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CCPA to decide today at 11 AM on budget session

By IndianMandarins- 03 Jan 2017
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ccpa-to-decide-today-at-11-am-on-budget-session [caption id="attachment_23172" align="alignnone" width="299"] File Photo[/caption] The Cabinet Committee on Parliamentary Affairs (CCPA) is scheduled to meet and finalize the date for the forthcoming Budget Session of Parliament at 11 am on Tuesday. The Budget session may be advanced and begin from end-January. This year's budget session will be the first after the merger of Railway Budget and the Union Budget. The 92-year-old practice of presenting a separate Rail Budget is going to end from the fiscal, with the Finance Ministry accepting Railway Minister Suresh Prabhu's proposal to merge it with the General Budget. 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. With this merger, Indian Railways is expected to rid of the annual dividend it has to pay for gross budgetary support from the government every year. Finance Minister Arun Jaitley has indicated that railway travel may become costlier for passengers in the next financial year. Jaitley is also set to hold pre-budget consultation with states on January 4, after the meeting of the GST Council gets over.

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