State of the states4 min read . Updated: 03 May 2015, 05:02 PM IST
A look at the nuts and bolts of state budgets and why they will become more important in the coming years
In India, there is much ado about the Union budget each year. News channels are agog weeks in advance and analysts and commentators are lined up to dissect and opine before, during and after the budget speech is delivered by the finance minister. And then everyone loses interest, until the circus repeats the following year. The finance and appropriation Bills for 2015-16 were passed last week in the Lok Sabha, without creating too much of a media flutter.
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