Accordingly Finance Minister Nirmala Sitharaman, the only woman to hold the portfolio after former Prime Minister indira gandhi, will present the Union Budget on Friday. Meanwhile the first session of the newly elected Lok Sabha will be convened from June 17 to July 26 and the new government of Prime Minister Narendra modi will present its first Budget on July 5, in which it is expected to provide an insight about the programs to be undertaken in the second term.
Furthermore in its previous term, the modi government had on February 1 presented the interim Budget in view of the upcoming Lok Sabha elections. Reportedly the 40 day session will have 30 sittings, Information and Broadcasting Minister Prakash Javadekar had said after the first meeting of the new Union Cabinet. The first two days of the session have been kept for oath taking by the newly elected members and the first full Budget is expected to see various announcements made in the Vote-on-Account to be either implemented or taken forward.
Moreover among those proposals, the Cabinet had already decided in the interim Budget to expand the PM Kisan scheme of giving Rs 6,000 to small farmers to cover all the agriculturists. Perhaps the other major highlights of the interim Budget, presented by Piyush Goyal, included exemption on income tax of individuals up to an earning of Rs 5 lakh per annum and provision of a monthly pension of Rs 3,000 to workers in the unorganized sector.
