Cabinet to take up early Budget presentation, merger today

The Union Cabinet, headed by Prime Minister Narendra Modi, might take up the matter of advancing the date of Budget presentation and merging the rail and Union Budgets. Once approved, it will set in motion the process of the biggest overhaul in the budgeting process in 15 years.

A Cabinet note details the above proposals as well as elimination of Plan and non-Plan classifications of expenditure and shifting to outcome-based budgeting from input-based budgeting. It is likely to be placed for the Cabinet’s approval on Wednesday.
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