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Budget session 2018: Economic Survey to be tabled in Parliament today

Economic Survey is an annual document of the Ministry of Finance, Government of India, and reviews the developments in the Indian economy over the previous 12 months

india Updated: Jan 29, 2018 10:15 IST
Agencies
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Finance minister Arun Jaitley speaks in the Rajya Sabha in New Delhi. He will present the Union Budget 2018 for the fiscal year 2018-19 on February 1.(PTI File Photo)

The Economic Survey of India will be tabled in both houses of Parliament as the budget session is set to commence on Monday.

President Ram Nath Kovind’s address to a joint sitting of the Lok Sabha and Rajya Sabha on Monday will mark the beginning of the Budget Session 2018. The Economic Survey of India will be tabled later in the day.

The Economic Survey is the ministry’s view on the annual economic development of the country.

Economic Survey is an annual document of the Ministry of Finance, Government of India, and reviews the developments in the Indian economy over the previous 12 months, summarises the performance on major development programs, and highlights the policy initiatives of the government and the prospects of the economy in the short to medium term.

This document is presented to both houses of Parliament during the Budget Session.

The finance minister will present the Union Budget 2018 for the fiscal year 2018-19 on February 1.

This will be the first Budget in the post- GST (Goods and Services Tax) era and the last full budget from Jaitley before the general election in 2019.

On Sunday, the government reached out to the opposition as it convened a meeting of senior parliamentary leaders of various political parties and sought their cooperation for the smooth functioning of the budget session.

Union parliamentary affairs minister Ananth Kumar told the media that the session is scheduled to have a total of 31 sittings (eight sittings in the first part and 23 in the second) spread over 68 days. The session would conclude on April 6.

Parliament will be adjourned for recess on February 9 to reassemble on March 5.

First Published: Jan 29, 2018 08:16 IST