Budget To Be presented on February 1, Says MoS Arjun Ram Meghwal
Minister of State for Finance Arjun Ram Meghwal on Wednesday said that it was also necessary to present the Budget early as the implementation date of the Goods and Services Tax (GST) has been fixed at April 1, 2017.
File photo of Minister of State for Finance Arjun Ram Meghwal.
New Delhi: Minister of State for Finance Arjun Ram Meghwal on Wednesday said that the Budget date has been finalised as February 1, though a formal confirmation is awaited from the Cabinet Committee on Economic Affairs.
"It is almost decided that February 1 will be the date for presentation of the Union Budget 2017. The date will be formally decided in the CCEA meeting," Meghwal said in an interview.
The minister said that it was also necessary to present the Budget early as the implementation date of the Goods and Services Tax (GST) has been fixed at April 1, 2017.
The other two major changes regarding the upcoming 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.
"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," Economic Affairs Secretary Shaktikanta Das had said earlier.
|MAS Financial S||654.40||+195.40||+42.57|
|Power Grid Corp||213.55||+8.65||+4.22|
Recommended For You
- Secret Superstar: How Zaira Wasim Proves Age and Experience Don't Dictate Talent
- Hasan Ali Breaks Waqar Younis' Record in Third Sri Lanka ODI
- Diwali 2017: Sara, Sonam, Alia Look Chic In Traditional Attires At Ekta Kapoor's Bash
- Sangeet Som's Ignorance of History Monumental, Says Javed Akhtar
- Diwali 2017: Gift Yourself A Healthier & Longer Life This Festive Season