Combating inflation, protecting the common man from the impact of rising food prices and sustaining the momentum of economic growth while ensuring the poor get a fair share of the "fruits of growth" are among the government's "foremost priorities" in 2011-12, President Pratibha Patil said in her address to Parliament this week.
India's economic growth is estimated to have slowed down to 11-year low of 5 per cent during the current financial year ending March 2020.
Over the last 50 years, the number of sittings of Parliament has been declining and has halved since the 1950s and the 1960s, the report stated.
He said the government proposes to extend Pradhan Mantri Kaushal Kendras to more than 600 districts across the country, from 60 districts at present.
For the first time, large display screens and consoles for participation from galleries, ultraviolet germicidal irradiation, special cables between the two Houses and polycarbonate separators will be in place.
Parliament proceedings were adjourned amid ruckus and sloganeering by the Opposition members over the Adani issue.
Employees of public sector banks (PSBs) on Thursday went on two-day strike against the move to privatise public sector banks impacting normal banking operation across the country. Many branches across different parts of the country were shut as 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) had given two day strike call. As a result, services such as deposits and withdrawal at branches, cheque clearance and loan approvals might be affected due to the strike. But ATMs are expected to function as usual.
The current cost of the food subsidy is Rs 1 trillion.
Union Finance Minister Pranab Mukherjee on Friday presented his fifth budget in Parliament on Friday but Morarji Desai holds the record of doing so 10 times.
The FM could scrap the secrecy around tax rates.
The Reserve Bank will launch the first pilot for retail digital rupee in Mumbai, New Delhi, Bengaluru and Bhubaneswar on December 1, and later expand it to nine more cities in the initial phase. This follows a month after the RBI had started a pilot in the digital rupee - wholesale segment on November 1. The Reserve Bank announces the launch of the first pilot for retail digital rupee (e?-R) on December 1, 2022, the central bank said in a statement on Tuesday.
According to highly placed sources, Congress president Sonia Gandhi on Monday shared her plans regarding Telangana with Andhra Pradesh Chief Minister Kiran Reddy in Delhi. Reddy is also believed to have taken up the matter with the top political leadership.
There is a serious move afoot to reschedule the second half of the budget session of the Parliament with sources disclosing that leader of the Lok Sabha and Union Finance Minister Pranab Mukherjee would discuss the rescheduling of dates in the meeting of floor leaders of political parties which he has called on April 5.
The loss in Bihar has forced a change in NDA's market positioning, says Shekhar Gupta.
The government has introduced the Code on Wages Bill 2019 and the Occupational Safety, Health and Working Conditions Code Bill 2019 in Lok Sabha on July 23.
He claimed that out of 90 secretaries of the government of India, only three are from the Other Backward Classes and control only five per cent of the Budget, which he said was an "insult" to the backward classes.
Given the many policy areas where the Centre and the states have not been seeing eye to eye in the last few years, it is time the Modi government convenes a meeting of the Inter-State Council, recommends A K Bhattacharya.
Addressing the BJP parliamentary party meeting, Modi said he relished all these challenges during the pandemic and the country also overcame them.
On Friday govt increased the petrol price by Rs 1.40 a litre.
'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
A K Bhattacharya lists three reasons why Finance Minister Arun Jaitley will most likely present a full Budget on February 1, 2019.
With Jaitley preferring continuity over change, good days might take a little longer to arrive, says Shankar Acharya.
The opposition has a whole host of issues to target the government.
If they will allow I will speak inside the parliament, the Wayanad MP said.
The government on Friday sought Parliament's nod for an additional Rs 54,000-crore spending mainly to meet its obligation towards GST compensation to states and defence-related expenditure. Minister of State for Finance Anurag Thakur presented the second and final batch of supplementary demands for grants in the Lok Sabha.
The major central trade unions demanded that the Centre take steps to "negate" the impact of the SC judgement banning strike by government employees. They will also observe the opening day of budget session of Parliament as national protest day.
The Budget oration of the finance minister and the confidence with which she delivered it, along with the measures and the recent upsurge in the economy would all contribute to unleashing the storied 'animal spirits' and help the economy run on the growth path quite smoothly. Or so the government hopes, notes Shreekant Sambrani.
The government may be staring at a modest slippage in fiscal deficit for 2022-23 (FY23), with the Ministry of Finance seeking parliamentary approval for additional spending through a second and final tranche of supplementary demands for grants. On Monday, as the Budget session of Parliament resumed, Finance Minister Nirmala Sitharaman sought Parliament approval for additional gross spending of Rs 2.7 trillion in FY23 (which ends on March 31). While net cash outgo is pegged at Rs 1.48 trillion, the rest will be matched by savings or enhanced receipts, the finance ministry said.
Stepping up their attack on Rahul Gandhi for his 'democracy under brutal attack' remark in the United Kingdom, Bharatiya Janata Party leaders, including Union ministers, on Thursday demanded an apology from the Congress leader insisting that he was 'not above Parliament'.
Reserve Bank Governor Shaktikanta Das on Thursday said cryptocurrencies are a "threat to macroeconomic and financial stability" and cautioned investors against punting on them, days after the Union government's move to tax the gains made from cryptocurrency trades. In the Union Budget for 2022-23 presented in Parliament on February 1, the government proposed levying a 30 per cent tax on gains made on cryptocurrency trades by investors and the announcement was welcomed by cryptocurrency industry players, saying it legitimises their trades. Das invoked the 17th century 'tulip mania', widely considered to be the first financial bubble, to caution investors, saying the cryptocurrencies do not even possess the value of the exotic flower.
The meeting was held at the newly built convention centre at Pragati Maidan, which will host the G20 summit in September.
Sheela Bhatt recounts the tension, suspense and disruptions during P Chidambaram's interim budget in the Lok Sabha on Monday.
ITC was the top laggard in the Sensex pack, tanking 6.97 per cent, followed by L&T, HDFC, SBI, ONGC, ICICI Bank and IndusInd Bank.
He said politicians should work for non-political causes as well as they have a lot of impact on society. In this context, Modi noted the Gujarat government's work for "beti bachao" (save daughters) when he was the chief minister and said it helped a lot in improving the gender ratio.
Senior bureaucrats say the government has planned a 'feel-good' Budget after the 'pain' of demonetisation.
The contentious anti-corruption Lokpal bill will come up for discussion next month in Parliament after the ongoing one-month recess of the budget session, Union Minister V Narayanasamy said on Sunday.
Current account deficit in 2010-11 will be well below 3.0 per cent of GDP.
Amarinder Singh was ousted from the party and he later joined the Bharatiya Janata Party.
Congress leader Adhir Ranjan Chowdhury raised the Karnataka issue and accused the ruling party of 'poaching' its MLAs in the state.
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