The Union Budget gives the annual financial statement of the government's estimated receipts and expenditure for a financial year. The Budget keeps the account of the government's finances for the fiscal year that runs from April 1 to March 31. It is the most important financial event of the year and is keenly watched by scores of industry captains and investors. Every year, the Finance Minister holds pre-Budget consultations with other ministries, state governments, economists, industries and corporate bodies before arriving at the final draft. This year's Budget presentation will be special as it may spell out regulatory measures on cryptocurrencies. It is also expected that the timeline for the Life Insurance Corporation (LIC's) Initial Public Offer or IPO could be revealed. Budget 2022 could also focus on voters in the five states voting soon, including Uttar Pradesh.
