Supreme Court to hear on Jan 23 plea to postpone Union Budget 2017

By: |
New Delhi | January 20, 2017 5:50 PM

The Supreme Court today deferred to January 23 the hearing on a plea seeking postponement of Union Budget presentation ahead of the upcoming Assembly polls in five states.

The PIL has said that the Centre be directed to present the Budget in the financial year 2017-18 which would commence from April 1, instead of the proposed February 1 date.The PIL has said that the Centre be directed to present the Budget in the financial year 2017-18 which would commence from April 1, instead of the proposed February 1 date.

The Supreme Court today deferred to January 23 the hearing on a plea seeking postponement of Union Budget presentation ahead of the upcoming Assembly polls in five states. A bench comprising Chief Justice J S Khehar and Justice D Y Chandrachud, which has sought material and legal provisions in support of the PIL, preferred to go through the additional affidavit filed by the petitioner. Advocate M L Sharma, who has filed the PIL, also expressed his readiness to argue the matter on Monday.

The PIL has said that the Centre be directed to present the Budget in the financial year 2017-18 which would commence from April 1, instead of the proposed February 1 date.

It has also said that the central government be restrained from declaring “any relief, programme, financial budget until the states’ elections are over” as they would violate the Model Code of Conduct.

You May Also Like To Watch This:

The Election Commission had on January 4 come out with the schedule of Assembly elections to be held in five states, including Uttar Pradesh.

The Centre has already decided to convene the Budget Session of Parliament from January 31 to present the Budget for 2017-18 fiscal the very next day.

Do you know What is Finance Bill, Short Term Capital Gains Tax, Fiscal Policy in India, Section 80C of Income Tax Act 1961, Expenditure Budget? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.