InvestorQ : Has the government released dates for the Budget Session of Parliament and when is the budget announcement expectd?
vaishnavi mhatre made post

Has the government released dates for the Budget Session of Parliament and when is the budget announcement expectd?

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Sam Eswaran answered.
1 month ago
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While the official announcement from the Finance Ministry is yet to be made, early reports suggest that the Union Budget will be announced on the scheduled date of 01-Feb, as has been the case in the last few years. To facilitate the discussion and the approval of the Union Budget 2021, the Parliament Budget session would begin on 29-Jan.

The Parliament Budget session will be divided into two parts. The first part of the session will commence on 29-Jan and extend all the way to 15-Feb. After this there will be a recess of nearly 3 weeks. The second part will of the Budget session will commence on 08-Mar and the second session will extent all the way to 08-Apr for approval of the budget.

The finance minister, Nirmala Sitharaman, and her team have already commenced the initial process of meeting up with and talking to trade and industry bodies. It is also eliciting views of industrialists and financial market experts on the the Budget. The Finance Minister has promised a “never-before” big-bang budget this year. Major organizations like the CII, FICCI, ASSOCHAM, AMFI and ANMI have already submitted their budget wish list to the FM.

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