Fund Minister Arun Jaitley may get rid of the age-old routine of perusing out long proposition on new railroad lines and prepares once the 92-year-old pilgrim routine of a different Railway spending plan is scrapped and converged with the general Budget.
Rather, these will be placed as an annexure in the Budget.
As a component of a bigger activity of Budget update, the legislature is taking a gander at propelling the dates of presentation by a month to January-end to guarantee the entire procedure is finished before the start of the following monetary year.
“Propelling the date of Budget presentation to January-end is a proposal. There are a few information related issues. We are seeing (it),” a top Finance Ministry official said.
The authority included that propelling the general Budget presentation by a month to January-end will streamline use.
“Right now, as the full Budget gets went by May, the vast majority of the consumptions as of now happen in the third or final quarter (of the money related year). In the event that the Budget happens in January, use can be streamlined,” he said.
While the Constitution does not command a particular date for presentation of the Budget, it is normally introduced on the last working day of February and the two-phase procedure of parliamentary endorsement takes it to mid-May.
On merger of the railroad spending plan with the general one, he said a choice is yet to be taken.
“Regardless of the fact that it happens, the account pastor won’t read the proposition of laying new lines or new prepares (in his Budget discourse in the Lok Sabha),” the authority said, including that it would be placed in the Budget as annexure.
Railroad Minister Suresh Prabhu has favored scrapping the convention of having a different railroad spending plan. He needs it to be converged with the general Budget like it happens in all different services, including the all-vital Defense.
The Finance Ministry has additionally constituted a 5-part council to work out the modalities for the merger. The council has been requested that present its report by August 31.
Another authority said the Finance Ministry is thinking about propelling Budget presentation by a month to January-end. “Be that as it may, that doesn’t flag changing money related year soon,” he included.