Prime Minister Narendra Modi is likely to reply to the debate in the Lok Sabha on Monday and in the Rajya Sabha on Tuesday.
Union Finance Minister Nirmala Sitharaman on Friday said political parties that come to power on pre-poll promises of freebies should pay for those through budgetary provisions. Citing the example of free electricity being promised in many states, the finance minister said the burden for the freebies should not be thrust upon the power discoms or gencos. "If a promise has been made to the people at the time of the election, you are looking at a quid pro quo. "You should be, as a responsible party, assume after you come to power, make a provision in the budget for it," Sitharaman said, speaking at the FE Best Bank Awards event.
Rajya Sabha proceedings were adjourned for the day as amid uproarious scenes with the opposition and treasury benches shouting slogans.
Goyal is expected to discuss the targets for the banks for 2019-20, as well as priority sector lending, recovery on non-performing assets, and the bankruptcy proceedings of various companies, which owe money to the banks.
The reform priorities are clear: enhance savings, improve productivity. Just 25 basis points of moving interest rate up or down would not boost investment: Former RBI Governor Y V Reddy.
In a dig at Rahul Gandhi, Dubey said that the former Congress president was expected to initiate the debate but did not do so last minute as "probably he got up late".
The Budget and related appropriation bills were passed by the Lok Sabha on Monday.
Industrial growth zoomed to 16.8 per cent in December 2009, giving hope to the government that overall economic growth may be faster and rekindling a debate on withdrawal of stimulus packages in the Union Budget.
'The finance minister has told the BJP's core voters we are hearing you and we are sensitive to your aspirations.'
Concerned by GDP slowdown and unrealistic tax targets, the economists urged Finance Minister Nirmala Sitharaman to implement long-term structural steps like land and labour reforms. Warning against any off-Budget financing the economists said the government should prepare a statement of intent for its social, rural and welfare sector expenditure.
'There is good indication that the economy is bouncing back, but the problem is, we should look at the eight quarters preceding March 2020.' 'The growth had fallen below 3.1% before March 2020.' 'So, the governments must realise that even if you transform the best of green shoots into banyan trees, you see only 3.1% growth.'
Ahead of the Parliament session, the government will hold a meeting with leaders of all parties on Sunday to brief them and hear their views, amid an intense buzz on whether it will have some surprise item up its sleeve during the five-day sitting.
Petroleum Minister Ram Naik on Friday said oil companies will revise prices of domestic LPG only after Finance Minister Jaswant Singh replied to the Budget debate in Lok Sabha on Tuesday next.\n
It takes a minimum of two to three hours for a bill to be explained. But nowadays it just takes few minutes to pass Budgets and even constitutional amendments.
Debate on the motion of thanks on the President's address to continue.
Modi said that for nearly one and a half years he has been putting in place details of new schemes to give new pace to the country's development and curb poverty.
Sri Lankan national Priyantha Kumara Diyawadana, who was lynched by a mob in Pakistan's Punjab province over allegations of blasphemy last week, was buried according to Buddhist and Catholic rites at Ganemulla, a suburb north of Colombo, on Wednesday.
Even if the same party returns to power, what is important to debate is that having introduced an entitlement, how challenging it is to reverse such decisions, says Mukesh Butani.
Finance Minister Arun Jaitley to present Union Budget on February 28.
The Andhra Pradesh assembly took up the marathon debate on the no-confidence motion tabled by the main opposition TDP against the Congress government. This is the first time that the present government is facing a no-trust motion even as it completes four years in power. The TDP attacked the Congress government for alleged acts of omission and commission.
TDP's Kesineni Srinivas would move his motion as his party was the first to raise it
>It's not easy to predict the market. But there are at least two positive factors to back the PSU banks, explains Tamal Bandyopadhyay.
A K Bhattacharya lists three reasons why Finance Minister Arun Jaitley will most likely present a full Budget on February 1, 2019.
If Modi wants to leave a real legacy, breaking India's strategic triangulation would be the real gift, notes Shekhar Gupta.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
Attacking the government for a provision of a mere Rs 500 (Rs 5 billion).
Finance minister read out parts of his speech to the media persons and television channels as nothing could be heard while he was replying to the debate on the Union Budget.
Trinamool Congress MP Mahua Moitra on Wednesday wrote to Lok Sabha Speaker Om Birla flagging alerts received by several opposition leaders about 'state-sponsored' attacks on their iPhones, and urged him to provide them protection to continue doing their duties.
The Rohith Vemula suicide and the Jawaharlal Nehru University row continues to dominate the discussions in Parliament on Day 4 of the Budget Session.
Congress MP Rahul Gandhi on Friday expressed his regret that the Other Backward Class (OBC) quota was not provided under the Bill brought by United Progressive Alliance (UPA) in 2010.
The Supreme Court on Wednesday sought a reply from the Lok Sabha secretary general on Trinamool Congress leader Mahua Moitra's plea challenging her expulsion from the Lower House.
The unusual timing of the session has left everyone wondering, even though the main standout feature on the listed agenda is a special discussion on Parliament's journey of 75 years starting from the "Samvidhan Sabha" (Constituent Assembly).
The economy hasn't gathered even half the traction that some of us assumed it would just a year back.
Budget session will begin on February 23 and conclude on May 8
The initiatives intended to benefit the common man include e-ticketing, catering on demand, bio-toilets, food for infants, better stations.
While the time frame may therefore be pushed back by a year, the debate on various aspects of the new tax regime has begun in earnest. Prominent among these is the question of whether there should be two sets of rates (one for the Centre, one for the states) or a single rate, the revenues from which would be shared between the Centre and the states.
The entire Budget-making exercise will be advanced by 3-4 weeks so as to complete the legislative part of financial business before April 1, the start of a financial year
There was no official word on the agenda of the session which will be held days after the G20 Summit in the national capital on September 9 and 10.
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