The new policy will replace the current one approved in February 2007 and focus on promoting specific sectors such as defence and electronics
2 min read8 Jul 2016The 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