The Budget Session of Indian Parliament will begin from 23rd of this month. The center is expected to put up the Railway budget on 26th of this month. Finance Minister Arun Jaitley will present the Financial Survey on 27th and the budget will be tabled on 28th of this month.
This budget is the first full fledged budget of the NDA government after winning 2014 elections. The budget will assume significance after the finance minister announced that the government is keen to cut down the burden of several subsidies which are taking heavy toll on the country’s economy.
On the other side, Andhra Pradesh has pinned high hopes on this budget as the state hopes the center to make key announcements on helping the deficit budget state with special status, special packages and other tax incentives as promised in Andhra Pradesh Reorganization Act. Telangana even though not much hopeful will also be eager to see if it can get some benefits.
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