This budget will be the last of the incumbent government. (File photo: Reuters) Prime Minister Narendra Modi on Thursday urged the Opposition to cooperate as he addressed the media ahead of the budget session of Parliament. "The nation is well aware of the hardships we are facing. We will work towards the development of the nation. I hope all parties contribute towards the smooth functioning of the budget session of Parliament," PM Modi said. PM Modi added, "The country is observing the proceedings of the Parliament. The MPs should hold a meaningful debate in this session of the Parliament. We are eager to hold a debate on all important issues." The budget session commenced with an address by the President, Ram Nath Kovind. This budget will be the last of the incumbent government. Earlier there was a confusion over whether the budget would be termed "full budget". The finance ministry, however, clarified yesterday that the term was used only for communication and that only an interim budget would be presented on February 1.<doc-sep>Live Budget 2019 India: While a regular budget seeks approval of the parliament for an entire fiscal year, an interim Budget seeks approval for the first four months only till a new government takes over. Live Budget 2019 India: While a regular budget seeks approval of the parliament for an entire fiscal year, an interim Budget seeks approval for the first four months only till a new government takes over. Union Budget 2019 India: Ahead of the Lok Sabha elections scheduled for later this year, Prime Minister Narendra Modi-led government will present it’s sixth and final budget before the polls due by May. It is supposed to be an interim budget or a Vote on Account. In the absence of Finance Minister Arun Jaitley, interim Finance Minister Piyush Goyal will present the Budget. Follow LIVE UPDATES on the Union Budget 2019 in Bangla | Malayalam | Tamil Where to watch Budget 2019 The viewers can tune in to Lok Sabha TV, Rajya Sabha TV or Doordarshan channels where live proceedings of the Union Budget 2019-20 shall be broadcast. Also, one can follow the Youtube channels of Doordarshan, Lok Sabha TV and Rajya Sabha TV for the live webcast of Budget. Additionally, indianexpress.com will run a series of LIVE BLOGS that will provide an all-round coverage of the Union Budget 2019-20. Arun Jaitley was slated to deliver the budget speech, however, owing to medical reasons, he had to visit the United States. Last week, the government made the announcement that Piyush Goyal will take charge of the Finance Ministry in the absence of Jaitley. When to watch Budget 2019 The interim Budget 2019 will be presented on February 1, 2019 at 11 am during the ongoing Budget session of the Parliament. An interim budget, while treated formally, is usually passed by the Lok Sabha without discussion. While a regular budget seeks approval of the parliament for an entire fiscal year, an interim Budget seeks approval for the first four months only till a new government takes over. Click here to know more about the differences between the two budgets.<doc-sep>Interim Finance Minister Piyush Goyal will present the Interim Budget 2019 in Parliament on Friday. This year's budget session comes months before the Lok Sabha elections. Here is how you can watch the Budget presentation live: Watch the live webcast of the Interim Budget 2018 here When To Watch Interim Budget? Interim Finance Minister Piyush Goyal will present his Budget speech at 11 am in the Parliament. When will the Budget Session End? The first phase of union budget session began on January 31 and will continue till February 11. There will be a second session after Lok Sabha polls.<doc-sep>Modi government will be presenting the Interim Budget for the fiscal year 2019-20 on Februrary 1, Friday. The Finance Ministry made it official that the upcoming budget will be 'Interim Budget 2019-20' on Thursday , January 30. In the absence of Finance minister Arun Jaitley who has gone to US for medical treatment, the Interim Budget will be presented by Cabinet Minister Piyush Goyal. A day before the announcement of Union Budget, Parliament started 'Budget Session' at 11 am where PM Modi urged MPs to work for the public. After the PM's address, President Ramnath Kovind addressed the nation where he spoke on surgical strike, Triple Talaq Bill and several other issues, besides the President also highlighted the achievments of Modi government in the past five years. Under the Prime Minister's Saubhagya Yojana, over 2 crore 47 lakh households have been given power connections. "Now India is rapidly moving towards the situation where each household will have electricity and no family will be forced to live in darkness," said President Kovind. You can follow the exclusive coverage of Budget 2019 on BusinessToday.In . Here's everything you need to know including date, time, procedure about the Interim Budget 2019 : Important dates: 'Budget Session' in the Parliament kicked-off today at 11 am. The Budget Session will continue till February 13, 2019 in which Lok Sabha and the Rajya Sabha will have total 10 sittings and the Question Hour will be held from February 4 to 8 and on February 8, discussion on private member's bill will take place. Timings: On the Budget Day, the Finance Minister will deliver the speech around 11 am in the Parliament. Interim Budget: Traditionally, a year in which general elections are scheduled, the outgoing government presents the Interim Budget. The Interim Budget is similar to regular budget as the central government presents a full financial statement-its expenditure, receipts and projections for the fiscal year. Budget is prepared by Ministry of Finance, department of economic affairs, after the consultation from all the other ministries. The last Interim Budget was presented on February 17, 2014 by then Finance Minister P Chidambaram. The interim budget is followed by full-budget by new incoming government following the elections. On September 21, 2016, Modi government ended the 92-year-old practice of presenting Railway and Union Budget separately and approved the merger of both the Budgets. Till 2016, the Railway Budget was presented a few days before the Union Budget. Earlier, till 1999 the Union Budget was announced at 5 pm on the last working day of February, however, Ex- finance minter Yashwant Sinha changed this ritual by announcing the budget at 11 am. On January 21st, Minister of State for Finance jointly kicked off the 'Halwa Ceremony' to mark the beginning of printing of documents, officially relation to 2019 interim budget.<doc-sep>
Union Budget 2019-20 India Date: Interim Finance Minister Piyush Goyal will present the Union Budget 2019 in Parliament. Union Budget 2019-20 India Date: Interim Finance Minister Piyush Goyal will present the Union Budget 2019 in Parliament. Union Budget 2019-20 India Date and Time: The government will present the Union Budget 2019 on February 1, a day after the Budget session of Parliament commences on January 31. Interim Finance Minister Piyush Goyal is likely to present an interim Budget, the last for the current government before the 2019 Lok Sabha elections. In the upcoming session, the Lok Sabha and the Rajya Sabha will have 10 sitting — the session ends of February 13. Follow LIVE UPDATES on the Union Budget 2019 in English | Bangla | Malayalam | Tamil The Budget Session, which is convened for conducting urgent financial business, will see the two Houses mainly occupied with discussions on the Motion of Thanks for the President’s Address and the interim Budget. Of the 10 sittings, only five will have Question Hour — February 4 to 8. On February 8 alone, private members’ bills will be taken up for discussion. What is interim Budget 2019? The government is expected to present an interim Budget, or vote on account, on February 1 as it nears the end of its term. Here, the government seeks the approval of Parliament to meet its expenditure for the first four months of the fiscal year (April to March) — paying salaries, ongoing programmes in various sectors etc — with no changes in the taxation structure, until a new government takes over and presents a full Budget that is revised for the full fiscal. It differs from a General Budget, which is a comprehensive account of the finances. It lays down consolidated report of revenue from all sources, and outlays for schemes and projects. The budget also carries Budgeted Estimates which are the estimates of the Central government’s accounts for the upcoming fiscal. When is the Union Budget 2019? The Budget 2019 will be presented by Finance Minister Piyush Goyal on February 1, 2019 at 11 am. An interim budget, while treated formally, is usually passed by the Lok Sabha without discussion.