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
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.
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
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.
Union Finance Minister Nirmala Sitharaman presented the Economic Survey 2022-23 ahead of the Union Budget 2023-24 in Parliament today.
Following President's joint address in Parliament, Bharat Rashtra Samithi MP K Keshava Rao said that the speech did not mention the issues of unemployment and infaltion.
"I suggest to the President to advise the PM to bring an act called the 'Adani Act' as there is only croony capitalism now," he said.
BRS and Aam Aadmi Party announced that they would boycott the President's address.
President Droupadi Murmu, after her first address to both Houses of Parliament, left the Central Hall of Parliament for Rashtrapati Bhawan. She was escorted by Vice President Jagdeep Dhankhar, Prime Minister Narendra Modi, and Lok Sabha Speaker Om Birla.
President Droupadi Murmu's address to joint session of the Parliament was followed by Vice President Jagdeep Dhankhar's address.
The Rajya Sabha Business Advisory Council meeting will take place at 2:30 pm today, reported ANI.
President Murmu in her address said 'garibi hatao' (remove poverty) is not just a slogan anymore. My government is working to have a permanent solution to the problems of the poor and empowering them.
President Droupadi Murmu in her address said that GST has ensured dignity to taxpayers along with transperancy.
"Earlier, there was a long wait for tax refund. Today, refund is received within a few days of filing Income Tax Return," she added.
"My government is of the clear opinion that corruption is the biggest enemy of democracy and social justice. To seize the property of fugitive economic offenders, my government passed the Fugitive Economic Offenders Act," the President said.
President Droupadi Murmu in her first address to both Houses of Parliament said "today we have stable, fearless, and decisive government."
"Today, India's self-confidence is at its highest and the world is looking at her from a different perspective. India is providing solutions to the world," she added.
President Droupadi Murmu arrived at Parliament House for her first address to both the Houses
Ahead of President's address to both the Houses, Vice President Jagdeep Dhankhar reached Parliament.
Congress leader Sonia Gandhi arrived at Parliament ahead of President's address to both the Houses, reported ANI.
President Droupadi Murmu leaves Rashtrapati Bhawan for Parliament to address both the Houses of the Parliament.
Ahead of President Droupadi Murmu's first address to both the Houses of Parliament marking the commencement of Budget Session of Parliament, Prime Minister Narendra Modi said that it is an occassion to honour women and tribals of the country.
The Sensex was down by 325 points and is currently at 59,175 while the Nifty was at 17,559 ahead of the presentation of Economic Survey 2023 in Parliament.
Congress Parliamentary Party chairperson Sonia Gandhi will attend the President's address to both the Houses of Parliament as party president Mallikarjun Kharge and other party MPs would not be able to attend as flights from Srinagar delay due to inclement weather conditions, reported ANI.
The Aam Aadmi Party and the Bharat Rashtra Samithi will boycott the President's address to both the Houses of Parliament today, said BRS MP, K Keshava Rao. We are not against the President but only want to highlight through democratic protest the governance failures of the NDA govt, he added.
Congress President Mallikarjun Kharge and other MPs will not be attending President's address on the first day of the Budget Session of the Parliament due to delayed flights from Srinagar airport on account of inclement weather conditions, said party General Secretary in-charge Jairam Ramesh. Several Congress leaders were in the Valley on Monday on the conclusion of Rahul Gandhi's Bharat Jodo Yatra.
The Aam Aadmi Party will boycott the President's address today which will commence the Budget Session of the Parliament from today. The party's MPs will stay out of the Parliament House at the time of the address, reported ANI citing party sources.
The Central government will today release the Economic Survey for 2022-23, marking the beginning of the Budget session of the Parliament. The survey will present a picture of the economic situation of the country during the period.
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.
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