Union Budget 2020-2021

What is the Union Budget? As per Article 112 of the Indian Constitution, the Union Budget is defined as a statement of the estimated receipts and expenditure of the government for that particular year. It is also referred to as the Annual Financial Statement as it details the account of the government finances for the financial year that starts from 1st April to 31st March. Since 2017, the Union Budget is being presented on the first working day of February before that it was presented on the last working day of February.

Union Budget 2020-2021 has been announced by the Union Minister of Finance& Corporate Affairs, Ms. Nirmala Sitharaman, on February 1, 2020. This is the first Union Budget of the third decade of the 21st century and the second one presented by Ms. Nirmala Sitharaman. Union Budget 2020-2021 has been structured on the overall theme of “Ease of Living” ​ and focused on three important ​areas​: Aspirational India, Economic Development, A Caring Society.

Understanding of the Union Budget is very important from various competitive exams point of view as every year many questions are asked in various exams like RBI Grade B , NABARD Grade A , NABARD Grade B , SEBI Grade A and other Banking exams based on this.

You can download the most comprehensive yet concise and relevant summary and highlights of Union Budget 2020-2021, compiled by ixamBee for FREE.

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You can also refer to previous years’ summaries of Union Budgets here:

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