Shadow banks in India have amassed large balance sheets, pumping out 30 percent of all the new credit in the economy over the past three years, according to Nomura Research.
2 min read4 Oct 2018The 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