Union finance minister Nirmala Sitharaman will present Budget 2020 on
Saturday Feb 01,2020
This will be Nirmala Sitharaman's second budget as finance minister.
Nirmala Sitharaman had presented the first full Budget of the Narendra Mod led NDA Govt in July 2019
Nirmala Sitharaman is the first full-time woman finance minister of India. Before her, former prime minister Indira Gandhi was the only woman who presented the Union Budget. That was in February 1970
From 2017, the Union Budget is presented on 1 February replacing the previous practice of presenting it on the last day of February every year.
The Railway Budget was merged with the General Budget in 2017 thus putting an end to a 92-year-old practice of presenting a separate rail and general budgets. The Rail Budget was separated from the General Budget in 1924. The last Railway Budget was presented on 25 February 2016 by then railway minister Suresh Prabhu.
Since 2017, the Budget of the Ministry of Railways and the Demands for Grants relating to railway expenditure are presented in Parliament together with the Union Budget from the financial year 2017-18 onwards. The total receipts and expenditure of the Railways are, incorporated in the Annual Financial Statement of the Government of India.
The decision to merge the railway budget with General Budget was taken along with advancing the date of the Union Budget in the Parliament under the process of budgetary reforms taken up by the government.
This will be Nirmala Sitharaman's second budget as finance minister.
Nirmala Sitharaman had presented the first full Budget of the Narendra Mod led NDA Govt in July 2019
Nirmala Sitharaman is the first full-time woman finance minister of India. Before her, former prime minister Indira Gandhi was the only woman who presented the Union Budget. That was in February 1970
From 2017, the Union Budget is presented on 1 February replacing the previous practice of presenting it on the last day of February every year.
The Railway Budget was merged with the General Budget in 2017 thus putting an end to a 92-year-old practice of presenting a separate rail and general budgets. The Rail Budget was separated from the General Budget in 1924. The last Railway Budget was presented on 25 February 2016 by then railway minister Suresh Prabhu.
Since 2017, the Budget of the Ministry of Railways and the Demands for Grants relating to railway expenditure are presented in Parliament together with the Union Budget from the financial year 2017-18 onwards. The total receipts and expenditure of the Railways are, incorporated in the Annual Financial Statement of the Government of India.
The decision to merge the railway budget with General Budget was taken along with advancing the date of the Union Budget in the Parliament under the process of budgetary reforms taken up by the government.
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