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Opposition Criticizes Economic Slowdown Ahead Of Budget 2025-26 Presentation

New Delhi [India]: As the Budget Session 2025-26 of Parliament commenced today, opposition leaders voiced concerns over the state of the economy, citing declining GDP growth, falling domestic consumption, and rising taxation.

Congress leader Udit Raj expressed skepticism about the upcoming Budget, saying:
“There is no hope as manufacturing is down in the country. The GDP is also down. We all know how reliable the numbers given in the Economic Report are. Domestic consumption has not increased, and taxes continue to rise. There is no hope from this Budget.”

Congress MP Manickam Tagore raised concerns about employment and urban spending, stating:
“India’s economy is in a different stage now. Employment numbers are going down, urban spending is declining, and while the super-rich are making massive gains, the middle class is suffering. We expect the government to change its policy and address people’s concerns.”

Shiv Sena (UBT) leader Sanjay Raut remarked on the short duration of the first part of the session:
“Today is the address of the President. Tomorrow, the Budget will be presented. This first part of the session is very short. Opposition members will discuss the budget in detail in the following sessions.”

Key Highlights of the Budget Session

  1. President Droupadi Murmu’s Address
    • The session began with the President’s address to a joint sitting of both Houses of Parliament.
  2. Economic Survey Presentation
    • Finance Minister Nirmala Sitharaman will table the Economic Survey 2024-25 today.
    • It will be presented in Lok Sabha at 12 PM and in Rajya Sabha at 2 PM.
    • The Survey provides insights into economic performance, sectoral trends, and projections for 2025-26.
  3. Union Budget 2025-26 on February 1
    • The Union Budget will be presented on February 1 at 11 AM by Finance Minister Sitharaman.
    • The Finance Bill, 2025, crucial for taxation and fiscal policies, will also be introduced.

Legislative Agenda: Key Bills to Be Tabled

  • Banking Laws (Amendment) Bill, 2024 – Strengthening banking regulations.
  • Railways (Amendment) Bill, 2024 – Enhancing railway operational efficiency.
  • Disaster Management (Amendment) Bill, 2024 – Improving disaster response mechanisms.
  • Waqf (Amendment) Bill, 2024 & Mussalman Wakf (Repeal) Bill, 2024 – Reforming religious endowments management.
  • Oilfields (Regulation and Development) Amendment Bill, 2024 – Updating oil exploration policies.
  • Readjustment of Representation of Scheduled Tribes in Assembly Constituencies of the State of Goa Bill, 2024 – Addressing representation of Scheduled Tribes in Goa.
  • Shipping & Maritime Bills:
    • Bills of Lading Bill, 2024
    • Carriage of Goods by Sea Bill, 2024
    • Coastal Shipping Bill, 2024
    • Merchant Shipping Bill, 2024

What to Expect from Budget 2025-26?

With GDP growth slowing, private investment weak, and employment concerns rising, the Budget is expected to focus on:
Boosting domestic consumption
Job creation initiatives
Investment-driven economic growth
Tax reforms & fiscal policies


The first part of the Budget Session will run until February 13, followed by a recess until March 9. The session will conclude on April 4.

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