1. What is Budget?
Budget is an Annual financial statement of the estimated receipts and expenditure of the Government for the financial year. (1st April –31st March). It is presented by the Union Finance Minister in the parliament. Once passed by both the houses of parliament and approved by the President of India, the Budget comes into effect from 1st April.
Budget Speech 2016 - 17 (English)
Budget Speech 2016 - 17 (Hindi)