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Current Affairs: Union Budget 2015-16

Ministry of Finance of Government of India is responsible authority for national budget allocation for differet national level projects. On the basis of revenue earned in preceding year and requirements for next 1 year, ministry also impose taxes on people and businesses who earn money from any resource. Every year, on the beginning of new fiscal year, Minister of Finance presents budget to the nation.

Budget 2015-16 presented in the Parliament of India on 28 February 2015 by Finance Minister Mr. Arun Jaitely. The knowledge of budget is important for students preparing for various competitive examinations like Banking and Civil Services etc and those writing professional examinations like CA, ICWA etc.

Highlights of Budget 2015-16

Budget at a Glance

Link to Union Budget Website

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