GET Stock QuotesNews18 APP
News18 English

ASSOCIATE SPONSORs

Powered by cricketnext logo
»
2-min read

Arun Jaitley Scotches Doubt, to Present Budget as Scheduled

Brushing aside doubt in the wake of death of a sitting member, Finance Minister Arun Jaitley On Wednesday announced that he will present the Union Budget for 2017-18 as scheduled at 11 am.

Press Trust Of India

Updated:February 1, 2017, 11:14 AM IST
facebookTwittergoogleskypewhatsapp
Arun Jaitley Scotches Doubt, to Present Budget as Scheduled
Finance Minister Arun Jaitley arrives at the parliament to present the Union budget. Photo: Reuters

New Delhi: Brushing aside doubt in the wake of death of a sitting member, Finance Minister Arun Jaitley On Wednesday announced that he will present the Union Budget for 2017-18 as scheduled at 11 am.

""Watch me live presenting the Union Budget 2017 at 11 am, February 1, 2017 http://www.loksabhatv.nic.in/," Jaitley tweeted.

The tweet came as doubt was being cast over presentation of the Budget in the wake the death of former Union minister and Indian Union Muslim League leader E Ahamed early this morning.

Some quarters even demanded putting off the Budget presentation till tomorrow following the tradition of Lok Sabha adjourning for the day as a mark of respect whenever a sitting MP passes away.

The government, however, felt that performing a constitutional duty did not mean any disrespect to the departed soul and there were two precedents where death of a sitting MP and minister did not prevent the then government
from presenting the Budget on the scheduled day.

Sources said the government cited death of minister M B Rana on the Budget day on August 31, 1974. The then Speaker G S Dhillon decided to go ahead with the Budget presentation. Indira Gandhi was the prime minister then.

Also, on April 19, 1954, sitting member Jujhar Pal Sorein passed away on the day of presentation of the Railway Budget, but the House proceedings were held as scheduled.

Sources said that on both occasions, the Lok Sabha met in the morning and was adjourned for a few hours as mark of
respect to the departed and the Budget was unveiled in the evening, in line with the schedule.

In those days, the Budget was presented in evening, usually at 5 pm. The Budget presentation, the sources said, is likely after an obituary reference.

Also, all Budget papers are printed with today's date, postponement will cause many hassles, the government argued.

Sources said Jaitley met President Pranab Mukherjee in the morning to fulfil the constitutional obligation of getting a go-ahead from the head of state for the Budget presentation.

Read full article
Next Story
facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
HDFC 1,896.80 +38.45 +2.07
SBI 303.25 -3.85 -1.25
Yes Bank 341.20 -1.20 -0.35
ICICI Bank 346.15 +2.90 +0.84
HDFC Bank 1,934.30 +43.80 +2.32
Company Price Change %Gain
Indiabulls Hsg 1,243.40 +35.05 +2.90
HDFC 1,897.00 +37.05 +1.99
SBI 302.75 -3.60 -1.18
IDFC 59.00 -2.65 -4.30
Yes Bank 340.25 -2.25 -0.66
Top Gainers
Company Price Change %Gain
Indiabulls Hsg 1,243.70 +34.35 +2.84
ITC 273.40 +7.35 +2.76
UPL 800.50 +19.75 +2.53
HDFC Bank 1,934.30 +43.80 +2.32
HDFC 1,896.80 +38.45 +2.07
Company Price Change %Gain
ITC 272.85 +6.95 +2.61
HDFC Bank 1,931.80 +40.70 +2.15
HDFC 1,897.00 +37.05 +1.99
M&M 758.70 +13.65 +1.83
Kotak Mahindra 1,045.40 +18.20 +1.77
Top Losers
Company Price Change %Gain
Bharti Infratel 343.80 -22.30 -6.09
Adani Ports 416.25 -17.15 -3.96
Hindalco 253.90 -8.85 -3.37
UltraTechCement 4,408.65 -135.60 -2.98
Tata Steel 751.75 -22.25 -2.87
Company Price Change %Gain
Adani Ports 414.35 -18.70 -4.32
Tata Steel 751.85 -22.40 -2.89
Coal India 283.10 -8.20 -2.81
BHEL 97.25 -2.60 -2.60
Sun Pharma 576.25 -7.10 -1.22

Live TV