• Source:JND

Ahead of the Budget Session of the Parliament, Union Parliamentary Affairs Minister Kiren Rijiju has called an all-party meeting on January 27 at 11 AM.

The news agency ANI reported, citing sources, that the meeting will be held in the main Committee Room of Parliament and will set the agenda for the session, which begins on January 28 and runs until April 2.

The Budget Session is set to commence on January 28 and continue till April 2, with one break. The first phase is scheduled from January 28 to February 13, while the second phase will run from March 9 to April 2.

The Budget Session will start with President Droupadi Murmu's address to the joint session of the Parliament. On February 1, Union Finance Minister Nirmala Sitharaman will table the Union Budget for the next year, 2026-27. 

In all, there will be 30 sittings in the Budget Session of the Parliament. Ahead of the budget, the Ministry of Finance on Wednesday took to X to highlight the previously announced customs duty rates.

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During the previous Budget sessions, in a decisive move to solidify, the move was aimed at correcting the inverted duty structure on the goods. The Ministry also reduced the BCD on open cells and key components to 5 per cent.

In a bid to solidify India's position as a global electronics hub and to promote domestic manufacturing of electronic goods, the Union Finance Ministry had announced an increase in the Basic Customs Duty (BCD) on flat panel displays to 20 per cent during the previous budget session.

"In line with our 'Make in India' policy, and to rectify inverted duty structure, I propose to increase the BCD on Interactive Flat Panel Display (IFPD) from 10 per cent to 20 per cent and reduce the BCD to 5 per cent on Open Cell and other components," the Finance Minister said in a post on X.

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To further boost local manufacture of Open Cells for LCD/LED TVs, BCD on parts of Open Cells was fully exempted, building on earlier reductions, it said.

(With ANI Inputs)


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