HERE'S EVERYTHING YOU NEED TO KNOW ABOUT UNION BUDGET:UNION BUDGET: Union Budget is the most comprehensive report of the government's finances in which revenues from all sources and outlays of all activities are consolidated. REVENUE BUDGET: The revenue budget consists of revenue receipts of the Government and its expenditure. FINANCE BILL: The Bill produced immediately after the presentation of the Union Budget detailing the imposition, abolition, alteration, or regulation of taxes proposed in the budget. BUDGET ESTIMATES: Amount of money allocated in the Budget to any ministry of scheme for the coming financial year. PLAN EXPENDITURE: Money given from the Government's account for the central Plan is called Plan Expenditure.

Source: India Today February 01, 2017 03:47 UTC