Date set for budget session
Finance minister Nirmala Sitharaman will present her second full budget on February 1 amid indications of the economy expanding at 5 per cent in 2019-20, the lowest in over a decade.
This will be the first time after 2015-16 when the budget will be presented on a Saturday. The Narendra Modi government, in its first term, decided to bring forward the date of the budget from the last working day of February to the first working day. Accordingly, the Union Budget for 2017-18 was presented on February 1.
A day before the budget is presented, that is on January 31, the government will table the Economic Survey, an analytical report indicating the health of the economy.
Sources said the Cabinet Committee on Parliamentary Affairs has recommended that the budget session be convened in two phases.
The first phase will be from January 31 to February 11, while the second session is expected to be from March 2 to April 3.
There is usually a month-long break between the two phases of the budget session to allow parliamentary committees to examine the budgetary allocations made to various ministries.