A meeting of the floor leaders of various political parties in both Houses of Parliament will be convened on Tuesday by the Minister of Parliamentary Affairs, Pralhad Joshi, ahead of the Budget Session.
The Budget session of Parliament, the last session before the general elections expected in April, will begin on January 31 and is likely to continue till February 9.
The session will begin with President Droupadi Murmu’s address to the joint sitting of the two Houses of Parliament.
The interim budget typically addresses the fiscal requirements for the intervening period until a government is formed after the Lok Sabha polls.
Meanwhile, the Confederation of Indian Industries (CII) has issued a set of key recommendations ahead of the Budget presentation. These recommendations encompass meeting disinvestment targets and establishing a 3-year disinvestment schedule, incorporating petroleum, electricity, and real estate into the Goods and Services Tax (GST) with a focus on a 3-rate structure, increasing capital expenditure by 20% to Rs 12 lakh crores, and proposing the creation of a dedicated Ministry of Investment.
Union Finance Minister Nirmala Sitharaman will present the interim budget on February 1.