Union Finance Minister Nirmala Sitharaman recently launched the ‘Union Budget Mobile App’ ahead of the Budget 2021-22 presentation on February 1. The app will ensure hassle-free access to Budget documents, which is a good good thing, but we must understand it too. Kapil Rana, founder & chairman, HostBooks Limited, says: "It becomes necessary to understand the budget documents because by scrutinising them, we can understand the government's intention, its priorities, policies, and allocation of financial resources among various sectors and industries."
The Union Budget gives an account of the government's finances for the fiscal year that runs from April 1