Historic Features Of Union Budget

It was speculated that the budget could be postponed by a day after former minister of state for external affairs and Lok Sabha MP E. Ahamed passed away at the RML Hospital in the national capital in the wee hours of today after suffering from heart attack. Finance Minister Arun Jaitley is right now presenting the Union Budget 2017.

This year's budget is historic in several ways. The budget is for the first time being presented on February 1, earlier it was February end event. The government is aiming at implementing the budgetary provisions from the beginning of the financial year which is April 1. 

Another historic feature of this year's budget is that instead of a separate Rail Budget presented by the Railways Minister, allocations for the railways will be presented as part of the General Budget by the Finance Minister himself.