Ahead of taking charge, Finance Minister Pranab Mukherjee is understood to have held an informal meeting with the senior officials in the ministry and discussed issues relating to preparation of the Union Budget.

Finance Secretary Ashok Chawla and Chief Economic Advisor Arvind Virmani met Mukherjee at his residence on Sunday. Mr. Mukherjee is likely to take over the charge on Monday.

According to official sources, Mr. Mukherjee has convened a meeting of senior Finance Ministry officials on Mondayimmediately after assuming office.

On Saturday, after the first meeting of the new Cabinet, Mr. Mukherjee had expressed hope that the government would be able to present the Union Budget for the year 2009-10 in due time to avoid uncertainties.

Commenting on the economic scenario, he had said, "Indian economy is resilient, strong and we shall have to build up and come back to the growth track as early as possible. We will be able to, I hope, present the budget in due time so that uncertainties can be avoided and time of spending can be renewed."

Mr. Mukherjee, who was given additional charge as Finance Minister earlier this year in the previous UPA government, had presented an interim budget in February and had sought approval from the Parliament for withdrawal of money from the consolidated fund only till July 31.