who present the central budget in lok sabha
the Finance Minister of India
title: Budget Day text: who changed the ritual by announcing the 2001 Union Budget at 11 am. Until the year 2016, the Union Budget was presented in the Lok Sabha on the last working day of February. It was Mr. Arun Jaitley, the Minister of Finance in the BJP led NDA Government under the Prime Ministership of Mr. Narendra Modi, who changed the date of the Annual Budget of 2017 to the first working day of February. Additionally, the Railway Budget was also merged with the General Budget after 92 years in 2017. In Hong Kong the Financial Secretary introduces the appropriations bill for title: Lok Sabha text: by a private member. In the former case it is known as Government Bill and in the latter case it is known as a Private Members' Bill. Every Bill passes through three stages—called three readings—before it is passed. To become law it must be passed by both the Houses of Parliament, Lok Sabha and Rajya Sabha, and then assented to by the president. The presentation, discussion of, and voting on the annual General and Railways budgets—followed by the passing of the Appropriations Bill and the Finance Bill—is a long, drawn-out process that takes up a major part of the time title: Ministry of Finance (India) text: Affairs, Ministry of Finance, was an inter-ministerial body, responsible for processing of FDI proposals and making recommendations for Government approval. FIPB is now abolished as announced by Finance Minister Arun Jaitley during 2017-2018 budget speech in Lok Sabha. Subhash Chandra Garg is the current secretary of this Department. The Department of Expenditure is the nodal Department for overseeing the public financial management system (PFMS) in the Central Government and matters connected with the finances. The principal activities of the Department include pre-sanction appraisal of major schemes/projects (both Plan and non-Plan expenditure), handling the bulk of the Central budgetary resources transferred title: Lok Sabha text: the house has 545 seats which is made up by election of up to 543 elected members and at a maximum, 2 nominated members of the Anglo-Indian Community by the President of India. A total of 131 seats (24.03%) are reserved for representatives of Scheduled Castes (84) and Scheduled Tribes (47). The quorum for the House is 10% of the total membership. The Lok Sabha, unless sooner dissolved, continues to operate for five years from the date appointed for its first meeting. However, while a proclamation of emergency is in operation, this period may be extended by Parliament by law. title: Standing Committee on Finance text: disrupted. With a representation of members from across political parties, these committees also act as a consensus-building platform. After the general discussion on the budget in the House is over, the Lok Sabha is adjourned for a fixed period. The Committee considers the Demands for Grants (DFGs) of the concerned ministries or departments under its jurisdiction during the aforesaid period and presents reports on them to the House. There is a separate report on the DFGs of each ministry or department. The committee considers only such bills introduced in either of the houses as are referred to it by the