The newly constituted Narendra Modi government will hold its first Cabinet meeting today at 5 PM. Sources said while there is no fixed agenda, the possible date for convening the Parliament session could be decided at the meeting.
The new Cabinet has 58 ministers including the PM. Since portfolios haven’t yet been allocated and only the oath of office was administered at Thursday’s swearing-in ceremony, that’s another task ahead of the PM. In the coming days, he would also need to decide on the various cabinet committees, such as the Cabinet Committee on Security, Cabinet Committee on Parliamentary Affairs and Cabinet Committee on Political Affairs.
Meanwhile, the Union Budget 2019 is set to be presented in a little over a month after the new government has taken charge, in July. According to sources, the budget will be presented in the first week of July itself.
The first task in hand for the new finance minister would be to ensure that the economy stays on the right track. The Federation of Indian Chambers of Commerce & Industry said, “The upcoming Union Budget 2019-20 is an opportunity for the government to boost consumption and investments through appropriate fiscal stimulus and policies.”