Budget for 2012-13 on March 16!

Finance Minister Pranab Mukherjee will unveil the Union Budget for 2012-13 on March 16 in the Lok Sabha.

The budget session will begin on March 12 with President Pratibha Patil addressing the joint sitting of members of both the Houses of Parliament.

While the rail budget will be presented on March 14, the Economic Survey 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 would be on March 12. Rail budget on March 14 and Union Budget on March 16," Parliamentary Affairs Minister Pawan Kumar Bansal said.

Bansal was talking to reporters after the meeting of the Cabinet Committee on Parliamentary Affairs (CCPA) headed by Mukherjee.

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

The budget session, which generally starts in the third week of February, has been delayed this time due to the ongoing Assembly elections in five states, including Uttar Pradesh.

The model code of conduct is in force till March 9 when the election process would be completed.(PTI)

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