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Updated 11:50 IST, January 31st 2025

Reform, Perform, Transform: PM Modi Spells Out Govt's Mantra as Budget Session of Parliament Begins

PM Modi addressed the press, revealing his government’s agenda for the session and reaffirming his commitment to making India a developed nation by 2047.

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PM Narendra Modi
PM Narendra Modi | Image: Video Grab

New Delhi: As the Budget session of Parliament is set to commence tomorrow, Prime Minister Narendra Modi addressed the press, revealing his government’s agenda for the session and reaffirming his commitment to making India a developed nation by 2047.

PM Modi expressed confidence that this Budget session will instill new confidence and energy in achieving the goal of ‘Viksit Bharat’ by 2047.

“This is the first full Budget of my third term. I can say with full confidence that by 2047, when India marks 100 years of independence, this Budget will instill trust and enthusiasm among the people,” the Prime Minister said. He emphasized that 140 crore Indians will play a crucial role in achieving this vision.

He further invoked the blessings of Goddess Lakshmi, expressing hope that the Budget would bring prosperity to the poor and middle class, saying, “Ahead of the Budget Session, I bow down to Maa Lakshmi, the goddess of wealth and prosperity.”

‘First Parliamentary Session in 10 Years Without Foreign Interference’

PM Modi took a jibe at the opposition pointing out unlike previous years, there had been no foreign interference or attempts to spark controversy before this session.

“You must have noticed, since 2014, this is the first Parliament session that has seen no ‘videshi chingari’ (foreign interference) in our affairs, no foreign forces trying to ignite a fire. I have noticed this before every Budget session. And many in our country leave no stone unturned to fan these sparks. This is the first session without any foreign meddling,” he remarked.

Focus on All-Round Development

PM Modi emphasized that his government, in its third term, will focus on “all-round development.”

“Innovation, inclusion, and investment have been the foundation of our economic activities,” he stated.

He further added, “In the third term, in Mission MODE, we will drive the country toward all-round development—whether in geographical, social, or economic aspects. We are heading towards Mission MODE.”

Reiterating his government’s guiding philosophy, he said, “Reform, Perform, and Transform.”

“When we aim to accelerate development, the most emphasis is on reform. The central and state governments have to perform, and transformation can be witnessed through public participation,” he added.

‘Historic Bills' to Be Tabled

PM Modi revealed that the government has listed 16 bills for discussion and passage during this session, calling them “historic bills” that will shape India’s future.

“In this session, as always, many historic bills will be discussed in the House. After extensive brainstorming, they will become laws that will strengthen the nation. Especially, to re-establish the pride of women power, to ensure that every woman gets a respectable life and equal rights without discrimination of caste and creed, many important decisions will be taken in this direction,” he said.

He expressed that the young generation of today will be the greatest beneficiaries of Viksit Bharat by the time they turn 50.

“Ours is a young nation, and today’s 20-25-year-olds will be the greatest beneficiaries of Viksit Bharat when they turn 50. They will be at the helm of policymaking. The efforts to fulfill our vision of Viksit Bharat will be a huge gift for our young generation,” PM Modi stated.

Calling this Budget session a “golden opportunity” for MPs to contribute to Viksit Bharat, he said, “In this Budget session, all MPs will contribute to strengthening Viksit Bharat, especially young MPs, as it is a golden opportunity for them. They will witness Viksit Bharat unfold. I hope we will stand up to the hopes and expectations of the people.”

The session officially began with President Droupadi Murmu ’s address to a joint sitting of both Houses at 11 AM. Following this, Union Finance Minister Nirmala Sitharaman will table the Economic Survey in the Lok Sabha at 12 noon, with a subsequent presentation in the Rajya Sabha at 2 PM.

The Economic Survey, prepared under the supervision of the Chief Economic Adviser, provides a detailed analysis of India’s economic performance for 2024-25 and offers insights into future trends.

Notable Bills Likely to Be Introduced in the Session

A series of important bills are likely to be taken up during the session, including:

  • Banking Laws (Amendment) Bill, 2024 – aimed at strengthening banking regulations and oversight.
  • Railways (Amendment) Bill, 2024 – focuses on enhancing the operational efficiency of Indian Railways.
  • Disaster Management (Amendment) Bill, 2024 – seeks to improve disaster response mechanisms across the country.
  • Waqf (Amendment) Bill, 2024 and Mussalman Wakf (Repeal) Bill, 2024 – aim to bring reforms in the management of religious endowments.
  • Oilfields (Regulation and Development) Amendment Bill, 2024
  • Boilers Bill, 2024
  • Coastal Shipping Bill, 2024
  • Merchant Shipping Bill, 2024
  • Finance Bill, 2025
     

The first part of the Budget session will continue till February 13, and the two Houses will reconvene on March 10 after recess. The session is scheduled to conclude on April 4.

(With agency inputs)

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Published 10:58 IST, January 31st 2025