India News | CCPA Proposes January 28 for Start of Parliament's Budget Session, Feb 1 for Union Budget; Final Decision Expected Soon

New Delhi [India], January 7 (ANI): The Cabinet Committee on Political Affairs (CCPA) has agreed to propose January 28 as the date for the start of the budget session of Parliament and February 1 as the date for the presentation of the Union Budget, sources said on Wednesday, noting that a final decision on dates is yet to be taken.

The budget session is the first session of Parliament in a calendar year and begins with an address by the President to the joint sitting of the two Houses of Parliament.

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The Union Budget has been presented on February 1 for several years. This year, February 1 is a Sunday, and there is a strong likelihood that the government will not change the date of the Union Budget presentation, as a mark of predictability in financial processes.

The budget session of Parliament is usually divided into two parts with a break in between to allow the standing committees to examine the demands for grants of various ministries.

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Sources said the CCPA discussed two dates for the start of the budget session - January 28 and January 31, and a final decision is expected soon.

On February 1, 2017, when India's budget for the new financial year was presented, the budget presentation was brought forward by a calendar month and the expenditure cycle by two months. The move had a larger objective of reforming fiscal governance.

Like the winter session of Parliament, the budget session is also likely to see a slew of legislation being introduced or taken up for discussion. (ANI)

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