Union Budget on January 31
Posted on: 16/Sep/2016 12:36:06 PM
The Cabinet may next week take up the proposal for merging Railway Budget with the General Budget and also decide about tabling the budget on 31st January.
As of now Railway Budget and general budget are being presented separately. Now the cabinet has decided to bring some changes in this pattern. Now there will be no separate budget for Railways. Every year, the budget session will commence in 3rd or 4th week and the Union Budget presented on last date of the month of February. This led to the legislative approvals taking place in two phases spread between February and May. In order to get all tax proposals as well as expenditure on schemes kicking in from beginning of new fiscal on April 1, the budget session of Parliament is likely to be convened on January 24.
The Economic Survey, that presents the state of economy, is likely to be presented on January 30 and the Union Budget on January 31.
