The Union cabinet may next week take a call on advancing budget session of parliament by a month to January 24, a move that will give government enough time to complete all legislative work before the
The Union cabinet may next week take a call on advancing budget session of parliament by a month to January 24, a move that will give government enough time to complete all legislative work before the start of the next fiscal year on April 1.
Sources said that the cabinet may also take up the proposal for merger of railway and general budgets.
The winter session is likely to be convened on November 12 to secure approval for legislations necessary for early GST rollout.
Till now the budget session was convened in the third or fourth week of February, and the Union budget was presented on the last date of the month. This led to the legislative approvals taking place in two phases spread over February and May. Sources said that in order to get all tax proposals as well as expenditure on schemes kicking in from beginning of new fiscal on April 1, the budget session is likely to be convened on January 24.
The Economic Survey, that presents the state of economy, is likely to be presented on January 30 and the Union budget on January 31.
