The Lok Sabha and the Rajya Sabha will have a total of 10 sessions and the Parliament Budget session will continue until February 13, 2019.
The Modi government will present the Interim Budget for the 2019-20 fiscal year on Friday, February 1. The Ministry of Finance declared official that the next budget will be the 'Provisional Budget 2019-20' on Thursday, January 30. In the absence of the finance minister, Arun Jaitley, who has gone to the US. UU To receive medical treatment, the Cabinet will present the provisional budget. Minister Piyush Goyal.
One day before the announcement of the Union Budget, Parliament began the "Budget Session" at 11 am, where PM Modi urged parliamentarians to work for the public. After the prime minister's speech, President Ramnath Kovind addressed the nation where he spoke about the surgical strike, the Triple Talaq Bill project and several other issues, in addition to the president also highlighted the achievements of the Modi government over the past five years.
Under Saubhagya Yojana, of the prime minister, more than 2 million people of 47 lakh have received electrical connections. "Now India is moving quickly towards the situation where every household will have electricity and no family will be forced to live in darkness," said President Kovind.
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Important dates: 'Budget session' in Parliament started today at 11 am. The budget session will continue until February 13, 2019, in which Lok Sabha and Rajya Sabha will have a total of 10 sessions and the question time will be held from February 4 to 8 and February 8 will take place I held a discussion on the private member's bill.
Times: On Budget Day, the Minister of Finance will deliver the speech around 11 am in Parliament.
Provisional Budget: Traditionally, a year in which general elections are scheduled, the outgoing government presents the Provisional Budget. The interim budget is similar to the regular budget since the central government presents a complete financial statement: its expenses, receipts and projections for the fiscal year.
The budget is prepared by the Ministry of Finance, department of economic affairs, after consulting all the other ministries. The last Interim Budget was presented on February 17,
The new incoming budget is followed by the incoming new government after the elections. On September 21, 2016, the Modi government put an end to the 92-year practice of submitting the Railway and Union Budget separately and approved the merger of both Budgets. Until 2016, the rail budget was presented a few days before the Union budget.Previously, until 1999, the Union Budget was announced at 5 pm on the last working day of February, however, former Finance Minister Yashwant Sinha changed this ritual by announcing the budget at 11 am. On January 21, the Minister of State for Financing jointly initiated the 'Halwa Ceremony' to mark the beginning of the printing of documents, officially in relation to the provisional budget of 2019.