Finance Minister Nirmala Sitharaman will put an end to the suspense on union budget for the fiscal year 2020-21, on Saturday, February 1, 2020. This will be the second Budget of the Narendra Modi government 2.0.
Various sectors across the nation such as railways, jobs, infrastructure, farming, education, aviation, etc. have a lot of expectations from the Union Budget for FY21, especially after a slew of recent interventions, including the slashing of the corporate tax.
From slowing demand, low industrial output and the overall GDP growth pegged at an 11-year low of 5%, Sitharaman has quite a few things on her table.
Budget 2020 date & time
The Economic Survey will be released on January 31. The Budget session of the Parliament will begin on January 31 at 11 am with a speech by President Ram Nath Kovind. President Kovind will address a joint session of both Lok Sabha and Rajya Sabha.
Union Budget 2020 will be presented in the Parliament on February 1 at 11 am. Finance Minister Nirmala Sitharaman will present the Union Budget 2020 in the Parliament.
Budget 2020 session of Parliament
The Budget 2020 session will be held in two phases — from January 31 to February 11 and March 2 to April 3. According to the reports, there will be a 19-day recess to enable the standing committees to consider the demands for Grants of Ministries or Departments and prepare their reports.
