents to the parliament a budget, called the union budget, which is essentially a statement of revenue (how much revenue the government collected by way of taxes, duties and other levies; and how the government proposes to spend this money. The union government can not spend from the revenues until the Union Budget is passed by the parliament. read less
Comments
Dislike Bookmark

IAS/IELTS Trainer

Union Budget, which is a yearly affair, is a comprehensive display of the Government's finances. It is the most significant economic and financial event in India. The Finance Minister puts down a report that contains Government of India's revenue and expenditure for one fiscal year.
Comments
Dislike Bookmark

View 3 more Answers

Related Questions

Jitendra asked Is it possible to clear the UPSC for an average student?
16 Jul
12
Dhruv asked Which monthly magazine is good for the UPSC exam?
16 Jul
9
Garima asked Which is the best scoring subject for UPSC?
06/10/2017
7

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Thermodynamics
THERMODYNAMICS • Thermo = Heat, Dynamics = motion ∴ Thermodynamics means "heat in motion". Thermodynamics is the branch of engineering science which answer the following question: i) whether...
N

Nihar Ranjan Sahu | 25 May

0 0
0
Long Term Preprations for IAS
The process of long-term preparation is based on consistent perseverance and long-term commitment towards the goal of IAS.Keeping the fire kindled across the time is a threat most cannot do with. I would...

The Compass | 21 May

0 0
0
Transparency and Accountability
Transparency and accountability are the characteristics of Good Governance. A Good Government has to be transparent in its functioning. People have a right to know what is happening. The Right to information...
B

B.A. Nagesh | 19 May

0 0
0

Recommended Articles

UPSC - Group B Services

The list of exams conducted by United Public Service Commission (UPSC) is long and is hyped with the Group A exams like IAS, IPS and IFS only. Another set of services of the civil service falls under Group B category. This list is shorter than Group A, but offers significant job roles and opportunities to a considerable...

Read full article >

How to Prepare for Indian Forest Service...

Indian Forest Service (IFS) exam is the Forestry service of India conducted by Union Public Service Commission (UPSC). On successful completion of the Prelims, Main and Interview candidates are eligible to serve under the State or Central governments. Candidates who have qualified in the Prelims will be eligible to sit...

Read full article >

How to spot a great IAS coaching institute?

Civil Services is one of the toughest exams which need rigorous training and preparation. If you are looking for IAS coaching centers, keep in mind the following things before enrolling yourself: Check students reviews Use the Internet and dig in some information about the quality of IAS coaching classes of an...

Read full article >

7 Common Mistakes During Examination

The term Examination is a top concern for students as the examination is the detailed inspection of study. Knowing the fact that, examination is a test to demonstrate the knowledge, understanding, and ability of a student. Students across the globe are preparing their best to secure high marks. However, it s not surprising...

Read full article >

Find Civil Services Preliminary (CSAT) Coaching near you
Civil Services Preliminary (CSAT) Coaching in Delhi
Civil Services Preliminary (CSAT) Coaching in Hyderabad
Civil Services Preliminary (CSAT) Coaching in Mumbai
Civil Services Preliminary (CSAT) Coaching in Bangalore
Civil Services Preliminary (CSAT) Coaching in Chennai
Civil Services Preliminary (CSAT) Coaching in Pune
Civil Services Preliminary (CSAT) Coaching in Chandigarh
Civil Services Preliminary (CSAT) Coaching in Lucknow
Civil Services Preliminary (CSAT) Coaching in Jaipur
Civil Services Preliminary (CSAT) Coaching in Kolkata

Looking for UPSC Exams Coaching classes?

Find best UPSC Exams Coaching classes in your locality on UrbanPro.

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you

Find Best UPSC Exams Coaching classes?

Find Now »

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 25 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 6.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more

ThinkVidya Learning Pvt Ltd © 2010-2018 All Rights Reserved