New Delhi: A day before the Union Budget 2017 is to be presented in the Parliament, President Pranab Mukherjee will address both the Houses of Parliament at 11 am in the Central Hall of the Parliament House. President Pranab Mukherjee’s address will mark the commencement of the Budget Session 2017. The Economic Survey of India will also be tabled future in the day. Union Finance Minister Arun Jaitley will present the Budget 2017 on February 1.
In a first, PM Narendra Modi led government will present the Budget for 2017-18 on February 1 in its place of the regular date of February 28. Also, there will be no distinct railway budget for the next financial as the government has decided to merge it with the general budget. Apart from the presentation of the general budget, 34 bills will be taken up for passing and concern during the entire session. These include 3 ordinances which will be replaced through bills. The ordinances relate to Enemy Property, Payment of Wages and Specified Bank Notes.
The Cabinet Committee on Parliamentary Affairs had recommended that the Budget session should commence on January 31 and the Union Budget be presented the next day so that the new financial provisions come into force from April 1, the beginning of the new fiscal year.
Ahead of the Budget Session, the government and Lok Sabha speaker Sumitra Mahajan on Monday held all party meeting. After the meet, Sumitra Mahajan stated that 19 hours have been allocated for discussions in the Parliament where the 1st day of the House will be addressed by President Pranab Mukherjee. Leaders of the opposition parties, apart from Mamata Banerjee’s Trinamool Congress (TMC), demanded a discussion on demonetization in the Budget session.
During the all-party meeting, one called by the government and the second called by Lok Sabha Speaker, PM Narendra Modi wished parliamentarians to uphold democracy and ensure smooth functioning of Parliament in spite of differences over certain issues. Opposition leaders in the meantime stated they aired their objections to the budget date, before the start of assembly elections in 5 states on February 4, in the all-party meeting, adding that they wanted to debate demonetization topic in the session.
Congress leader Jyotiraditya Scindia stated the decision to progress the budget was against democratic practices. Communist Party of India-Marxist leader Sitaram Yechury stated the decision to have an early budget will have significances. The Trinamool in the meantime hardened its stance, announcing that its members will not attend Parliament on the first 2 days of Parliament session