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Budget 2017: See Inside Why this year’s Budget will be peculiar

Budget 2017: See Inside Why this year’s Budget will be peculiar

Let’s have a look at a key  of the upcoming Union Budget 2017.             PAPERLESS BUDGET – For the first time, a paperless Budget is going to be presented – All the documents related to Budget will be presented online – By logging on to Union Budget Information System, all the documents can be downloaded – No Budget document can be accessed through pen drive or hard copy       ADVANCEMENT OF BUDGET DATE – The presentation of Budget has also been advanced this year – It will be presented on February 1 as against the old practice of presenting it on the last working day of February – Government wants to complete the Budget process between March 31 and April 15 NO DISTINCTION BETWEEN PLANNED AND NON-PLANNED EXPENDITURE – The abolition of Planning Commission will also have its impact this year – For the first time, there will be no distinction between planned and non-planned expenditure GST -Since the government is committed to implementing Goods and Services tax by July 1, indirect tax would be announced for the last time              ECONOMIC SURVEY – The Economic Survey will be presented at the first day of the Budget Session which will start on January 31 – As per the old practice, Economic Survey was presented after about five days of starting of Budget Session                NO SEPARATE RAIL BUDGET – This year there will not be any separate Rail Budget because it has been merged with Union Budget – All the major announcements related to the Railway sector will be made during the Union Budget CENTRAL SECTOR AND CENTRALLY SPONSORED...
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