Annual Budget 2018

Union Budget Date

In Our country, the budget is presented on a fixed date as decided by the President. This year The Union Budget 2018 will be presented on February 1, Parliamentary Affairs Minister Ananth Kumar announced on 5^th of January. The minister further stated that the budget session of the parliament will be conducted from January 29 to April 6, 2018.
The Phase 1 of the session will be held from January 29 to February 9 while the second phase will be from March 5 to April 6, as told by Mr. Kumar.

Union Budget 2018: Economic Facets and Taxation

The budget will be presented by the Finance Minister Mr. Arun Jaitley in the noon for the fiscal year 2018-19. President Ramnath Kovind will address both the houses of the Parliament on January 29, 2018. Last year also the budget presentation date was the same. The Union budget presentation is usually in two parts; Part A: Economic Survey, Part B: Taxation proposals. On January 29^th itself Economic survey will be presented before both the houses.

Union Budget 2018: Post GST And Demonetization

This year’s budget has significance as it is the first budget presented after the post GST and demonetization era. This budget is also the last budget to be presented to Prime Minister Modi Government. This will also be the last budget presentation by Mr. Jaitley before the general election in 2019.

Union Budget 2018: Agriculture Being Highest Priority

The general presentation of the budget and its outlines will be presented from January 29 to February 9, 2018. The Parliament will commence again from March 5^th to April 6^th to discuss taxation proposals. Both the sessions will have a recess in between for the standing committees to clear the budgetary proposals. Last year the government has scrapped the practice of separate railway budget. In an interview given by Mr.Jaitley the agricultural sector will receive the highest priority in the Union Budget this year.

All eyes are set on the Union budget for 2018-29, and what is in store for our country for this year. We will have to wait for the Union Budget sessions to commence and Mr. Jaitley to make budgetary announcements.