Centre To Hold All-Party Meeting Today Ahead Of Budget Session

The Centre has called for an all-party meeting ahead of the Budget session beginning on Tuesday. The government will present its last full Budget on February 1.

An all party meet has been convened today ahead on the budget session ( Image Source :ANI )

New Delhi: The Central government has convened an all-party meeting on Monday ahead of the Budget session of the Parliament scheduled to begin on Tuesday, January 31st. The meeting will be held in the Parliament House Complex, reported news agency ANI.

The customary meeting, called by Parliamentary Affairs Minister Pralhad Joshi, is to be held at noon on January 30 in Parliament Annexe Building, reported PTI. 

The government is likely to seek cooperation from all parties for the smooth conduct of the Parliament session while the opposition parties are expected to raise their concerns during the meeting.

According to PTI, in the afternoon, a meeting of NDA floor leaders will also be held to strategise floor cooperation.

The Modi government is all set to present its last full-fledged Budget before the 2024 Lok Sabha polls on February 1. The Budget Session will be held in two parts.

First Part Of Budget Session

President Droupadi Murmu will address both houses in a joint session in the Central Hall on January 31. On the second day of the Session i.e. February 1, Finance Minister Nirmala Sitharaman will present the last Union Budget of the Narendra Modi-led 2.0 government in Lok Sabha. The Budget will be tabled later in Rajya Sabha.

The Parliament will skip Zero and Question Hour during the first two days of the Budget Session.

"Members of Parliament are informed that owing to the address of the President to both Houses assembled together on January 31 and the presentation of the Union Budget on February 1, there will be no 'Zero Hour' on both days," news agency ANI reported citing a bulletin.

The bulletin also informed members that issues of 'urgent public importance' raised during Zero Hour will be taken up from February 2.

“From February 2, both Houses will have a discussion on the "Motion of Thanks to the President Address" after which Prime Minister Narendra Modi will reply in both Lok Sabha and Rajya Sabha, it added.

This part of the Budget Session will continue to function till February 13.

Second Part Of Budget Session

The second part of the Budget Session will resume after a recess on March 13 before ending on April 6.  This part of the Parliament session will focus on the Demand for Grants for various ministries and the passing of the Union Budget. Other legislative businesses will also be taken up by the government during this period.

Expectations are high from the last full Budget of the Modi government as the rising cost of living and worsening job market have impacted much of the middle class.

It is anticipated that FM Sitharaman could reduce income tax rates and offer updated slabs, according to the news agency Reuters. With the exception of the recent implementation of a concessional income tax scheme, the tax slabs have not changed since the Budget 2016–17.