Ahead of budget session, govt convenes all-party meeting on Tuesday
Minister of Parliamentary Affairs, Pralhad Joshi is set to convene a meeting of the floor leaders of various political parties in both Houses of Parliament ahead of the Budget Session.
Before each parliamentary session, it is a standard procedure for leaders of various political parties to outline the issues they intend to raise, and the government provides them with a preview of its agenda while seeking their cooperation.
It will be a short session this time, between January 31 and February 9, with Finance Minister Nirmala Sitharaman set to table the interim budget ahead of the Lok Sabha polls. The new government will present the full-fledged budget.
The session will begin with President Droupadi Murmu's address to the joint sitting of the two Houses of Parliament.
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The interim budget typically takes care of the fiscal needs of the intervening period till a government is formed after the Lok Sabha polls.
Meanwhile the Confederation of Indian Industries (CII) issued a series of key recommendation ahead of the Budget presentation. They include Meeting disinvestment targets and setting out a 3-year schedule for disinvestment; Subsuming petroleum, electricity & real estate in GST and aiming at a 3-rate structure; Raising capex by 20% to Rs 12 lakh crores and setting up a full-fledged Ministry of Investment.
(With agency inputs)
