Exam time for Modi Sarkar as Budget Session begins today

The new government will be presenting its first Railway Budget tomorrow and the Union Budget on Thursday. The ground realities of the economy have not changed much with inflation soaring above 6%. The expectations on the new government are very high which is seen in the overheating of the market.

It will be the first big test for the Narendra Modi government as the Budget session at the Parliament begins today. The opposition will not go easy on the BJP government, though the numbers of the BJP at the Lok Sabha will certainly help the Modi Sarkar. 

The new government will be presenting its first Railway Budget tomorrow and the Union Budget on Thursday. The ground realities of the economy have not changed much with inflation soaring above 6%. The expectations on the new government are very high which is seen in the overheating of the market. The Sensex and Nifty have crossed their all time high and are hovering around 25,962 and 7751 respectively.

The oil minister has already made clear that LPG and kerosene prices cannot be hiked and that the government will find newer ways to fix its subsidy burden. The parliament and the market will be watching the subsidy and fiscal deficit target numbers.

A PTI report quotesspeakers Sumitra Mahajan as saying, ""The session will have 28 sittings and 168 working hours. Since the Standing Committees for various ministries are yet to be constituted, the demands for grants for various ministries will be passed by both Houses by July 31 after discussion in Parliament instead of the committees," Ms Mahajan said after the meeting yesterday."

"Government is willing to give full time to discuss any issue. They are ready to discuss every issue. Different suggestions have come and they will be decided after the meeting of the Business Advisory Committee," she added.

Interestingly the session begins today without any one being named as the leader of the opposition. Whether the parliament will disucss and fix this in the ongoing session remains to be seen. While the Congress will pitch in heavily for the position, the BJP might not easily give it to them. 

Apart from inflation, the ongoing crisis in Iraq and bringing back of Indians mgith also be raised in the parliament.

 

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