Explorer
Advertisement
Next budget to be presented around Feb 1: Finance Ministry
New Delhi: Announcing a major change in the date of presentation of the Union Budget, the Union Finance Ministry has said it will be advanced by a month -- and presented around February 1.
"There are three major changes that we are undertaking for the next year. First, presentation of Budget is advanced by about a month. We expect Budget to be presented around February 1," Economic Affairs Secretary Shaktikanta Das told DD News in an interview.
"So, all the preparation has been roughly advanced by about a month. Preparations are very much under control and we will be able to present the Budget around February 1," he added.
Das said the other two major changes regarding the Union Budget are converging of the Rail Budget with the General Budget and doing away with the Plan and Non-Plan Expenditure.
Instead the Budget will have Revenue and Expenditure classification only, he added.
"Revenue Department has also started the Pre-Budget consultations with the various stakeholders and Finance Minister's (Arun Jaitley) consultations with major stakeholders are also planned to be held in advance," Das said.
Follow Breaking News on ABP Live for more latest stories and trending topics. Watch breaking news and top headlines online on ABP News LIVE TV
View More
Advertisement
Advertisement
Advertisement
Top Headlines
India
India
Cities
India
Advertisement