General budget on 10 July; rail budget slated for 8 July

23 Jun 2014

1

The budget session of Parliament will begin on 7 July and the Narendra Modi government will present its first general budget on 10 July, leaving enough time for discussion on the budget till the session ends on 14 August.

The rail budget will be presented on 8 July, to be followed by the release of the Economic Survey on 9 July.

The decision was made at a meeting of the Cabinet Committee on Parliamentary Affairs (CCPA) today.

The CCPA, headed by home minister Rajnath Singh, also decided to table bills to replace ordinances, including the SC/ST Prevention of Atrocities (Amendment) Ordinance, the one on the Polavaram project, the TRAI Act (Amendment) Ordinance and the one to empower SEBI, on a priority basis for Parliament's consideration.

The ordinances have to be converted into bills before third week of July, beyond which the bills would lapse.

The meeting held in the chamber of parliamentary affairs minister M Venkaiah Naidu, in Parliament House also took stock of the issues like the rail fare hike and the appointment of the deputy speaker during the session.

The vote-on-account budget approved by the previous Parliament on 17 February ends on 31 July and a new budget for the 2014-15 fiscal has to be in place before that.

The over month-long session will have a total of 28 sittings and 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.

The opposition, which is yet to be accorded official status, would also be an issue of contention during the over a month-long session.

The Congress party, which lacks the requisite numbers, is seeking the post claiming that it is the single largest party in the opposition benches and the UPA, its pre-poll alliance has more than the adequate numbers to claim the post.

Latest articles

The battery race: who will control the future of electric vehicles?

The battery race: who will control the future of electric vehicles?

Fuel Volatility and Ethanol Policy May Support India’s EV Shift: BMW India

Fuel Volatility and Ethanol Policy May Support India’s EV Shift: BMW India

Climate Risks Shift from Insurance Challenge to Broader Financial Stability Concern: MSCI Institute

Climate Risks Shift from Insurance Challenge to Broader Financial Stability Concern: MSCI Institute

MMTC-PAMP launches organized silver buyback service to formalize resale market

MMTC-PAMP launches organized silver buyback service to formalize resale market

Tesla trails rivals in India’s EV market as pricing and localisation challenges persist

Tesla trails rivals in India’s EV market as pricing and localisation challenges persist

FMCG firms flag cost pressures as input inflation and monsoon outlook weigh on margins

FMCG firms flag cost pressures as input inflation and monsoon outlook weigh on margins

Oil prices fall sharply as easing Middle East tensions reduce supply concerns

Oil prices fall sharply as easing Middle East tensions reduce supply concerns

Cyient Semiconductors to acquire stake in Kinetic Technologies, eyes growth in power IC segment

Cyient Semiconductors to acquire stake in Kinetic Technologies, eyes growth in power IC segment

Flipkart sharpens AI focus to boost logistics, quick commerce and customer experience

Flipkart sharpens AI focus to boost logistics, quick commerce and customer experience