Budget on Feb 28


New Delhi: The Budget session of Parliament will begin on February 23 and the Narendra Modi government will present its first full year Budget on Saturday, February 28.

The Budget session is held in two parts – Parliament will close for a recess on March 20 and will re-convene on April 20. The session will end on May 8.

The Rail Budget will be presented on February 26 and the Economic Survey on the next day.

The recess period of the session is utilised by Parliamentary committees to examine the budget proposals of the various ministries.

The session will begin with the address of Pranab Mukherjee to the joint sitting of the two Houses. The Motion of Thanks to the President’s address will be debated on February 24 and 25. If the Motion is not passed in the two days, it will be taken up later.

The Cabinet committee on Political Affairs met today to decide on dates for the session, which is crucial for the BJP government. It is lining up several key legislation to push and its Budget, a keenly awaited roadmap of reforms, is expected to lay the foundation of Prime Minister Narendra Modi’s ‘Make in India’ plans.

The government also needs to replace at least six ordinances or emergency executive orders that it has issued with bills to be approved by Parliament. These ordinances will lapse if they do not get Parliament’s nod.

The ordinances include those on coal, mines and minerals, e-rickshaws, amendment to Citizenship Act, Land Acquisition and the one on Foreign Direct Investment in insurance sector.