New Delhi, Jan. 31 -- With the Union Budget 2023 fast approaching, all eyes are on Finance Minister Nirmala Sitharaman to see what the finance ministry has in store to help set the Indian economy struck by the Covid pandemic back on track. Union Finance Minister will present the Union Budget 2023 on February 1, Wednesday at 11 AM.

The union budget 2023, is divided in to two parts: the Annual Financial Statement and the Demand for Grants. The annual Financial Statement gives an overview of the government's revenue and expenditure for the upcoming fiscal year. The Demand for Grants is presented in the form of a vote-on-account. This is a provision that allows the government to withdraw money from the Consolidated Fund of India to meet its ...