Even as he played a vital role in the creation of the monetary union, Lamfalussy understood the fatal flaw at its heart
3 min read15 May 2015The 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