If the new 'institutions of eminence' can be kept free of regulatory shackles and made globally competitive, they could boost India's great-power ambitions
4 min read1 Jun 2017The 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