The Union Budget for the year 2017-18 will be an early affair with Finance Minister Arun Jaitley expected to present the draft in Parliament on February 1, while the Budget session is likely to begin in January next year.
In September this year, the government bid adieu to three British-era parliamentary legacies: the 92 year-old practice of separate general and rail budgets by unifying them, ending the distinction between plan and non-plan expenditures, and advancing the presentation date in Parliament from the last week of February.
The announcement has come a day before the month-long winter session of Parliament – normally convened in the third or fourth week of November – to be held from November 16 to December 16.
Uproarious scenes are expected in winter session following Centre’s decision on demonitisation which is now rocking the country. The opposition has exhibited a never-see-before unity and has determined to corner the government on the issue.