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The government is planning to advance budget presentation month from February to January in order to speed up its expenditure from the first month of the fiscal year(i.e, April). Fifteen years ago Union Budget was advanced by six hours from 5 p.m. on the last working day of February( Budget presentation timing was shifted from 5 P.M. to 11 A. M in 2001). As of now, though the Budget is tabled before the commencement of a new financial year in April, its provisions often do not become the law of the land till some time in May, when Parliament passes the Finance Bill. So whether it is a new social sector scheme, a highway project for which the Finance Minister has allocated funds, or simply the transfer of funds to States, there is little action till June.
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