Budget session of Parliament likely to begin from January 31

Parliament's Budget Session is expected to commence from January 31 and will continue till February 9, 2024, reported Times Now on Thursday.

The interim Budget for 2024-25 will be presented on February 1, 2024, by union finance minister Nirmala Sitharaman.

Sitharaman may introduce fiscal measures like tax reductions to combat rising prices and address persistent inflationary trends. Experts advocate a balanced blend of fiscal and monetary policies to mitigate inflation's impact amid uncertainties.


The interim budget must however tread cautiously in selecting schemes and new programmes, ensuring growth incentives without compromising inflation containment efforts.

The primary objectives of the interim budget on February 1 will likely be enhancing exports, reinforcing the progress made in attracting investments to strategic and burgeoning sectors, reducing the current account deficit, and charting a definitive path toward robust economic growth while maintaining fiscal consolidation efforts.

BUDGET FAQs

1. What is inflation?
A widespread increase in the cost of goods and services within an economy indicates inflation, which is a decline in the purchasing power of money.

2. What is the inflation rate in India?
The median opinion among analysts is that inflation, as determined by the yearly change in the consumer price index (CPI), increased from 5.55 per cent in November to 5.87 per cent in December.

3. How is inflation managed in India?
Through monetary policy, the Reserve Bank of India (RBI), the nation's central bank, is essential in containing inflation. In order to affect the money supply and credit in the economy, the RBI modifies important interest rates, such as the repo rate.