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IL&FS subsidiary served as a loan conduit for group firms, related parties

Kanak Resources Managementcontrolled by IL&FS Environmental Infrastructure and Servicestook short-term loans from group companies over the past two years, only to disburse to related parties

3 min read18 Oct 2018

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Budget

The 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

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