RBI doesn't favour the settlement of rupee bonds on Euroclear or Clearstream platforms, but wants foreigners to engage local custodians instead
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1 min read12 Dec 2009The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared