Budget Session: Budget Session of Parliament from today, Economic Survey 2023 will be presented – Know 10 big things

The session will begin with a joint address to both houses by President Draupadi Murmu. After this, the Economic Survey 2023 will be released by Union Finance Minister Nirmala Sitharaman, a day before the Budget is presented.

Budget Session 2023: The budget session of Parliament is going to start from today (January 31). The budget session will begin at 11 am with the President’s address. Economic Survey 2023 will be presented in Parliament today. This session is expected to be turbulent. The opposition will try to raise many issues in the meantime. Issues of protest mainly include the Adani Group’s stock, a controversial BBC documentary on the 2002 Gujarat riots.

The session will begin with a joint address to both houses by President Draupadi Murmu. After this, the Economic Survey 2023 will be released by Union Finance Minister Nirmala Sitharaman, a day before the Budget is presented.

Highlights of the Budget Session and Economic Survey

1-The priority of the government during the session will be to get approval on the motion of thanks to the President’s address and Finance Bill. Meanwhile, the opposition will try to corner the Center on issues like the Adani-Hindenburg dispute, economic census and the women’s reservation bill.

2-On Tuesday (January 31) at 11 am, the Economic Survey (Economic Survey 2023) will be released after President Draupadi Murmu’s address.

3-Union Finance Minister Nirmala Sitharaman will present the last full Union Budget of the Narendra Modi government on February 1 before the 2024 Lok Sabha elections.

4-The government plans to introduce around 36 bills during the session, including four related to the budgetary exercise.

5-The session will have 27 sittings and will last till April 6 with a one-month break for scrutiny of budget papers. The first part of the session will end on February 14. Parliament will resume on March 12 for the second part of the budget session.

6-The government held an all-party meeting on Monday in which opposition parties raised their concerns. Opposition leaders raised issues like Adani stock, BBC documentary.

7-BRS has decided to boycott President Murmu’s traditional address.

8-Growth watchers pointed out that India will be the world’s fastest-growing major economy in the next fiscal year, with official growth estimates likely to be between 9 percent and 6.8 percent.

9-Chief Economic Adviser V Ananth Nageswaran will hold a press conference to give details of the economic survey when Sitharaman presents it in the House. An economic survey is a government review of how the economy has performed over the past year.

10-A 6.8 percent growth could also place India among the world’s fastest-growing economies, though slower than the estimated 7 percent pace in the fiscal year ended March 31.