For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Union Budget 2020-21Likely On February 1, Economic Survey On January 31, 2020

|

As per sources from the finance ministry, the Union Budget for 2020-2021 is likely to be announced on February 1 and the Economic Survey will be presented a day before i.e. on January 31, 2020. After 2015-16, this will be the first time when the budget will be put forth on a Saturday.

Union Budget 2020-21Likely On February 1, 2020 Despite It Being A Saturday
 

On Friday, Prahlad Joshi parliamentary affairs minister said "tradition will continue", on being asked whether the government will continue with its tradition of presenting the budget on the first day of February as this time around it is a Saturday on that day, a non-working day.

In its first tenure, the Modi government took a decision to announce the budget on the first day of February instead of the last working day of the same month. And in line, the Union Budget for the year 2017-18 was announced on February 1 and ever since then the tradition continues. The measure was taken such that after the presentation of budget on February 1, all of the budgetary process is completed by the end of March 31. And beginning the new financial year, expenditure exercise for twelve months may be resumed.

GoodReturns.in

Read more about: budget union budget
Story first published: Saturday, December 14, 2019, 9:43 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more