The document discusses key aspects of India's union budget for 2011-2012, including the functions and advisory role of the Finance Commission in allocating funds between the central and state governments. Revenues that support the union and state budgets come from taxes, duties, corporation tax, and taxes on business capital.
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Budget
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THE UNION BUDGET
IMPORTANCE OF UNION BUDGET
UNION BUDGET(2011 – 2012)
THE BUDGET OF STATE GOVERNMENT
FINANCE OF UNION AND STATE
FINANCE COMMISSION
FUCTIONS OF FINANCE COMMISSION
ADVISORY ROLE
IMPACT OF PLANNING COMMION