New Delhi: Finance Minister Pranab Mukherjee will present the Union Budget on July 3 while Railway Minister Mamata Banerjee will present the Rail Budget on July 1. The Economic Survey is said to be held on July 2.
Mukherjee had earlier stated in an exclusive interview to CNBC-TV18 that the Budget would be presented in the first week of July.
The Union Budget '09 attains significant importance in the wake of the global financial crisis. Despite the country being relatively unharmed compared to the West, the United Progressive Alliance government — back at the Centre after the recent General Elections — will have many tasks on its to-do list, which includes boosting growth and demand, continuing to maintain liquidity, balancing inflation and also containing the country's worrying fiscal situation.
The Government has made its intention clear to push for reforms and pursue the disinvestment agenda, which was met with stiff opposition in the UPA’s previous stint when the Left parties were members for a major part of the five-year tenure.
Reacting to the Budget dates, Technical Analyst Rajat Bose said, if the Finance Minister lives up to what the stock market is expecting, the markets may give a thumbs-up similar to what was seen on May 18, the first trading day after the poll verdict. The Sensex rose to 2,100 points and hit double upper circuits leading to a trading halt, on what is now called the Golden Monday.
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