New Delhi [India], February 10 (ANI): Both Houses of Parliament are scheduled to carry the overall dialogue on the Union Budget 2026-27 on Tuesday.
The Upper House of Parliament will resume dialogue of the Budget, whereas the Lower House is prone to start the controversy after a stalemate between the opposition and the ruling events.
According to the List of the Business, in Lok Sabha, MPs Azad Kirti Jha and Robert Bruce C will current the Reports of the Standing Committee on Chemicals and Fertilisers. Jitin Prasada will make an announcement relating to the standing of implementation of suggestions contained within the 188th Report of the Standing Committee on Commerce on ‘Comprehensive Strategy to Map Major Products and Countries to Maximise Exports and Minimise Imports’.
In the Upper House, Rwngwra Narzary and Naresh Bansal will lay on the desk the Reports of the Department-related Parliamentary Standing Committee on Chemicals and Fertilisers (2025-26).
MoS Petroleum and Natural Gas, Suresh Gopi, will make an announcement relating to Status of implementation of the Observations and Recommendations contained within the Fifth Report (Eighteenth Lok Sabha) of the Department-related Parliamentary Standing Committee on Petroleum and Natural Gas on Action Taken by the Government on the Observations and Recommendations contained in its Twenty-third Report (Seventeenth Lok Sabha) on ‘Review of Policy on Import of Crude Oil’ pertaining to the Ministry of Petroleum and Natural Gas.
Earlier on Monday, the Rajya Sabha took up a debate on the Union Budget. Initiating the controversy, former Finance Minister and Congress chief P Chidambaram slammed the federal government, saying it’s ‘parsimonious, forgetful of the previous 12 months’ and can vanish from the reminiscence of the individuals.
Chidambaram highlighted quite a few challenges listed within the Economic Survey. ‘I’ll take up solely 4 challenges: Capital Investment. For some years now, for nearly 12 years, capital funding gross mounted capital formation is caught at 30 per cent of GDP. Net FDI in 2024-25 has collapsed to lower than 0.09 per cent. FPIs, overseas portfolio buyers, are pulling out. Private funding, though corporations are cash-rich, is caught at 22 per cent of GDP. In this example the place neither the general public sector nor the personal sector nor the overseas investor is investing in India, this authorities has lower capital expenditure,’ he stated.
He stated there was a lower in expenditure in agriculture and rural growth, and the Jal Jeevan Mission.
Participating within the debate, Congress chief Randeep Singh Surjewala stated the Union Budget has duped villages, farmers and marginalised sections of society. He claimed the federal government has ‘sacrificed the pursuits of farmers beneath the India-US commerce deal’.
Finance Minister Nirmala Sitharaman offered her ninth consecutive Union Budget on February 1. (ANI)