The Budget Session of Parliament has begun and is scheduled to conclude on April 8.
- First, President Ram Nath Kovind will address both Houses in the Central Hall.
- The Economic Survey 2021-22 will be laid by Finance Minister Nirmala Sitaraman in Lok Sabha on January 31.
- The Budget will be presented by her on February 1 at 11 am.
- There will be no Zero Hour and Question Hour in both Houses of Parliament during the first two days of the Budget Session.
- During the First Part of the Session after the presentation of the Budget (February 2-11), 40 hours of normal time will be available for various Businesses such as Question, Private Members’ Business, Discussion on Motion of Thanks, General Discussion on Union Budget, etc.
- Article 85 requires that there should not be a gap of more than six months between two sessions of Parliament.
- The Constitution does not specify when or for how many days Parliament should meet.
- The procedure for presentation of the Budget in and its passing by Lok Sabha is as laid down in articles 112—117 of the Constitution of India, Rules 204—221 and 331-E of the Rules of Procedure and Conduct of Business in Lok Sabha and Direction 19-B of Directions by the Speaker.
- The Budget is presented to Lok Sabha on such day as the President may direct.
- Immediately after the presentation of the Budget, the following three statements under the Fiscal Responsibility and Budget Management Act, 2003 are also laid on the Table of Lok Sabha:
- (i) The Medium-Term Fiscal Policy Statement;
- (ii) The Fiscal Policy Strategy Statement; and
- (iii) The Macro Economic Framework Statement.