Under a production-sharing contract between Cairn India and state explorer ONGC, the Vedanta group firm could sell surplus crude oil only to government and its nominees
1 min read25 Jan 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