Rail Budget 2018 date, time: Union Budget 2018 will be presented on February 1. The Modi government’s Rail Budget 2018 will be presented on budget day. Finance Minister Arun Jaitley will present the Union Budget. This will be the Modi government’s fifth budget and probably the most crucial one. This is the last full budget of the incumbent BJP-led NDA government before the 2019 Lok Sabha Polls.
Both Union Budget 2018 and the Railways Budget 2018 will assume political significance as there are a number of key elections that are set to take place across the country throughout the year. The Modi government will look to address the issues in budget 2018. There is much hype surrounding the announcements in the Union Budget and Rail Budget. Expectations have reached all time and Budget 2018 and Rail Budget will tell us where we are heading as a nation and what is the Modi government’s plan of action.
When is Railway budget?
In 2016, the Modi government decided to merge Rail Budget with the Union Budget from budget year 2017-18. The centre cited a number of benefits which will accrue due to this move. The central government had said the presentation of a unified budget will help present a holistic picture of the financial position of it. “Merger of Rail Budget with Union Budget would facilitate multimodal transport planning between highways, railways and inland waterways,” the government had said. It will allow Ministry of Finance greater elbow-room at the time of mid-year review for better allocation of resources, etc.
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Rail budget 2018 date and time
Rail Budget will be presented on the same day as Union Budget 2018. Announcements regarding Railway budget 2018 will be made in between FM Arun Jaitley’s Budget 2018 speech. FM Jaitley will rise to present the Budget 2018 at noon on Budget day. It will be during the budget 2018 speech, FM Jaitley will announce allocations and proposals regarding Railway budget 2018.
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Who will present Rail Budget 2018 in Parliament
Finance Minister Arun Jaitley will present the Budget 2018 and Rail Budget 2018 on the budget day. Meanwhile, The Budget Session of Parliament is set to commence on January 29. President Ram Nath Kovind will address the joint sitting of the two Houses on January 29. The first phase of the session will be from January 29 to February 9. After a recess, Parliament will meet again from March 5 to April 6. There will be a recess between the session so that the department-related standing committees can clear the budgetary proposals related to their respective ministries.