Parliamentary Budget Session is anticipated to commence on January 28. Two parts will make up the session. Following the tradition of recent years, the Union Budget is most likely to be introduced on February 1. Although the Cabinet Committee on Parliamentary Affairs, chaired by Union Minister Rajnath Singh, has not yet made a final decision.
Initially, the Union Budget was declared on the last working day of February. This scenario was changed in 2017 when the presentation date was shifted to February 1. This year, February 1 will be a Sunday. As stock markets and financial institutions do not operate on Sundays, this has led to speculation about the budget date being changed. Nevertheless, sources maintain that the government intends to stick to its schedule and present the budget on February 1.
The first part of the Budget Session is anticipated to start on January 28. On this day, the President would deliver an address to both Houses of Parliament sitting together. The Economic Survey will be probably handed over to Parliament on January 29. January 30 and 31 will likely be non-working days.
The second part of the Budget Session is anticipated to be from March 9 to April 2.
Finance Minister Nirmala Sitharaman is likely to be the one presenting the Union Budget for the ninth consecutive time. The record for the most number of budget presentations is held by Morarji Desai, who presented the budget ten times during his two terms.
