The Union Budget of India, also referred to as the Annual Financial Statement in Article 112 of the Constitution of India, 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 Department of Expenditure of the public sector, to forecast economic conditions in compliance with government policy.
Union Budget
The Finance Minister Arun Jaitley at the Halwa ceremony to mark the commencement of Budget printing process
Union Finance Minister giving final touches from his desktop to the General Budget 2006–07.
Another tradition is the pre-budget speech of the President. In picture the President being led in a ceremonial procession to the Central Hall of the Parliament to address the Budget Session, 2005.
Ministry of Finance (India)
The Ministry of Finance is a ministry within the Government of India concerned with the economy of India, serving as the Treasury of India. In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, centre and state finances, and the Union Budget.
North Block, Central Secretariat
Pranab Mukherjee, Former Finance Minister of India with Former US President George W. Bush.