UPA to unveil interim, Railway budget in Feb
The government is likely to make new indirect tax proposals but likely to eschew any direct tax proposal this time. This step is being taken to ensure that the fresh budget is prepared and presented after the general elections
AHEAD OF the next year’s general elections, the UPA Government will unveil an interim budget on February 16, in the next session of Parliament. UPA’s interim budget is likely to give a brief of the economy and the government could announce a slew of populist measures.
The next session of the Parliament is scheduled to commence on February 12, with an address of the President and conclude on February 26. The government is likely to make new indirect tax proposals but likely to eschew any direct tax proposal this time. This step is being taken to ensure that the fresh budget for next fiscal is prepared and presented by the new government after the general elections.
Since most of the members of Parliament are likely to be in their constituencies, this session is likely to witness low attendance and would be important only for technical reasons.
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