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Thursday, 22 January 2015

Railway Budget on Feb 26, 2015

Railway Budget on Feb 26, 2015

New Delhi: The budget session of Parliament will begin on February 23 and the Union budget will be presented on February 28, the Cabinet Committee on Political Affairs decided on Wednesday. The railway budget would be on February 26 and the presentation of the annual economic survey on February 27.

The first part of the budget session will be from February 23 to March 20 and the second part from April 20 to May 8, 2015. The Budget session is held in two parts with Parliament this year closing for a recess on March 20 and to re-convene on April 20.

It is going to be a crucial budget for the Narendra Modi government which is hoping to pass a series of legislations. The Centre also has to replace at least six ordinances with bills in the session which must be approved by Parliament to become laws. The ordinances, including a controversial one on land acquisition, will lapse if they fail to get Parliament’s approval.

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