Budget session of Parliament to begin from Jan 29; Union Budget on Feb 1

The first phase of the session will be from January 29 to February 9

The Budget session of Parliament will commence from January 29 and the Union Budget will be presented on February one, the Cabinet Committee on Parliamentary Affairs recommended on Friday.

President Ramnath Kovind will address the joint sitting of the two Houses on January 29 and the Economic Survey will be tabled on the same day, Parliamentary Affairs minister Ananth Kumar told reporters here.

The first phase of the session will be from January 29 to February 9. After a recess, Parliament will meet again from March 5 to April 6, Kumar said.

The Recommendation of the session dates was made by the CCPA which met here.

The Winter session of Parliament ended on today.

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Budget 2018 : FY18 GDP advance estimates today: A look at hits & misses of the past

The Advance Estimates of growth in gross domestic product for the current financial year, which will be released on Friday, may give the correct picture of the economy if the strike rate of the correctness of these data with the first provisional data for the past two years is sustained. The estimates were also on the dot in 2013-14 when growth had slid to five per cent due to the so-called policy logjam. For the rest of the years, the deviation was a couple of percentage points here and there, barring the global financial crisis year of 2008-09 and 2011-12 when the eurozone crisis hit the world economy. Advance Estimates are used for computing Budget numbers such as fiscal deficit.