The budget session of Parliament is probably going to be commended from 31st January to 13th February 2019 and an interim budget is anticipated to be given by the minister of finance Arun Jaitley on 1st February, press association reported quoting government sources.
Interim Budget Session from 31st January to 13th February
The Cabinet Committee on political affairs (CCPA) deliberated on the dates for the budget session at a meeting. it’s expected to be the last session of this Lok Sabha as general elections are due in April-May.
President Ram Nath Kovind is probably going to deal with the joint sitting of the 2 homes (Lok Sabha and Rajya Sabha) on 31st January and also the Economic Survey might also be tabled on an identical day.
The budget session that sometimes happens in 2 sections is probably going to be command during a single phase because of the polls.
An interim budget is a kind of just like a full-year budget because it also provides an outlook of a plan for a specific year. This budget is crucial for the govt because it offers one last chance to announce some popular measures prior to the elections, wherever Prime Minister Narendra Modi can obtain a second term.
As per observation, an interim budget needs approval for essential government disbursal for a restricted amount in an election year and a full-fledged budget given by the new government. whereas P Chidambaram had given the previous UPA government’s interim budget in February month 2014, Jaitley had given a full budget in July that year.