Budget session 2018 to begin soon in the Parliament from today. As per the reports, the economic survey of India to be tabled in both of the house of Parliament. This year the budget session will be held from 29th January to 6th April. And the first phase will be conducted from today up to 9th February. While the second phase of the session will take place from 5th March to 6th April. The economic survey is all set to present before the house today with the commencement of budget session today.
On Monday, the joint sitting of the Lok Sabha and Rajya Sabha will be addressed by President Ram Nath Kovind to begin the first phase of Budget session 2018. And then, later on, the Economic Survey of India will be tabled before the members of both the house of Parliament. The Budget session of 2018 will be the first budget to be tabled by the Parliament after a post-GST period (Goods and Services Tax). And the last Budget to be presented by the Finance Minister Arun Jaitley before the 2019 elections.
The Economic Survey of India is held to ensure the economic development of the country. According to the reports, the ministry of Economic Survey tabled the annual development of the country before Parliament in this survey session. It is the survey which estimates the annual economic document results of the Ministry of Finance and the Government of India as well as the development of Indian economy from last year. The survey held to summarise the economic performance of India from the major development programs and the policies which were highlighted by the government of India to accelerate country’s economy. The Economic Survey of India also helps to summarise the prospects of India’s economy in the short to medium term.