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The Times of India

Business / The Times of India

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What is Union Budget? Meaning, importance and process explained

India's Union Budget, a crucial financial blueprint, is set for presentation on February 1. This annual statement, mandated by the Constitution, details government receipts and expenditures. The Lok Sabha holds primary authority over its passage, with the Rajya Sabha offering recommendations. The budget significantly impacts resource allocation, economic direction, and citizen finances.

21 Jan 2026 3:34 pm