The actual determination of MSP is driven by a 'business as usual' practice of incremental increases in line with past trend, combined with the political need for 'look good' optics
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1 min read8 Aug 2007The 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