Govt arrives at consensus over Budget presentation

February 01, 2017 10:41

The cloud hovering over the presentation of Union Budget 2017 got cleared as the government arrived at a consensus after speaking to all political parties.

Sources said the obituary to former Union minister and Indian Union Muslim League MP E Ahamed will take place before the presentation of the Union Budget.

The budget had been passed in the past as well after sitting MP Paul Jujhar and MoS industry M B Rana breathed their last in 1954 and 1974 respectively.

It was earlier speculated that the Budget could be postponed by a day after E Ahamed passed away at the RML Hospital in the national capital in the wee hours of today after suffering a heart attack.

This year's Budget is historic in several ways.

It is being presented for the first time on February 1, after having been a February-end event all along. The government is aiming at implementing the budgetary provisions from the beginning of the financial year, which is April 1.

Another feature of this year's Budget is that instead of a separate Rail Budget presented by the railway minister, allocations for the railways will be presented as part of the General Budget by the finance minister himself.

After presenting the Budget, Jaitley will reply to questions by Twitterati on the Budget proposals. The questions to Jaitley can be asked on Twitter by using the hashtag #MyQuestionToFM.

The first part of the Budget session will continue till February 9, and after a month-long recess the second part will commence from March 9.

The first part of the session has been kept brief in view of the upcoming assembly polls in Uttar Pradesh, Uttarakhand, Goa, Punjab and Manipur.

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