hello sir/mam
if finance minister did not pass the budget what happen?
hello sir/mam
if finance minister did not pass the budget what happen?
Related UPSC Questions:
- How to understand the 'Financial budget' of this year which is introduced by our hon. finance minister?
- What is the highest post in India?
- Important topics in Current Affairs for UPSC(Civil Services) exam?
- Can I write Civil Services after completing Post Graduation (MA Political Science)?
- Which subjects can I select for Civil Service Exam after completing Engineering course in Electronics stream?
- How good is mechanical engineering subject as an optional subject for UPSC Mains exam?
- Detailed information about Indian P&T Accounts and Finance Service through UPSC exam?
- Can I apply for UPSC exam if someone file a case against me (of fighting) in police station?
- Which group will be easy to study IPS in HSC as well as in Graduation?
- Am I eligible to appear in UPSC exams in 2013 if completed B.Com (48.5%) + PGDM in finance (66%)?
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.
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.
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.
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
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
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.