New Delhi: The Budget Session of Parliament kicks off today, featuring a significant address by President Droupadi Murmu and the tabling of the Economic Survey 2024-25 by Union Finance Minister Nirmala Sitharaman in both the Lok Sabha and Rajya Sabha. This session will set the stage for the Union Budget and key legislative discussions.
Top Highlights of the Budget Session:
Presidential Address: President Droupadi Murmu will commence the session by addressing the joint sitting of both Houses, outlining the government’s vision and policy priorities.
Economic Survey Presentation: Finance Minister Nirmala Sitharaman will present the Economic Survey 2024-25, offering an official analysis of the country’s economic performance over the past year.
Assessment by Chief Economic Adviser: The survey, prepared by Chief Economic Adviser V Anantha Nageswaran and his team, will provide insights into economic trends, potential challenges, and strategies for growth.
Key Economic Insights: The document will serve as a roadmap for reforms, focusing on critical areas like GDP growth, inflation, fiscal policy, and employment generation.
Legislative Agenda: The government has proposed 16 Bills for discussion, including the Waqf (Amendment) Bill, Banking Laws (Amendment) Bill, Railways (Amendment) Bill, Disaster Management (Amendment) Bill, Oilfields (Regulation and Development) Amendment Bill, Protection of Interests in Aircraft Objects Bill, and the Immigration and Foreigners Bill.
Union Budget 2024-25: The much-anticipated first full Budget of Modi 3.0 government will be presented on February 3, with expectations of revisions in income tax slabs and new economic measures.
Session Timeline: The first phase of the session will continue until February 13, after which Parliament will take a recess to review Budget proposals.
Resumption in March: The session will reconvene on March 10 and will continue until April 4, comprising 27 sittings in total.
Debate on Presidential Address: Lok Sabha has allocated February 3-4 for discussions on the Motion of Thanks to the President’s address, while Rajya Sabha has set aside three days for the same.
Focus on Economic Growth & Policy Reforms: The session is expected to highlight the government’s strategies for economic growth, job creation, infrastructure development, and fiscal discipline.
With crucial policy announcements and legislative decisions on the agenda, this Budget Session is expected to shape India’s economic trajectory for the coming year.
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