Union Budget: President Murmu to address Parliament, Sitharaman to table Economic Survey on Jan 31

President Droupadi Murmu will on Friday address the joint sitting of both Houses of Parliament, marking the beginning of the Budget Session.

Following the President’s address, Finance Minister Nirmala Sitharaman will table the Economic Survey 2024-25, which provides an assessment of the economy's performance in the ongoing financial year and outlines key challenges and prospects.

The Budget Session, scheduled to run from January 31 to April 4, will be conducted in two phases. The first part will conclude on February 13, while the second phase will commence on March 10.

The document is expected to assess key economic issues such as GDP growth, inflation, rupee depreciation against the US dollar, and subdued consumption demand. It will also examine trends in agriculture, industry, infrastructure, employment, monetary policy, and external trade.

Economic Survey often propose innovative policy solutions for issues related to poverty alleviation, climate change, education, infrastructure, and financial sector reforms.

On Saturday, Sitharaman will present the first full Budget of the Modi 3.0 government amid expectations of adjustments in income tax slabs, higher infrastructure spending, and increased allocations for rural development and education.

The legislative agenda for the Budget Session includes 16 bills, including the Waqf (Amendment) Bill and the Immigration and Foreigners Bill.