{"id":11263,"date":"2023-02-02T23:12:28","date_gmt":"2023-02-02T17:42:28","guid":{"rendered":"https:\/\/razorpay.com\/blog\/?p=11263"},"modified":"2023-03-07T11:25:43","modified_gmt":"2023-03-07T05:55:43","slug":"word-of-the-week-union-budget","status":"publish","type":"post","link":"https:\/\/razorpay.com\/blog\/business-banking\/word-of-the-week-union-budget\/","title":{"rendered":"Word of the Week: Union Budget"},"content":{"rendered":"<h2>Definition:<\/h2>\n<p>The Union Budget of India is an annual report made by the Finance Minister that details how the country&#8217;s money will be spent, and various policy changes.<\/p>\n<h2>Importance:<\/h2>\n<ul>\n<li>A Union Budget tells us how the country&#8217;s finances and the economy will look in the coming year.<\/li>\n<li>Aside from announcing the amount of money allotted to the different dimensions of the country&#8217;s development, the Finance Minister also announces important policy changes.<\/li>\n<li>The 2023 Budget gave heavy focus on the digital revolution across the fields of medicine, agriculture, education, and infrastructure.<\/li>\n<\/ul>\n<p><em>Read our sector-wise summary of the 2023 Union Budget <a href=\"https:\/\/razorpay.com\/blog\/business-banking\/budget-2023-key-highlights\/\">here<\/a>!\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Definition: The Union Budget of India is an annual report made by the Finance Minister that details how the country&#8217;s money will be spent, and various policy changes. Importance: A Union Budget tells us how the country&#8217;s finances and the economy will look in the coming year. Aside from announcing the amount of money allotted<\/p>\n","protected":false},"author":106,"featured_media":11665,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[27],"tags":[422,424,402],"class_list":{"0":"post-11263","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business-banking","8":"tag-budget","9":"tag-union-budget","10":"tag-word-of-the-week"},"_links":{"self":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/11263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/users\/106"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/comments?post=11263"}],"version-history":[{"count":0,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/11263\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media\/11665"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media?parent=11263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/categories?post=11263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/tags?post=11263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}