Former Brazilian President Luiz Inacio Lula da Silva has been convicted of corruption charges and sentenced to nine-and-a-half years in prison
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1 min read16 Mar 2016Until recently, no one could be sent to prison in Brazil until all possible appeals had been exhausted
3 min read7 Mar 2016Police say they have evidence that Lula received illicit benefits from kickbacks at state oil firm Petroleo Brasileiro in the form of payments and luxury real estate
3 min read4 Mar 2016Police to probe businessman Marcos Valerio’s charges that Lula not only knew about the illegal scheme but also received money from it
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4 min read3 Oct 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