‘It will be a historic Budget,’ says Union Minister Kiren Rijiju

Prime Minister Narendra Modi and Home Minister Amit Shah arrived in Parliament to attend the Budget session on Sunday Parliamentary Affairs Minister Kiren Rijiju also arrived at the Parliament to attend the Cabinet meeting just before the presentation of Union Budget 202627 by Union Finance Minister Nirmala SitharamanSpeaking to ANI Rijiju said It will be a historic budget The PMs Reform Express will move forward speedily towards Viksit Bharat Union Minister Shivraj Singh Chouhan said this would be Viksit aur Aatmanirbhar Bharat ka BudgetThe Union Cabinet headed by Prime Minister Narendra Modi will approve the Union Budget 202627 in Parliament Earlier Sitharaman arrived at the Parliament to attend the Cabinet meeting ahead of presenting the Budget 202627 in Lok SabhaMeanwhile President Droupadi Murmu offered dahicheeni curd and sugar to Union Finance Minister Nirmala Sitharaman when she arrived at the Rashtrapati Bhavan The dahicheeni ritual is carried out by the President as it is considered an auspicious commencement of the day This customary goodluck gesture was made during the Finance Ministers meeting with President Murmu at Rashtrapti BhavanMinister of State for Finance Pankaj Chaudhary was also present on the occasion The Finance Minister was seen discussing the contours of the Budget proposals with the President Ahead of her arrival at Rashtrapati Bhavan Sitharaman was seen carrying her trademark bahikhata a tablet wrapped in a redcoloured cloth bearing a goldencoloured national emblem on itMoS Pankaj Chaudhary Chief Economic Advisor Dr V Anantha Nageswaran Chairman of the Central Board of Direct Taxes CBDT Ravi Agrawal and other officials of the Finance Ministry were seen accompanying the Finance MinisterSitharaman is set to present her ninth consecutive Union Budget today at 11 am in the Lok Sabha which will see her equal former Finance Minister P Chidambarams record and surpass that of Pranab MukherjeeFormer Prime Minister Morarji Desai continues to hold the record for presenting 10 term the most Union Budgets in independent India Sitharaman will present a statement of the estimated receipts and expenditure of the Government of India for the year 202627 The Finance Minister will also lay on the table two statements under Section 31 of the Fiscal Responsibility and Budget Management FRBM Act 2003 These include the Mediumterm Fiscal PolicycumFiscal Policy Strategy Statement and the Macroeconomic Framework StatementThe List of Business further states that Sitharaman will move for leave to introduce the Finance Bill 2026 in the Lok Sabha She will also formally introduce the Bill The Finance Bill gives legal effect to the financial proposals of the governmentFM Sitharaman is set to present Indias ninth consecutive Union Budget On Thursday Union Finance Minister Nirmala Sitharaman tabled the Economic Survey of India in Parliament for the financial year 202526The tabling of the Economic Survey ahead of the Budget follows the longstanding tradition of outlining the state of the economy before detailing future fiscal plans The Economic Survey of India is regarded as the nations official annual report card on the economy It provides a comprehensive databacked review of the economys performance over the previous year and offers a broad roadmap for future policy direction As the governments flagship annual report it reviews key economic developments over the past 12 monthsThe survey plays a crucial role in the leadup to the Union Budget While the Budget focuses on future government spending taxation and policy measures the Economic Survey explains why those decisions are necessary by analysing past economic performance and trendsThe Economic Survey is prepared by the Economic Division of the Department of Economic Affairs under the leadership of the Chief Economic Adviser CEA It is presented in two parts each focusing on different aspects of the economyThe Budget session will span 30 sittings over 65 days concluding on April 2 The two Houses will adjourn for a recess on February 13 and reconvene on March 9 to enable the Standing Committees to examine the Demands for Grants of various ministries and departmentsThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever