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Home >> News >> First Time after Independence in India Budget Passes before April 1

First Time after Independence in India Budget Passes before April 1

Posted on: 06 Apr, 2017 Tags   Loksabha Speaker Sumitra Mahajan Union Budget 2017

IndiaNewsonWeb: 06 Apr, 2017, Lok Sabha Speaker Sumitra Mahajan congratulated the members of the House, Ministers and the government on Wednesday after the process of passing the Union Budget before April 1. As soon as the proceedings of the House started, Mahajan said, "An important tradition has started, I am happy that before April one, all procedures related to budget, tax and expenditure have been completed. For the first time in independent India this has happened. This is a historic moment."

The president said, "Earlier, the budget was presented in the end of February in the months of April, March or the last few years. Budget allocation was a part of the four-five-month-long process. "Mahajan said," This time this process has been completed before April 1, which means that the departments will be allocated budget from April 1. “She said that this will be the year of full year for government departments to spend on old and new schemes.

Mahajan said thanking Prime Minister Narendra Modi, Finance Minister Arun Jaitley, Parliamentary Affairs Minister Ananth Kumar and other Ministers and Members, "State Governments will also help in preparing their own budget." The central budget this year was presented on February 1 was there.

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