Finance Ministry to start pre-Budget, Revised Estimates meetings Oct 14


New Delhi, Oct 2 (IANS): The Finance Ministry will start pre-Budget and Revised Estimates meetings from October 14 to November's first week, an official notification of the ministry said on Wednesday.

"The pre-budget/RE meetings will begin on the 14th October 2019. All Financial Advisers should ensure that the necessary details related to these meetings are entered in the RE Module. This data shall be the basis for pre-Budget discussions," a Budget Circular (2020-21) of the Budget Division of the Department of Economic Affairs of the Ministry said.

Budget Estimates for 2020-21 will be provisionally finalised after Secretary, Expenditure, completes discussions with the Secretaries and Financial Advisers. Pre-Budget Meetings shall begin from October 14 and will continue till the first week of November, it said.

The upcoming Budget of next fiscal will have gender, and child budget statements as well.

Some of the new inclusions in the Circular relate to instructions regarding filling up of SCSP/TSP, Gender, Child Budget Statements etc. The format for Output-Outcome Monitoring Framework 2020-21 has also been revised, said the circular.

In calender year 2019-20, government had to present two budgets due to national elections -- an interim Budget in February and a general Budget on July 5 after formation of the government.

Ceilings for all categories of expenditure, including Central Sector and Centrally Sponsored schemes will be discussed. Accordingly, the RE 2019-20 and BE 2020-21 for all categories of expenditure, and select schemes/projects specifically included in the MTEF Statements, may be indicated separately for Revenue and Capital expenditure, the notification said.

  

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Comment on this article

  • Jossey Saldanha, Atlanta

    Wed, Oct 02 2019

    Nirmala Sitaraman is still updating 2019 Budget ...

    DisAgree Agree [2] Reply Report Abuse

  • SmR, Karkala

    Wed, Oct 02 2019

    Headed by Nirmala Sitharaman, the Finance Ministry, which is considered the second most important department in the Government of India after the PMO, is grappling with the infighting of babus.

    Over 30 officials face action in the fifth round of crackdown the inexperienced minister who doesn't know where to start.

    The employees of the state-run MTNL have not got their salaries for two months in a row and those employed with BSNL have not got their September salary.

    Salaries of both BSNL and MTNL are supposed to be credited on the last working day of the month. BSNL’s salary expenses are about ₹800 crores, as the firm employs 1,63,902 personnel, of which, 46,597 are executives and 1,17,305 non-executives. MTNL has about 22,000 employees and the salary expenses come up to Rs 160 crore.

    On the other hand, using more than 21,000 fake accounts to inflate the financial position of the bank; hiding the loans it made, the PMC Bank crisis runs deeper in frauds than the RBI assumed.

    Maruti sales down by 31.5% in September. The company’s total year-to-date sales (April-September) also fell by 24 percent to 740,911 units as against 975,327 units in the same period last year.

    That the banks are averse to giving huge corporate loans can be understood from the fact that the non-performing assets (NPAs), or the bad loans, amounted to ₹10.3 trillion (11.2% of advances) in March 2018.

    GST collection falls to Rs 91,916 crore in September, lowest since February 2018 despite RBI 1.76 lakh crores to offset the budget deficit.

    While Amit Shah engages the entire nation with NRC for ethnic cleansing, PM Modi is busy in the 'Howdy Economy' to bring back Trump Sarkar, party is busy preparing for assembly elections.

    The government’s inability to take criticism is a ‘sure-fire recipe for policy errors,’. Is Modi's India heading for like Greece economical fall or Zimbabwe currency?

    Is UCO, IDBI, LIC will be the next to be closed along with the MTNL, BSNL and Air India?

    Jai Hind

    DisAgree Agree [2] Reply Report Abuse


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Title: Finance Ministry to start pre-Budget, Revised Estimates meetings Oct 14



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