Tuesday, November 15, 2016

It's final: Union Budget on February 1

It's final: Union Budget on February 1

The Union Budget will be presented in Parliament on February 1 next year. Sources said the demonetisation decision would have no impact on the Budget process.

Top finance ministry officials, who are key for the Budget-making exercise, have been busy overseeing the implementation of the demonetisation drive and marshalling banks to step up cash supplies. “But there has been no disruption. All the meetings are on schedule,“ an official said.

The government plans to complete the Budget exercise before the end of the financial year on March 31 to enable ministries to spend funds from the start of the year instead of waiting until May for money to flow in. It will also help in better tax planning, it is opined.

Source | Times of India | 16 November 2016

Regards

Pralhad Jadhav
Senior Manager @ Library
Khaitan & Co

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