Budget Session 2018: President Kovind to Address Joint Sitting of The Two Houses, Arun Jaitley to Table Economic Survey 2017-18
The Economic Survey, that will be tabled today in the Parliament is an annual document of the Ministry of Finance which reviews the developments in the Indian economy over the previous 12 months.
New Delhi, January 29: President Ram Nath Kovind on Monday will address a joint sitting of the Lok Sabha and Rajya Sabha to mark the beginning of the Budget Session of the Parliament. Union Finance Minister Arun Jaitley will table the Economic Survey of India in both houses of Parliament later in the day. The Economic Survey is the Finance Ministry’s view on the annual economic development of the nation. Jaitley will present the Union Budget 2018 for the fiscal year 2018-19 on February 1. This will be the first Budget in the post- GST (Goods and Services Tax) era and the last full budget from Jaitley before the general election in 2019.
The Economic Survey, that will be tabled today in the Parliament is an annual document of the Ministry of Finance which reviews the developments in the Indian economy over the previous 12 months, summarises the performance on major development programs, and highlights the policy initiatives of the government and the prospects of the economy in the short to medium term. The Survey is expected to throw some light on the rural economy and agriculture, indicating the government’s push for rural development and agriculture sector ahead of 2019 general elections. Chief Economic Adviser Arvind Subramanian announced a webpage dedicated to the economic survey.
The important bills that will be tabled for discussion and passage include the Muslim Women’s (Protection of Rights on Marriage) Bill, 2017 related to triple talaq, the Codes of Wages Bill, 2017, Rights of Children to Free and Compulsory Education, 2017.
The Budget session of the Parliament will be conducted from January 29 to April 6, with the first phase to be held from January 29 to February 9 and the second phase from March 5 to April 6. As per reports, 28 bills have been listed for the Lok Sabha, while 39 bills are listed for the Rajya Sabha in Budget session. The Transgender Persons (Protection of Rights) Bill, 2016 and the Surrogacy (Regulation) Bill, 2016, will be discussed in Lok Sabha while the Triple Talaq bill will be taken up for discussion and passage in Rajya Sabha.
(The above story first appeared on LatestLY on Jan 29, 2018 09:15 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).