Apex Court allows Central government to present Union Budget on February 1
 Source : News Bharati English  Date : 23-Jan-2017

New Delhi, Jan 20 : Dismissing the petition seeking the postponement of the Union Budget from February 1, Supreme Court has permitted Central government to present Union Budget on February 1. 

Scrapping the plea filed by advocate M L Sharma citing the reason of upcoming polls in the five states, a bench comprising Chief Justice J S Khehar and Justice D Y Chandrachud has granted permission to central government ruling out the violation the Model Code of Conduct in poll-bound states.

"There is no illustration to support that presentation of Union Budget would influence voters' mind in state elections," said the apex court. On January 4, the Election Commission had come out with the schedule of Assembly elections to be held in five states, including Uttar Pradesh.

The Centre has already decided to convene the Budget Session of Parliament from January 31 to present the annual budget for fiscal year 2017-18 the very next day. Earlier in the month of September cabinet decided to merge the railway budget with the annual budget, ending a nearly century-long practice. It also advanced the date of the general budget, usually the last working day in February, to ensure proposals take effect from April 1.

Modi government will deliver its budget a month earlier than usual for the 2017/18 financial year. The budget session of parliament will start on January 31 when the government is expected to present the Economic Survey, which sets the tone for Finance Minister Arun Jaitley's fourth annual budget.