Indian budget in Feb |
Indian Prime Minister Narendra Modi gave his go-ahead to advancing the introduction of the general budget to the first week of February so as to dovetail Presidential approval a day before the new financial year starts on April 1. The PM fixed the Parliament approval date for March 30 and asked them to work backwards to arrive at the presentation date which, officials said, would be in the first week of February with a slight compression of the recess.The Prime Minister approved March 30 as the date to avoid fiscal pendency in May and June. It would also end the uncertainty on various tax proposals presented in the Finance Bill as taxpayers would know the exact provisions before the fiscal year starts.
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