The budget session of Parliament starts today. President Ram Nath Kovind while addressing the Joint House said that India will not stop despite the challenges. Meanwhile, around 18 parties of the opposition have announced that she will boycott the President’s Joint House Address.
Before the budget session of Parliament started, PM Narendra Modi said that all the MPs will together make the budget session more productive. He said that in 2020 the government presented a 4-5 mini-budget. PM Modi said that this session is very important for India’s bright decade.
The Economic Survey 2020-21 (Economic Survey 2020-21) will present Finance Nirmala Sitharaman on Friday, 29 January 2021 in the Parliament. These economic surveys will be presented 2 days before the budget is presented. Generally, economic surveys are presented on the opening day of the budget session. This survey shows year-round economic development during the financial year. In this survey, things like money supply, infrastructure, agriculture and industrial production, employment, import, export are mentioned. Apart from this, the government keeps an eye on economy-related issues. This year, the focus is on the damage caused to the Indian economy due to Coronavirus.
Economic survey is going to be presented in Parliament today. In easy language, the economic survey is an accounting of the current financial year. For example, the budget which is going to be presented by Finance Minister Nirmala Sitharaman on February 1 this year will be for the upcoming financial year 2021-22, but the economic survey that will be presented on Friday is for the current year 2020-21. . It will have an account of the full-year economic development. The country’s economic survey was first presented in 1950-51. Since 1964, the Finance Ministry has been issuing surveys a day before the budget.
President will address both houses
The budget session starts today. First President Ram Nath Kovind will address the joint sitting of the two houses. After this, the budget will be presented on 1 February.
Economic survey is usually presented one day before the budget. But this time, two days before the budget, the Economic Survey for the financial year 2020-21 (Economic Survey) will be presented in Parliament tomorrow. The Economic Survey prepared under the guidance of Chief Economic Advisor Krishnamurthy Subramanian is released.
The Economic Survey is one of the most important documents of the Finance Ministry. This survey is prepared under the guidelines of the Chief Economic Advisor -CEA of the Central Government. All aspects of the economy are mentioned in this survey. If you want to see the whole picture of the Indian economy, then you can find a lot in the economic survey.
Chief Economic Advisor will hold a press conference at 2:30 pm in New Delhi after presenting the Economic Survey after Finance Minister Nirmala Sitharaman.