The dependence on short-term commercial paper for funds is alright if it was for working capital, but the suspicion is, as in the case of IL&FS, these short-term funds are being used to fund long-term assets
2 min read10 Oct 2018The 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