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The government is planning to unveil the Budget for 2017-18 on February 1 instead of the general practice of presenting it on the last working day of February.
Sitharaman said that the broad idea of presenting the Budget early is that "you will gain complete one month before its implementation starts from April 1".
"...The departments which have to spend the money do not get the money in the hand (on time) and as a result of which everything gets pushed by 2-3 months...So actually, you lose out 2-3 important months in a financial year," she told PTI.
"Therefore, this step has a definite objective of getting it well on time. Now from April 1 itself, every department (will have) its money and the intention is not to go park the money in a concerned area and keep waiting to act, it should be steady flow of work get done and then move forward," the Minister said.