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Budget Glossary |
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Appropriation Bill: It is presented to Parliament for its approval, so that the government can withdraw from the Consolidated Fund the amounts required for meeting the expenditure charged on the Consolidated Fund. No amount can be withdrawn from the Consolidated Fund till the Appropriation Bill is voted is enacted. |
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Pranab Mukherjee’s first Budget in 1982 included one provision that set the stage for India Inc’s most celebrated takeover battle. |
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