GET Stock QuotesNews18 APP
News18 English
cricketnext
»
1-min read

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.

IANS

Updated:January 16, 2017, 1:17 PM IST
facebookTwittergoogleskypewhatsapp
Budget To Be presented on February 1, Says MoS Arjun Ram Meghwal
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.

Read full article
Next Story
facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Infosys 884.20 +8.80 +1.01
DLF 186.55 +11.25 +6.42
Fortis Health 151.50 +9.95 +7.03
Rel Capital 753.45 +9.00 +1.21
Avenue Supermar 991.80 +33.75 +3.52
Company Price Change %Gain
Infosys 884.95 +7.80 +0.89
Balkrishna Ind 1,568.00 +88.85 +6.01
Vedanta 294.95 +1.75 +0.60
Fortis Health 151.65 +10.00 +7.06
Larsen 1,120.20 +0.95 +0.08
Top Gainers
Company Price Change %Gain
Dr Reddys Labs 2,042.00 +57.85 +2.92
GAIL 388.00 +10.25 +2.71
Bharti Airtel 429.65 +7.55 +1.79
NTPC 170.60 +2.90 +1.73
Adani Ports 381.00 +5.35 +1.42
Company Price Change %Gain
Dr Reddys Labs 2,040.05 +55.20 +2.78
Bharti Airtel 429.70 +8.05 +1.91
NTPC 170.70 +3.25 +1.94
Adani Ports 380.55 +6.05 +1.62
Tata Motors 378.55 +5.20 +1.39
Top Losers
Company Price Change %Gain
Tech Mahindra 432.20 -7.15 -1.63
Tata Power 79.05 -1.00 -1.25
HCL Tech 866.05 -9.80 -1.12
Eicher Motors 30,648.00 -329.15 -1.06
Bharti Infratel 383.70 -4.15 -1.07
Company Price Change %Gain
HUL 1,189.60 -11.15 -0.93
TCS 2,483.45 -12.60 -0.50
Reliance 1,560.30 -3.05 -0.20
Sun Pharma 470.55 -0.30 -0.06
Hero Motocorp 3,885.05 -0.25 -0.01

Live TV