The Budget Session of Parliament began today with President Droupadi Murmu addressing a joint session of both houses. She will be followed by Finance Minister Nirmala Sitharaman, who will deliver the Economic Survey 2024-25 to both the Lok Sabha and Rajya Sabha.
Address of President Murmu Marks the Beginning
President Murmu opened the session with her address, giving over the government’s instructions for the day in terms of legislative and economic priorities. She emphasized growth-oriented policies and “reforms to reimagine”.
Economic Survey to Outline Growth Prospects
Finance Minister Nirmala Sitharaman will submit the Economic Survey 2024-25, an official report on the country’s economic performance. The evaluation, published by Chief Economic Adviser V Anantha Nageswaran and his team, emphasizes economic difficulties and offers a strategy for
Important Bills:
The government has placed 16 Bills for this session. These include the Waqf (Amendment) Bill. The other key legislative proposals include:
Banking Laws (Amendment) Bill
Railways (Amendment) Bill
Disaster Management (Amendment) Bill
Oilfields (Regulation and Development) Amendment Bill
Protection of Interests in Aircraft Objects Bill
Immigration and Foreigners Bill
Budget 2024 to Be Presented on Saturday
On Saturday, Nirmala Sitharaman will present the first full Budget of the Modi 3.0 government. Speculations are high regarding changes in income tax slabs and other financial reforms.
The session will be divided into two parts. The first session would end on 13th February, when the Parliament will recess to examine Budget proposals. The second session is scheduled to resume on March 10 and sit till April 4 with an estimated 27 sittings in total.
Motion of Thanks for President’s Address
The Lok Sabha will discuss the Motion of Thanks to the President’s address for two days, which are February 3 and 4, while the Rajya Sabha will discuss the motion over three days.
Budget Session 2025 is important as it has outlined the legislative and economic course for the next year. Budget Session 2025 holds the most important reforms and financial policies, which are awaiting a decision in the budget session 2025.