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The Union Budget is the annual financial report of India; an estimate of income and expenditure of the government on a periodical basis. As per Article 112 of the Indian Constitution, it is a compulsory task of the government. [3] The first budget of India was presented on 18 February 1860 by Scotsman James Wilson. [4]
The Union Budget of India, also referred to as the Annual Financial Statement in Article 112 of the Constitution of India.It is the annual budget of the Republic of India set by Ministry of Finance for the following financial year, with the revenues to be gathered by Department of Revenue to identify planned government spending and expected government revenue and the expenditures gathered by ...
The 2021 Union Budget of India was presented by the Minister of Finance on 1 February 2021. The budget is the first one to be presented orally due to ongoing COVID pandemic . [ 2 ]
The 2020 Union Budget of India (ISO: 2020 Ke liye Bhārat Kā Saṅghīya Bajaṭ) was presented by the Finance Minister, Nirmala Sitharaman on 1 February 2020, as her second budget. This is the second budget of Narendra Modi -led NDA government 's second term.
The 2019 Union Budget of India was presented by Finance Minister, Nirmala Sitharaman on 5 July 2019, 11 am as her maiden budget. [1] This was the first budget of Narendra Modi led NDA government second term.
Additionally, in Indonesia Idul Fitri has a legally mandated salary bonus for all employees, known as Tunjangan Hari Raya (THR) as initially enforced by Indonesia's Ministry of Manpower and Transmigration (Kementerian Tenaga Kerja dan Transmigrasi) in the 1950s. The mandated amount of this salary bonus differs by region.
India regards Indonesia as a key member of ASEAN. Both nations had agreed to establish a strategic partnership. [5] The two countries have significant bilateral trade. [6] India and Indonesia are among the largest democracies in the world. [7] Both are member states of the G-20, the E7 (countries), the Non-aligned Movement, and the United Nations.
India, officially the Republic of India, [j] [20] is a country in South Asia.It is the seventh-largest country in the world by area and the most populous country.Bounded by the Indian Ocean on the south, the Arabian Sea on the southwest, and the Bay of Bengal on the southeast, it shares land borders with Pakistan to the west; [k] China, Nepal, and Bhutan to the north; and Bangladesh and ...