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The Union Budget is the Annual Financial Statement of India presented every
year on the last working day of February.
This time, however, the Union Budget will be presented on February 26, as
February 28th is a Sunday. Also, since the stock market is closed on Saturday
(Feb 27), the finance ministry decided that the Budget should be presented on a
day when the markets are open so as to gauge the reaction of the market
players. Thus, Budget will be presented on February 26 this year.
For the United Progressive Alliance-II this is the second Budget: the first
having been presented by Finance Minister Pranab Mukherjee on July 6, 2009,
soon after the Congress-led coalition was voted to power in the general
elections last year.
For the record, Railway Minister Mamata Banerjee will present the Rail Budget
on February 24, while the Economic Survey will be presented on February 25.
With people reposing faith in the UPA and voting for stability, this is the
government's chance to fulfill its promises, ensure growth and development of
the country, check runaway prices, and offer succour to the aam aadmi.
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