1. PM Narendra Modi says advancing date of Budget by month, urges states to take advantage of move

PM Narendra Modi says advancing date of Budget by month, urges states to take advantage of move

PM Narendra Modi, who chaired his 16th interaction through ‘Pragati’ in Delhi today, said that his government was advancing the date of the Union Budget in 2017 from the usual one held in February by a month.

By: | New Delhi | Updated: October 26, 2016 8:03 PM
modi ease of doing business, modi ease of business, modi world bank, india ranking of world bank, india world bank ranking, india in world bank Prime Minister Narendra Modi. (PTI)

PM Narendra Modi, who chaired his 16th interaction through ‘Pragati’ in Delhi today, said that his government was advancing the date of the Union Budget in 2017 from the usual one held in February by a month. He indicated there was specific intent and purpose behind the move – the Budget till date was being held at the fag end of February for decades. The only change effected since Independence was in fact to move the timing from evening to morning to better serve India, rather than adhere to the British era related rules. This move by the Modi government will be the biggest change of them all.

In his speech, PM Modi mentioned that the Union Budget presentation is being advanced by about a month to ensure speedier implementation of projects and schemes.

He added that all states need to align their plans with this advancement, so that they could take maximum advantage.

Earlier, following proposals from Railway Minister Suresh Prabhu, the Modi-led central government had taken the decision to merge the railway budget with the Union Budget. The move taken by the Prime Minister to advance the budget next year might help the government prepare for the implementation of the Goods and Service Tax (GST) bill scheduled to roll out on April 1.

On 2011, he NDA government led by former Prime Minister, Atal Vihari Bajpyee, had advanced the the time for presentation of the budget to 11 am, from the earlier practice of presenting it at 5 pm.

Please Wait while comments are loading...

Go to Top