The assertion comes amid speculation that the ruling party in Andhra Pradesh might rethink its ties with the BJP in view of its disappointment over allocation of funds to the state in the Union Budget.
The additional amount will be exclusively earmarked for the hospitality and related segments to help them recover to pre-pandemic levels. Presenting the Budget 2022-23 in Parliament, the finance minister said the Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE) scheme will be revamped with required infusion of funds.
The nod by the Heritage Conservation Committee came nearly a week after the Supreme Court asked the Centre to seek prior approval from the panel and other relevant authorities before starting construction of the new parliament building.
Parliamentary Affairs Minister Pralhad Joshi on Friday met Congress parliamentary party chief Sonia Gandhi, seeking her party's cooperation for smooth functioning of the Parliament session beginning June 17.
A strong showing will be vital to Narendra Modi's chances of a second term.
The FRBM report, to be submitted on Tuesday, is likely to have 'excuse clauses', absolving the government of meeting its fiscal commitments under certain conditions such as war or conflict, global economic meltdowns or natural disasters.
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.
'We are not secessionists, we want to coexist with our countrymen but not on the terms that will strip us off our dignity and a right to peaceful existence.'
The best way for the railways to become more professional will be to get corporatised.
'SC and ST entrepreneurs are showing promise in starting and running businesses'.
'We need to put aside our anxieties about the Budget for now and possibly for long, and carry on as best as we can,' advises Shreekant Sambrani.
Government's objective is to bring down the cost of cultivation through efficient use of fertilisers and agro chemicals, and increase in realisation. It is, thus, planning to connect 200 agricultural mandis with electronic National Agricultural Mandis this year and 225 next year, to enable farmers to sell their produce hassle-free online.
The government is also looking to earn 8 paise for every rupee from Union excise duty and 3 paise from customs duty. While, income tax will yield 14 paise to every rupee collection.
The markets will be eyeing the amendments.
India's first digital rupee pilot project will commence on Tuesday with nine banks, including SBI, HDFC Bank and ICICI Bank, issuing the virtual currency for transactions in government securities. "...the first pilot in the digital rupee - Wholesale segment shall commence on November 1, 2022," the RBI said in a statement on 'Operationalisation of Central Bank Digital Currency-Wholesale (e?-W) Pilot'. It also announced that the first pilot in digital rupee - Retail segment is planned for launch within a month in select locations in closed user groups comprising customers and merchants.
Prime Minister Manmohan Singh has directed Union Agriculture Minister Sharad Pawar to bring out a report on the state of Indian agriculture, to be presented to Parliament every year before the Union Budget.
Going by the number of changes Mr Jaitley's next Budget is likely to see, he will go down in the history of Budget-making as the finance minister who ushered in the largest number of changes in a single Budget, says A K Bhattacharya.
Former Congress president Sonia Gandhi, BJP chief J P Nadda and new party entrant Ashok Chavan and Union ministers Ashwini Vaishnaw and L Murugan were among the 41 candidates elected unopposed to Rajya Sabha on Tuesday while Himachal Pradesh, Karnataka and Uttar Pradesh will witness polling on February 27.
Mixed global cues and decline in crude oil prices further dent the sentiments.
Jaitley said a 10 per cent tax long on capital gains exceeding Rs 1 lakh made from the sale of shares has been introduced but those made till Janaury 31 would be grandfathered. A 10 per cent tax on distributed income by equity oriented mutual funds has also been proposed in the budget.
As cracks began to appear in their ongoing agitation against the agri laws, farmer unions on Wednesday cancelled their planned march to Parliament on February 1 when the Budget would be presented.
'The government should come back as a job creator as it did in the 1960s and the 1970s.'
Finance Minister Nirmala Sitharaman on Monday said the government has come out with open and transparent Budget and has not made any attempt to hide anything under the carpet.
There are no regulations governing virtual currencies in India and the RBI has not given any licence to any entity/company to operate such currencies.
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.
The PM said that the Union Budget will accelerate the economic growth, financially empower every citizen and strengthen the foundation of the economy in the new decade.
Sparks flew on the first day of the debate on the no-trust motion moved by the Congress with the Opposition on Tuesday asserting that it was forced to do so to break Prime Minister Narendra Modi's 'maun vrat' (vow of silence) on Manipur and the treasury benches hitting back saying it was a no-trust vote against a 'poor person's son' who has worked for the welfare of the people.
He has now to show that he can take on the vested interests within the railways which are resisting change through corporatisation
Leader of the Opposition in Rajya Sabha Mallikarjun Kharge on Sunday wrote to Prime Minister Narendra Modi and Rajya Sabha Chairman M Venkaiah Naidu and suggested to convene an all party meeting and virtual meetings of Parliament Standing Committees to discuss the COVID-19 situation in the country.
Lakhs of employees of public sector banks continued their strike on the second day on Friday as well to protest against proposed privatisation of banks by the government impacting normal operation across the country. Shutters of branches across many parts of the country on Friday were down following the strike call given by the United Forum of Bank Union (UFBU), an umbrella body of nine bank unions including All India Bank Officers' Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW). As a result, services such as deposits and withdrawal at branches, cheque clearance and loan approvals remains paralaysed due to the two-day strike ending later in the day.
Finance Minister Nirmala Sitharaman said: "This will cover 99.3 per cent of the companies. Now only 0.7 per cent of companies will remain outside this rate."
Stressing that economic growth will only move upwards, the Reserve Bank of India Governor Shaktikanta Das on Friday pegged the GDP growth rate for the next financial year at 10.5 per cent, though a tad lower than the government's projection of 11 per cent. The projection is in line with the estimates in the Union Budget 2021-22 presented in Parliament earlier this week. The Economic Survey, tabled by the government in Parliament recently, has projected that the economy will grow at 11 per cent, up from an estimated historic decline of 7.7 per cent in 2020-21, on account of the COVID-19 pandemic.
The Budget Session of Parliament commences on January 31 and the first leg will go on till February 13.
The police detained five women and Shree Rajput Karni Sena president Mahipal Singh Makrana before he could meet them in Ahmedabad.
While presenting the Union Budget 2021-22 in Parliament, the finance minister said poll-bound West Bengal will see highway projects worth Rs 25,000 crore. She also announced that highway projects worth Rs 65,000 crore will be undertaken in Kerala. She also announced an Rs 18,000-crore scheme to augment public transport in urban areas.
Proceedings of Budget Session 2021 in both houses continue.
Finance Minister Arun Jaitley did a balancing act in the Union Budget 2015.
A day before the start of the Budget session of Parliament, as many as 18 opposition parties, led by the Congress, the Nationalist Congress Party, the Shiv Sena and the Trinamool Congress, decided on Thursday to boycott the President's address to the joint sitting of both Houses in solidarity with the farmers protesting against the new farm laws.
Experts recommend awaiting the findings of the 2021 Census, which is yet to be conducted, before introducing population control policies.
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