The world has recognised India as a bright star as the country is recording healthy economic growth despite global uncertainties, finance minister Nirmala Sitharaman said on Wednesday. India's growth at 7 per cent in the current fiscal is the highest among major economies and the Indian economy is on the right track, she said in her Budget speech.
Seven of the meetings will be held in late November or early December at the finance ministry, as is the norm.
According to the sources in the government, Union Budget 2012-2013 is likely to be presented in Parliament on March 19, 2012.
The second part of Budget Session continues. The Opposition is set to corner the government on a range of issues. Watch all the action here, LIVE!
He said that the two nations will have issues in the foreseeable future. However, there are ways of addressing those issues and what happened in 2020 was not the way to address those issues.
Sources said the Cabinet at its meeting on Thursday is expected to finalise the schedule for the session, the first after the Narendra Modi government has taken over.
Don't expect less tax on your income. The Finance Minister can, however, delay DTC, incentivise equity investments, and give a higher tax break for home loans.
The recent surgical strikes in Pakistan-occupied Kashmir are expected to grab limelight during the month-long session. Some parties have alleged that the government is trying to politicise it.
They said the proposal to bring a motion was mooted at the meeting of party MPs this morning and Congress leaders are now talking to other party leaders over it.
Defence stocks have been on a tear, with the Nifty India Defence index hitting all-time highs. Over the past week, the index jumped around 7 per cent, far outpacing the flat performance of the Nifty 50. Over the past month, its 12 per cent gain has trebled the benchmark's return.
Senior government officials say that barring the National Housing Bank Amendment Bill, no major Bill -- not even the Banking Bill which the Cabinet has cleared -- will make it to Parliament by May 22, the last day of this Budget session.
But the government will present a second tranche of Supplementary Demands for Grants during the Budget session of Parliament in February, when it can seek additional spending.
The Budget session of the Parliament is likely to begin from February 25 with the Presidential Address to a joint sitting of Lok Sabha and Rajya Sabha followed by presentation of rail budget and general budget on February 26 and 28.
The Karnataka High Court has quashed the Enforcement Directorate's summons to Chief Minister Siddaramaiah's wife Parvathi B M and Urban Development Minister B S Suresh in connection with the MUDA site allotment case. The court ruled that the ED was conducting a parallel investigation despite the case already being probed by the Lokayukta police and a Special Investigation Team (SIT). The ED had alleged that Siddaramaiah and other accused were involved in attempted money laundering in the MUDA site allotment case and that the fourteen sites (plots) allotted to Parvathi in Mysuru upmarket were illegally allotted.
Pralhad Joshi on Friday said the government was not keen to suspend MPs from Lok Sabha, but opposition members came with requests for suspension after action was taken against some of their colleagues.
Announcing a Re 1 crop insurance scheme for farmers, the deputy CM said the government will bear the financial burden of Rs 3,312 crore.
For now, Modi's government appears singularly focussed on demonstrating that it is not in any way inhibited by the BJP's loss of a majority, and will continue along its patented path of bulldozing all opposition and doing just as it likes, asserts Prem Panicker.
Seeking to lift investor sentiments, the government on Monday said that it will not wait for the Budget, which is due in February, to address the issues concerning retrospective amendment to Income Tax laws.
The results of the assembly elections in Gujarat and Himachal Pradesh are likely to play out during the winter session of Parliament beginning Wednesday.
Watch all the action from both House of the Parliament.
President Pranab Mukherjee addressed the Joint Session of both Houses of Parliament at the beginning of the Budget session.
The stormy second part of Budget Session continues.
At a meeting of the business advisory committee of Lok Sabha, which has floor leaders of all parties besides the government representatives and is chaired by the Speaker, most political parties favoured curtailment of the session, which started on September 14 and was scheduled to conclude on October 1.
Watch all the action from both House of the Parliament.
'And this will persist given the two-and-a-half-front threat we face.'
On the eve of the budget session of Parliament, the government on Sunday reached out to the opposition
If you are rich and if you have money, you can buy the Indian examination system, Rahul claimed.
Rajya Sabha proceedings were adjourned for the day as amid uproarious scenes with the opposition and treasury benches shouting slogans.
Citizens of the country are hoping that the FM pays heed to their wishlist during this Budget session.
'Nearly 10 million people will benefit from the increase in the rebate limit for those earning up to Rs 12 lakh.' 'We expect all that money will come back into the economy in either savings, consumption, or investments.'
The Question Hour in Lok Sabha has been disrupted every day since March 13.
The Bill proposes introduce the concept of class action suits for the first time in India, which would empower investors to sue a company for 'oppression and mismanagement' and claim damages.
This is despite expectations of a stormy session, given the unresolved standoff on the Opposition's insistence on a Joint Parliamentary Committee probe into the telecom spectrum controversy.
Watch all the action from both House of the Parliament.
A prime minister-appointed expert group, headed by Kirit Parikh, suggested on Wednesday freeing petrol and diesel prices and suggested raising liquid petroleum gas rates by a steep Rs 100 per cylinder and kerosene by Rs 6 a litre.
Prime Minister Narendra Modi will chair an all-party meeting on Saturday to put forth the government's legislative agenda for the Budget Session of Parliament.
This time, it might start between March 5 and 12 in view of polls, government sources said, citing that counting of votes is scheduled for March 4.
'Let Fadnavisji prove to the people of Maharashtra that he acts fairly against one and all.'
The government will come out with a White Paper on the mismanagement of economy prior to 2014 with an aim to draw lessons.
