Pranab to present 2012-13 budget on March 16
Tuesday February 07, 2012 05:52:18 PM,
IANS
|
New Delhi: Finance
Minister Pranab Mukherjee will present the budget for 2012-13 on
March 16, the government announced Tuesday.
Railway Minister Dinesh Trivedi will present his budget March 14
and the economic survey will be tabled March 15, Parliamentary
Affairs Minister Pawan Kumar Bansal said.
"We will be recommending to the president that the budget session
may be summoned March 12 and continue up to March 30," Bansal told
reporters after the meeting of the Cabinet Committee on
Parliamentary Affairs chaired by Mukherjee here.
The minister said the budget session will resume April 24 after an
over three-week-long recess. The second part of the session will
end May 22.
The finance minister will be presenting the budget amid a sharp
slowdown in economic growth and a widening deficit.
As per the data released by the statistics department Tuesday, the
gross domestic product (GDP) growth is expected to fall to 6.9
percent in the 2011-12 fiscal ending March 31, as compared to 8.4
percent growth in the previous year.
While presenting the budget for 2011-12 last February, the finance
minister had targeted around nine percent economic growth.
Another major challenge is the widening fiscal deficit. As per
most estimates, this is expected to substantially surpass the 4.6
percent budgetary target.
The parliament session will start with President Pratibha Patil's
address to a joint sitting of the two houses, Bansal said.
The budget session, which generally starts in the third week of
February, had to be delayed due to the ongoing assembly elections
in five states, including Uttar Pradesh.
The model code of conduct, which prevents the government from
announcing policy decisions or sops that would influence voters,
is in force till the election process is completed March 9.
|
|
|
Home |
Top of the Page |
|
|
|
|
|
|
|
|
|
|
Top Stories |
Govt. to bring amendments in RTE Act: Kapil Sibal
After the objections raised by the All India Muslim Personal Law
Board (AIMPLB) and other oragnisations against some sections of
the Right to Education (RTE) Act, the government now plans to
submit
»
How right
is the Right to Education Act
RTE is not a panacea, say experts |
|
Most Read |
Maldives president quits after protests
Maldivian
President Mohamed Nasheed, elected only four years ago, resigned
Tuesday following overnight protests, authorities and media
reports said. The Maldives High Commission here said
»
|
Uttar Pradesh mosques double up as primary schools
Amid the mushrooming convent schools, mosques still
continue to be popular centres of learning at least up to the
primary class level in Uttar Pradesh's Azamgarh district. The
trend is more common in cities and towns where
» |
|
News Pick |
Content screening: Facebook, others to reply in 15 days
A Delhi court here Monday directed Facebook, Yahoo,
Google and other websites to file written statements within 15
days on removing objectionable content from their sites after the
Google informed it that it has removed
» |
Have new formula for cube root, says Agra mathematician
It has eluded experts for centuries, but now an Indian, following
in the footsteps of Aryabhatt, one of the earliest Indian
mathematicians, claims to have worked out a simple formula to find
any number's cube root.
Nirbhay Singh
» |
'Scientists should be accountable'
India's scientific community should learn to deal
with public accountability while doing business with the private
»
Ex-ISRO chief slams Antrix-Devas probe reports |
|
Picture of the Day |
 |
New
Delhi,27 Jan 2012-IGNOU Vice-Chancellor M Aslam receiving
the "Best teaching practices Award" from noted film director
Prakash Jha at the India Today Aspire education summit
2012,in New Delhi on Friday. Also in picture India Today
Group's Rekha Puri.
(Photo:
IANS/Amlan Paliwal) |
|
|
|