Parliament Budget Session LIVE: Indian Economy Expected To Grow At 6.5% In 2023-24
Parliament Budget Session LIVE: The government will release the Economic Survey for 2022-23 today which will present a picture of the economic situation of the country during the period
LIVE
Background
Parliament Budget Session LIVE: The last full Budget of the second term of the Narendra Modi-led government will be presented in Parliament on Wednesday, February 1. The Budget session of the Parliament will take place over 27 sittings, with two parts - the first from January 31 to February 14 and the second from March 12 to April 6.
Finance Minister Nirmala Sitharaman will present the final full-fledged Union Budget of the Modi government before the 2024 Lok Sabha elections on Wednesday. President Droupadi Murmu will deliver her maiden speech to the joint session of both Houses of Parliament, focusing on the government's accomplishments and key priorities.
The Opposition is likely to challenge the government on issues such as the Adani-Hindenburg controversy. At an all-party meeting on Monday, Opposition parties raised the Adani issue and the conduct of Governors in states ruled by them. As many as 37 leaders from 27 parties participated in the all-party meeting.
This will be a challenging Budget as expectations would be high due to rising inflation and global economic uncertainty.
With nine assembly polls this year and the General Election next year, Finance Minister Nirmala Sitharaman will have to strike a fine balance between populism and fiscal prudence. Many feel that the Modi Cabinet will steer clear of populist schemes as it has shown its opposition to the 'revadi (freebie) culture'.
An analysis of the last five pre-poll Budgets in India shows that the government has tried to strike a balance between fiscal prudence and populism. The pre-poll Budgets are often seen as a tool for the ruling party to gain electoral support.
The last five pre-poll Budgets in India show that the government has tried to strike a balance between fiscal prudence and populism. The Budgets have focused on boosting economic growth, creating jobs, and supporting the poor and the vulnerable. These Budgets also proposed measures to increase foreign investment and simplify taxes.
Parliament Budget Session LIVE: Indian Economy Expected To Grow At 6.5% In 2023-24
In the remaining part of the decade, India is expected to grow at 6.5-7 per cent, says CEA V Anantha Nageswaran
— Press Trust of India (@PTI_News) January 31, 2023
Parliament Budget Session LIVE: Parties Urge Govt To Adjourn House On Feb 13 During Lok Sabha Business Advisory Committee
All parties urged the government to adjourn House on February 13 instead of February 10 during the Lok Sabha Business Advisory Committee meeting as the discussion on President's address and presentation of budget will conclude by Feb 10, reported ANI.
Parliament Budget Session LIVE- Economy Recovered Complete, No Pandemic Recovery Anymore: Chief Economic Advisor
Chief Economic Advisor V Anantha Nageswaran on Tuesday said that the recovery of economy is completed and that "we don't have to speak of pandemic recovery anymore."
Non-banking and corporate sectors have now healthy balance sheets, he added while speaking on the Economic Survey
Parliament Budget Session LIVE- Current Account Deficit To Continue, Rupee May Come Under Pressure: Economic Survey
The Economic Survey 2022-23 tabled by Union Finance Minister Nirmala Sitharaman stated that the current account deficit may continue to widen due to surge in global commodity prices. It also added that as a result, the Rupee may come under pressure.
Borrowing cost may remain 'higher' for longer period; entrenched inflation may prolong tightening cycle, it added.
Parliament Budget Session LIVE: FM Sitharaman Presents Economic Survey 2022-23 In Parliament
Union Finance Minister Nirmala Sitharaman presented the Economic Survey 2022-23 ahead of the Union Budget 2023-24 in Parliament today.
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