Khambata is global strategist at Cartica Management and a member of its investment committee while Sen is India's former ambassador to the US
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2 min read5 Feb 2008The 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