Budget 2017: Govt convenes all-party meet today, seeks Opposition’s support

Budget 2017: Govt convenes all-party meet today to seek opposition’s support

The government has convened an all-party meeting today ahead of the Budget 2017Session of Parliament to seek opposition’s support for the smooth conduct of proceedings in both the Houses.

Lok Sabha Speaker Sumitra Mahajan has also called a meeting of leaders of political parties in the House same evening.

The Budget Session will start from Tuesday with President Pranab Mukherjee’s address to a joint sitting of the Lok Sabha and the Rajya Sabha.

The Economic Survey will also be presented on the first day of the session. General Budget will be presented on Wednesday.

The two Houses will have a month long recess from February 10 to March 8 to enable the Standing Committees to consider the Demands for Grants of Ministries and Departments and prepare their reports.

Six expectations of banking sector from Budget 2017

With the Union Budget 2017 just a sniffing distance away, banking stocks are on a roll.

The BSE Bankex, the barometer of banking stocks, has shot up 12% since its December lows in the anticipation of budgetary stimulus to keep demons of demonetisation at bay.

Since the low 2,0148 hit on December 26, the Bankex has risen 12% to settle at 22,566 last week. This is against an 8% rise in Sensex during the same period. Read more

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