NEW DELHI: Finance Minister Arun Jaitley may do away with the age-old practice of reading out lengthy proposals on new railway lines and trains once the 92-year-old colonial practice of a separate Railway budget is scrapped and merged with the general Budget.
Instead, these will be put in the form of an annexure in the Budget.
As part of a larger exercise of Budget overhaul, the Government is looking at advancing the dates of presentation by a month to January-end to ensure the whole process is completed before the beginning of the next financial year.
“Advancing the date of Budget presentation to January-end is a suggestion. There are some data-related issues. We are seeing (it),” a top Finance Ministry official said.
The official added that advancing the general Budget presentation by a month to January-end will streamline expenditure.
“Currently, as the full Budget gets passed by May, most of the expenditures currently happen in the third or fourth quarter (of the financial year). If the Budget happens in January, expenditure can be streamlined,” he said. (AGENCIES)
Follow our WhatsApp channel
