Nirmala Seetharaman will be presenting the fourth budget at a time when the country’s economy has taken a fresh knock due to the third wave of the Covid-19 pandemic.
From laymen to industry experts, all are expecting Finance Minister Nirmala Sitharaman to announce relief measures in the upcoming budget on February 1.
The Budget for the coming financial year will begin on January 31 with the address of President Ram Nath Kovind to the joint sitting of both Houses of Parliament.
The two Houses of Parliament will meet at separate times of the day for five hours each — Rajya Sabha in the first half and Lok Sabha in the second half — to ensure Covid distancing norms during the Budget Speech.
The Union Budget will be presented on February 1, 2022. The Lok Sabha will meet on February 1 for the presentation of the Union Budget. Subsequently, it will meet from 4 pm to 9 pm from February 2 to February 11, when the session will go on a recess.
The second part of the session will be from March 14 to April 8. But the timings of sittings are not yet clear for Part II of the session.
Nirmala Sitharaman will deliver her fourth Budget speech at 11 am on February 1. The budget speech generally lasts for close to the two-hour mark.
