The Union Budget, delayed because of elections in five states, will now be presented on March 16, four days after Parliament will begin its Budget session. The budget session, which normally commences in the third week of February, will start on March 12 with President Pratibha Patil addressing the joint sitting of members of both the Houses of Parliament.

While the Railway Budget will be presented on March 14, the Economic Survey outlining government’s assessment of the economy will be tabled on March 15.

“We will be recommending to the president that budget session may be summoned on March 12 and continue up to March 30. Address by the President will be on March 12. Railway Budget on March 14 and Union Budget on March 16,” Parliamentary Affairs Minister Pawan Kumar Bansal told reporters.

A decision on this was taken at today’s meeting of the Cabinet Committee on Parliamentary Affairs (CCPA) headed by Finance Minister Pranab Mukherjee.The second part of the budget session, after a three-week recess during which Parliamentary Standing Committees deliberate on proposals of different ministries, will be held from April 24 to May 22.

Budget Session schedules 2012

Budget session will be from 12 Mar to 30 Mar 2012
Rail budget on 14 Mar 2012
Economic survey on 15 Mar 2012
Budget on 16 Mar 2012

The budget session has been delayed this time due to the ongoing Assembly elections in five states, including Uttar Pradesh. Election results will be announced on March 6.

For Mukherjee, who will be presenting his fifth budget in a row (including one interim budget in 2009), a tough task is at hand as he will have to address concerns over falling growth rate, rising subsidy bill and volatile stock markets.

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