Singapore Management University School of Law's Shubhankar Dam looks at India's use of the 'ordinance system' for passing laws
10 min read10 Jan 2014The 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