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  1. Budget Session of Parliament be advanced to last week of January? CCPA to decide

Budget Session of Parliament be advanced to last week of January? CCPA to decide

In yet another surprise move by the PM Narendra Modi government, it has been revealed that Cabinet Committee on Parliamentary Affairs is set to meet on Tuesday to take a call on advancing Budget 2017 Session of Parliament to last week of January.

By: | Updated: January 3, 2017 3:11 AM
Budget 2017, Budget 2017 what to expect, Budget 2017 latest news, Budget 2017 tax benefits By pre-poning the Budget, the need of presenting a Vote On Account is done away with and allow government spending in the first few months of fiscal. (PTI Photo)

In yet another surprise move by the PM Narendra Modi government, it has been revealed that Cabinet Committee on Parliamentary Affairs is set to meet on Tuesday to take a call on advancing Budget 2017 Session of Parliament to last week of January. This comes in the wake of the NDA government having already advanced the date to February 1 recently. The move had then caught the political parties by surprise and they have all vowed to carry out protests to force the Bharatiya Janata Party (BJP) led government to revert the dates back to the traditional date – February 28.

The reason provided by the government to advance the date of budget presentation was to allow expenditure to be authorised by the time the new financial year begins – Budget is presented at February end, but it is passed by both the Houses of Parliament only by mid-May. By pre-poning the Budget, the need of presenting a Vote On Account is done away with and allow government spending in the first few months of fiscal.

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The Cabinet Committee on Parliamentary Affairs (CCPA) will meet tomorrow to take a call on advancing the Budget Session of Parliament to the last week of January.

The Budget Session is normally convened in the last week of February but this year the government is looking set to convene the longest session of Parliament in the last week of January.

The presentation of the Budget is expected to take place on February 1. The Budget Session is being advanced as the government wants early allocation of funds for various schemes– from April 1, the beginning of the financial year.

The CCPA meeting has been convened to decide the date for the commencement of the Budget Session, a source said. Home Minister Rajnath Singh will chair the meeting.

Finance Minister Arun Jaitley, External Affairs Minister Sushma Swaraj and Parliamentary Affairs Minister Ananth Kumar are the members of CCPA, among others.

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