New Delhi: Finance Minister Arun Jaitley will present the budget for the 2014/15 financial year on 10 July, government sources said, three days after the parliament begins its budget session.
The new government, led by Prime Minister Narendra Modi, will present the railway budget on 8 July and the country's economic survey on 9 July.
The budget session of parliament is scheduled to conclude on 14 August, but it could be extended further, the sources said.
India's previous government presented an interim budget for 2014/15 to parliament on 17 February, ahead of national elections to cover expenditure until a new administration was installed.
The rail budget will be held on 08 July, although the Modi government has already decided to hike rail passenger fares.
The CCPA, headed by Home Minister Rajnath Singh, decided that bills to replace ordinances, including the SC/ST Prevention of Atrocities (Amendment) Ordinance, the one on Polavaram project, the TRAI Act (Amendment) Ordinance and the one on SEBI, will be brought on a priority basis for consideration in the session, official sources said.
The ordinances have to be converted into bills before third week of July.
The over month-long session will have a total of 28 sittings.
The vote-on-account budget approved by the previous Parliament ends on 31 July and a new budget has to be in place before that date.
The opposition is likely to rake up the issue of hike in rail passenger fares and freight rates ahead of the presentation of the Rail Budget. Naidu had recently said that the election of Deputy Speaker will take place during the Budget session.
Speaker Sumitra Mahajan has already said that she would take a decision on the issue of the Leader of Opposition in the Lok Sabha before the Budget session.
Congress, which lacks the requisite numbers, is seeking the post claiming that it is the single largest party in the opposition benches and its pre-poll alliance -- UPA -- has together more than the adequate numbers to claim the post.
Reuters
New Delhi: Finance Minister Arun Jaitley will present the budget for the 2014/15 financial year on 10 July, government sources said, three days after the parliament begins its budget session.
The new government, led by Prime Minister Narendra Modi, will present the railway budget on 8 July and the country's economic survey on 9 July.
The budget session of parliament is scheduled to conclude on 14 August, but it could be extended further, the sources said.
India's previous government presented an interim budget for 2014/15 to parliament on 17 February, ahead of national elections to cover expenditure until a new administration was installed.
The rail budget will be held on 08 July, although the Modi government has already decided to hike rail passenger fares.
The CCPA, headed by Home Minister Rajnath Singh, decided that bills to replace ordinances, including the SC/ST Prevention of Atrocities (Amendment) Ordinance, the one on Polavaram project, the TRAI Act (Amendment) Ordinance and the one on SEBI, will be brought on a priority basis for consideration in the session, official sources said.
The ordinances have to be converted into bills before third week of July.
The over month-long session will have a total of 28 sittings.
The vote-on-account budget approved by the previous Parliament ends on 31 July and a new budget has to be in place before that date.
The opposition is likely to rake up the issue of hike in rail passenger fares and freight rates ahead of the presentation of the Rail Budget. Naidu had recently said that the election of Deputy Speaker will take place during the Budget session.
Speaker Sumitra Mahajan has already said that she would take a decision on the issue of the Leader of Opposition in the Lok Sabha before the Budget session.
Congress, which lacks the requisite numbers, is seeking the post claiming that it is the single largest party in the opposition benches and its pre-poll alliance -- UPA -- has together more than the adequate numbers to claim the post.
Reuters
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