The fight against black money intersects with the country's massive informal economy, which keeps the industrial base narrow and limits the tax-to-GDP ratio
4 min read15 Nov 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