Dr. Ravi Ahuja


Economics

6211 Views Budget 2017-18

---

Budget is an obligation of the Government of India under article 112,113,114(3)and 110 (a) of the constitution. Historically,although it was just a proposed balance sheet,governments now a days use budget as the occasion to announce major policy decisions. Over the years,this annual event has undergone several changes.

The present budget incorporates three major changes.
1. Rail Budget Merged with Union Budget.
2. Presentation of Budget preponed by a month.
3. Practice of presenting Plan/Non-Plan expenditure is done away.

---