Budget Session of Indian Parliament Begins with President's Address

NEW DELHI: The Budget Session of the Indian Parliament began today with President Droupadi Murmu addressing both Houses. After her speech, Union Finance Minister Nirmala Sitharaman will present the Economic Survey for 2024-25, which will provide a detailed analysis of the country’s economic performance.

Key Developments in the Budget Session:

1. President’s Address Starts the Session: The session began with President Murmu delivering her usual speech to the members of both the Lok Sabha and Rajya Sabha.

2. Economic Survey Presentation: Finance Minister Sitharaman will present the Economic Survey, drafted under the leadership of Chief Economic Adviser V Anantha Nageswaran. This report assesses the economy's performance during the current fiscal year and highlights key challenges and policy recommendations for future growth.

3. Legislative Agenda: The government has planned to discuss 16 important bills, including the Waqf (Amendment) Bill, Banking Laws (Amendment) Bill, Railways (Amendment) Bill, and Disaster Management (Amendment) Bill.

4. First Full Budget of Modi 3.0 Government: On February 3, Finance Minister Sitharaman will present the first full Budget under the Modi 3.0 government. Speculation is rife regarding possible changes to income tax slabs.

5. First Part of the Session to End on February 13: The first part of the Budget Session will end on February 13. After that, lawmakers will take a break to review the proposed Budget.

6. Session to Reconvene in March: The session will resume on March 10 and run until April 4, with 27 sittings scheduled during this period.

7. Debate on Motion of Thanks: The Lok Sabha has allocated two days (February 3-4) for debating the Motion of Thanks to the President’s address, while the Rajya Sabha has set aside three days for the same discussion.

ALSO READ: Mega Mister North East 2024 Concludes: Top Winners and Highlights

ALSO WATCH: