New Delhi, Jan 3, 2017: The Cabinet Committee on Parliamentary Affairs (CCPA) took place in Delhi on Tuesday and it was reported that the budget session was likely to be preponed to begin from January 31.
The first phase of the budget session is likely to start between January 31-February 9. The Financial Year 2018 budget is to be tabled in the Parliament on February 1.
According to sources, the Economic Survey is to be presented in the parliament on January 31.
Home Minister Rajnath Singh headed the meeting with Union Finance Minister Arun Jaitley, External Affairs Minister Sushma Swaraj and Parliamentary Affairs Minister Ananth Kumar will also be present at the CCPA meeting.
The recommendation will now be sent to President Pranab Mukherjee for his consent.
Informed sources said the general budget is likely to be presented on February 1, which would be a first. The budget so far has usually been presented at the end of February.
In another first, the Railway Budget is likely to be merged with the General Budget this time.
The Finance Ministry had constituted a five-member committee comprising senior officials of the ministry and the Indian Railways to work out the modalities for the merger.
The Budget session so far has been divided into two halves. However, there was no information on the second half of the session.
The recently concluded Winter Session of Parliament proved to be almost a washout amid protests over demonetisation.
The Chairs of both houses made it a point to express their displeasure at this as no significant business could be transacted during the 21 sittings.
The Lok Sabha could transact just 17.39 per cent of its scheduled business in the 19 hours that it worked, while the Rajya Sabha transacted 20.61 per cent of the listed business in its 22 working hours.
The 2017 Budget is going to a historic one as the government, for the first time in 92 years, will present a budget that would be merged with the rail budget.