Union Budget likely in March

 The Union Budget for 2012-13, being rescheduled in view of the coming Assembly polls in five states, is likely to be presented in the week beginning March 12.

However, the Union government on Wednesday said it was yet to finalise the date of Budget presentation. “We are working on date. We will present the Budget after Assembly election is over... The code of conduct will be operational till March 9,” Finance Minister Pranab Mukherjee told reporters.

The UPA government has postponed the Budget session of Parliament in view of the  five states of Uttar Pradesh, Punjab, Uttarakhand, Goa and Manipur going to elections, between January 30 and March 3. The counting of votes takes place on March 4 and the code of conduct will come to an end on March 9.

As March 10 and March 11 are Saturday and Sunday, the Budget is likely to be presented in the week beginning March 12. The general Budget is usually presented on the last day of February every year. Mukherjee is expected to hold discussions with various stakeholders during his annual pre-Budget meetings, beginning January 11. The minister will hold the first meeting with agriculturalists, followed by a series of interactions with sectoral experts, representatives, industry captains and economists over the next 10 days to get their feedback and inputs for incorporating them in Budget 2012-13.

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