The BJP Government is getting ready for the Presentation of the Budget for the next financial year.The Government presents it on the first day of February so that it could be materialised before the beginning of the new financial year in April.
Until 2016 it was presented on the last working day of February by the Finance Minister Nirmala Seetharaman in Parliament.
As Finance Minister Nirmala Sitharaman and her team start work on the Union Budget 2022, there’s some good news about the economy.
After dipping to a multi-year low, the GDP growth rate has bounced back. The Indian economy grew 8.4% in the July-September quarter. According to a survey of analysts, India’s economy is likely to grow at 9.4% this year.
But analysts also point out that this robust growth is aided by the base effect from the year ago, when the economy contracted 7.4%.
The Union Budget 2021 will be presented by Finance Minister Nirmala Sitharaman on February 1 at 11 am. The first part of the Budget session will start on January 29 and will continue till February 15. President Ram Nath Kovind will address both houses of the Parliament on January 29 before the start of the session.
