Cabinet to decide budget day

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FINANCE
The Union Cabinet may decide on Thursday on a proposal of the Finance Ministry to advancing the date for Budget presentation to February 1. On September 21, the Cabinet had agreed in principle to end the colonial-era tradition of presenting the Union budget on last day of February and advance it by about a month to help complete the legislative process for approval of annual spending plans and tax proposals before beginning of the new financial year on April 1.
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