Get latest articles and stories on India at LatestLY. The budget session is the first session of Parliament in a calendar year and begins with an address by the President to the joint sitting of the two Houses of Parliament.
New Delhi [India], January 7 (ANI): The Cabinet Committee on Political Affairs (CCPA) has agreed to propose January 28 as the date for the start of the budget session of Parliament and February 1 as the date for the presentation of the Union Budget, sources said on Wednesday, noting that a final decision on dates is yet to be taken.
The budget session is the first session of Parliament in a calendar year and begins with an address by the President to the joint sitting of the two Houses of Parliament.
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The Union Budget has been presented on February 1 for several years. This year, February 1 is a Sunday, and there is a strong likelihood that the government will not change the date of the Union Budget presentation, as a mark of predictability in financial processes.
The budget session of Parliament is usually divided into two parts with a break in between to allow the standing committees to examine the demands for grants of various ministries.
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Sources said the CCPA discussed two dates for the start of the budget session – January 28 and January 31, and a final decision is expected soon.
On February 1, 2017, when India’s budget for the new financial year was presented, the budget presentation was brought forward by a calendar month and the expenditure cycle by two months. The move had a larger objective of reforming fiscal governance.
Like the winter session of Parliament, the budget session is also likely to see a slew of legislation being introduced or taken up for discussion. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia’s leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)
