Pranab to present Union Budget on March 16

Union Budget 2012-13 will be presented on March 16 in the Lok Sabha, budget will be unveiled by Finance Minister Pranab Mukherjee.

"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 would be on March 12. Rail budget on March 14 and Union Budget on March 16," Parliamentary Affairs Minister Pawan Kumar Bansal said.

He further added that the second part of the budget session will be held from April 24 to May 22.

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 union budget has been delayed due to elections in five states, usually budget commences on third week of February, will start on March 12.

This will be difficult task for Mukherjee, which will be his fifth budget in a row, as he will have to handle the concerns over falling growth, rising subsidy bill and volatile stock markets.

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