Parliament Budget Session 2025: The first part of the Parliament’s Budget session is set to begin on January 31 and conclude on February 13, 2025.
New Delhi:
As India gears up for its economic roadmap for the upcoming fiscal year, the Parliament’s Budget session for 2025 is poised to begin on January 31, marking a pivotal period in the country’s financial planning. Union Finance Minister Nirmala Sitharaman is slated to present her eighth consecutive budget on February 1, 2025, a milestone that underscores her consistent leadership in shaping India’s economic policies.
The session will kick off with President Droupadi Murmu’s address to a joint sitting of the Lok Sabha and Rajya Sabha on January 31, setting the stage for a comprehensive discussion on the nation’s economic trajectory. In a notable departure from the usual trading schedule, the Indian stock market will remain open on February 1, despite it being a Saturday, to allow investors to react to the budget announcements in real-time.
The first part of the Parliament’s Budget session will run from January 31 to February 13, 2025. This period will be crucial as it lays the groundwork for the fiscal year 2025-26. Here are the key highlights:
• Union Budget Presentation: Union Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget on February 1, 2025, at 11 am. This presentation will be her eighth consecutive budget, a feat that cements her position as a stalwart in India’s financial leadership.
• President’s Address: The session will commence with President Droupadi Murmu’s address to a joint sitting of the Lok Sabha and Rajya Sabha on January 31. This address will be followed by the tabling of the economic survey, providing a detailed overview of the country’s economic performance.
• Parliamentary Debates: The first part of the session will include a debate on the Motion of Thanks on the president’s address, culminating in the prime minister’s reply in both houses of the Parliament. This debate is a critical component of the democratic process, allowing lawmakers to scrutinize and discuss the president’s address.
• Stock Market Operations: Despite February 1 being a Saturday, the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will conduct live trading sessions to accommodate the budget presentation. This ensures that market participants can react promptly to the budget announcements.
• Second Part of the Session: After a recess, the second part of the Parliament session will commence on March 10 and conclude on April 4, 2025. This phase will focus on discussing the demands for grants of various ministries and completing the budgetary process.
The budget presentation is a cornerstone of India’s economic planning, outlining key policies, budget allocations, and fiscal strategies for the upcoming year. As the country anticipates potential tax relief, reductions in GST rates, and other economic measures, the Budget session 2025 promises to be a significant event in India’s economic calendar.
