New Delhi: The Union Budget of India will be presented on July 3 by Pranab Mukherjee while the Railway Budget will be presented on July 1. Meanwhile the Economic Survey is said to be held on July 2. Earlier Finance Minister Pranab Mukherjee has said that this year''s budget will spell out policies as well as priorities of the new UPA government.
The minister further said that this budget would address the issues and the concerns about the economy raised by him in the interim budget, especially with regard to the sectors which are hit badly by the global financial crisis.
Noting that signs of economic recovery in Europe are not promising, the minister said, the problems of crisis-hit sectors like textiles, leather and gems and jewellery will be addressed in the budget.
The government seems to get the budget passed by July 31, the date when the vote on account approved by Parliament allowing government to withdraw money from the Consolidated Fund of India expires.
In case the budget is not approved before July 31, the government will have to seek another vote on account. The focus of the government policies and reforms, Mukherjee said, will be ''Aam Admi'' as has been mentioned in the Congress manifesto.
He said that the manifesto proposed to increase the minimum wages under the NREGA scheme to Rs 100 per day. Similarly, he also added that the issue of providing food security would get top priority.
The minister further said that this budget would address the issues and the concerns about the economy raised by him in the interim budget, especially with regard to the sectors which are hit badly by the global financial crisis.
Noting that signs of economic recovery in Europe are not promising, the minister said, the problems of crisis-hit sectors like textiles, leather and gems and jewellery will be addressed in the budget.
The government seems to get the budget passed by July 31, the date when the vote on account approved by Parliament allowing government to withdraw money from the Consolidated Fund of India expires.
In case the budget is not approved before July 31, the government will have to seek another vote on account. The focus of the government policies and reforms, Mukherjee said, will be ''Aam Admi'' as has been mentioned in the Congress manifesto.
He said that the manifesto proposed to increase the minimum wages under the NREGA scheme to Rs 100 per day. Similarly, he also added that the issue of providing food security would get top priority.
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