On Friday, the budget session of this year began as the President addressed the nation that is going to be followed by the economic survey’s presentation. The finance minister, Nirmala Sitharaman, is going to present the Union Budget on 1st February.
Both the houses of Parliament are going to debate on the motion of thanks to the address of the President after the presentation of the budget. The session is going to be held in two parts as the first one will take place between 29th January to 15th February and the second session will start from 8th March and continue till 8th April. There will be a total of 33 sittings in the session.
The Parliament will be convened after almost six months as the winter session was not held because of the Covid pandemic.
The media was briefly addressed by the Prime Minister ahead of the budget session outside the parliament. The PM has said that the first session of this decade has commenced today and this is an important decade for a bright future of India. Furthermore, he said that this is a golden opportunity for the nation as they can fulfill the dreams that are visualized by the freedom fighters.
This is the commencement of the budget session. This is the first time in the history of India, the finance minister has presented 4 to 5 mini budgets in the previous year 2020 and it came in the form of different packages. The PM added that this budget is seen as part of those 4 to 5 mini budgets.
He also urged on the fact that this decade has to be fully utilized and there should be discussions in the session keeping this in mind and focus should be on the decade and this is very much expected by the nation. The PM also said that he believes one must not lag in the contribution made for the fulfillment of the aspiration of the people.
On Friday, Ram Nath Kovind, the President is going to address the parliament and he will open the budget session that has been a long-standing tradition that has been existing since the very first amendment to the constitution in 1951.
The address by the President is one of the most solemn occasions in the calendar of the parliament and this happens to be the only occasion in the year when the President, Lok Sabha and Rajya Sabha, that is the entire parliament come together.
After the presidential address, the economic survey for the year will be presented by the government in the house.
The survey is going to be a detailed report regarding the performances of the state economy in the past year. The survey is more of a prequel to the Union Budget as the performances of the country are provided in detail and also about the forecast of economic growth in the next year.