The Union cabinet is holding a meeting on Monday, ahead of the presentation of Union Budget in Parliament. The cabinet, headed by Prime Minister Narendra Modi, had on Saturday approved the Budget for the financial year beginning April 1. In the budget, Sitharaman is expected to roll out measures to lift the economy from the worst economic slowdown in 11 years which was induced by the coronavirus disease (Covid-19) pandemic. Meanwhile, Sitharaman and her team met President Ram Nath Kovind on Monday, an hour before presenting her third budget. She was accompanied by her deputy Anurag Thakur and other officials of the finance ministry.