1. #1
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    What will happen if finance minister doesn't pass the budget?

    hello sir/mam
    if finance minister did not pass the budget what happen?

  2. #2
    homikohli Array
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    Re: What will happen if finance minister doesn't pass the budget?

    The Union Budget of India, referred to as the annual Financial Statement.
    The annual budget of the Republic of India, presented each year on the last working day of February by the Finance Minister of India in Parliament.

    It is right to people of India that What step the Govt. should have to take to grow GDP of India. Also the Budget is directly connected with common people of India for what good or bad facility or relaxation in price of all necessary things and about economy of India.

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    jitenhrt Array
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    Re: What will happen if finance minister doesn't pass the budget?

    first of all finance minister only RECOMMENDS & prepare the budget , passing the budget is in the hands of the lok shaba assemly members after considering different analysis of whole the budget, by recommending any amendment if they want or agreed by the finance minister then it will be signed by president for the final allotment.

    if anyhow it will not passed then there is no proper management of allocation of resources, countries different schemes for the people's welfare will stop, crisis occurs , likely a situation of mismanagement, looting, hunger, progress hampering may occur.

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    Mohit Bansal Array
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    Re: What will happen if finance minister doesn't pass the budget?

    dear friend,

    budget decide the direction of economy. if budget is not passed then there is no proper direction of economy and it leads to misuse or unwanted allocation of resources, there would be no proper scheme for welfare of human, corruption in administration. and growth in economy is stopped.

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    kvnmit Array
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    Re: What will happen if finance minister doesn't pass the budget?

    The budget is a statement of estimated receipts and expenditure of the govt. The budget goes through following stages in the parliament
    1) presentation of budget
    2) General discussion
    3)Scrutiny by departmental committees
    4)voting on demands for grants
    5)Passing of appropriation bill
    6) passing of finance bill
    Its the duty of the finance minister to present the budget, it is a constitutional obligation for him.If he doesn't perform it, its the duty of the President to make him present. this is the beauty of our constitution, power is not vested with any single authority, there are lots of checks and balances.
    your questions should be framed as this, what happen if the budget is not passed in the parliament?
    In that case, if the budget is not passed implies that the govt. does not have majority in the loksabha and the prime minister along with the council of ministers have to resign and fresh elections will be conducted.
    for more details on procedure of passing a budget refer Indian polity book by Laksmikanth

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    Budhwarz Array
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    Re: What will happen if finance minister doesn't pass the budget?

    Hi Aspirant

    Well your Question is very much interesting and

    Something new that what will happen if our

    Current Finance Minister Will not pass the Union Budget

    Then the each Program and all type of activities will be changed

    The Effects If Finance Minister Will Not Make The Union Budget :

    -The First Effect and Negative effect will be on the Indian Economy

    -Well simple thing if we will not decide that how much money

    -We have to spend on the Industry and how much to Agriculture

    -Than how our economy will growth

    -Our Import Export System will fall completely


    -If We don't make a strategy for the Import Sector or export

    -Means Like That which product we have to produce for export

    -And for which product we have to give the Subcidy

    -The Most Worst Effect on the Planning Commission


    -after That if we don't have any system than

    -Their will be Inflation or may be deflation

    -Industries will be fall down if Government budget will not help

    -All in One Our Country or any country will face huge difficulty

    -Or almost the country becomes zero if they will not make a union budget

    -As according to the current Conditions


    Best of luck

  7. #7
    siyashah Array
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    Re: What will happen if finance minister doesn't pass the budget?

    If the finance minister does not pass the budget:
    1. the budget is referred to both houses of parliament
    2. PM may form another cabinet of new ministers.
    3. Finance ministers may have to resign.

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