NEW DELHI: Union Finance Minister Nirmala Sitharaman will table the Economic Survey 2020-2021 in Parliament on Friday as the Budget Session is all set to begin.
Chief Economic Adviser KV Subramanian will address a press conference at 2.30pm after the presentation of the Economic Survey.
The Budget Session will begin today with an address by President Ram Nath Kovind to the joint sitting of two houses of Parliament.
The first part of the session will continue till February 15. The second part of the session will be held from March 8 to April 8.
The Economic Survey, which is presented on the opening day of the budget session, provides a summary of the annual economic development across the country during the financial year.
This year, it holds major significance because of the economic upheavals owing to Covid-19 pandemic. It will also project India’s gross domestic product growth for 2021-22.
As the Budget session has gone paperless this year, all the documents, including the Economic Survey, would be made available online soon after the authenticated copies are laid on the Table of the House, the Lok Sabha Secretariat has said. The copy of the Economic Survey can be downloaded from www.indiabudget.gov.in.
The practice of presenting the Economic Survey dates back to 1950-51 and until 1964, it used to be presented along with the Union Budget. From 1964, the ministry started to release the survey a day before Budget.
The Economic Survey is a crucial document not only for GDP projection. Every year, it has a theme and since 2018 CEA Subramanian has grabbed attention with his innovations.
Rajya Sabha will function from 9 am to 2 pm and Lok Sabha from 4 pm to 9 pm with Zero Hour and Question Hour.
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