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Chief Economic Advisor (CEA) in the Ministry of Finance, Krishnamurthy Subramanian said that that measures to safeguard farmers should be made more effective. He pointed out that inflation witnessing moderation since 2014. Volatility of prices for most essential food commodities down in 2014-19, he added.
Chief Economic Advisor (CEA) in the Ministry of Finance, Krishnamurthy Subramanian said that Union Government need to target 'Ease of Doing Business' in India and get into top 50 in EODB rankings.
Chief Economic Advisor (CEA) in the Ministry of Finance, Krishnamurthy Subramanian said that Government intervention is required when there is market failure. "The market failures today are much less than they were in the 1950s or the 1980s; this should be considered while reviewing our laws", Subramanian said.
Chief Economic Advisor (CEA) in the Ministry of Finance, Krishnamurthy Subramanian said the Economic Survey lays focus on enabling imports of components so that they can be assembled in India and then exported to create jobs
Reiterating the Government's focus on doubling farmers income by 2022, the Economic Survey 2019-2020 tabled by Sitharaman emphasized on mechanization of agriculture, livestock and fisheries sector, food processing, financial inclusion,agricultural credit and crop insurance, micro irrigation and buffer stock management.
The economic situation in India is seeing a tough time with liquidity crunch, joblessness, slow growth and several other factors. On February 1, Finance Minister Nirmala Sitharaman will present the Union Budget 2020. Here's What FM Nirmala Sitharaman May Offer.
The Economic Survey reiterated the govt's focus on doubling farmers income by 2022. It added saying that inflation had declined sharply from 3.2% in April 2019 to 2.6% in December 2019, reflecting weakening of demand pressure in the economy.
According to the Economic Survey 2020, the FY20 tax collections are expected to be lower than estimates. Meanwhile, the Survey has out the current fiscal growth at 5 percent.
According to the Economic Survey 2020, the tax collections of FY20 are expected to be lower than estimate. Reports inform that the growth in 2020-21 compares to a projected 5 per cent expansion in 2019-20. The Economic Survey asks Government to deliver expeditiously on reforms.
According to the Economic Survey 2020, the FY21 GDP growth seen at 6-6.5 percent in the in the next financial year starting April 1, 2020 while the FY21 is expected to pose challenges on the fiscal front, reports stated.
New Delhi, January 31: The Budget Session of Parliament will commence on Friday with an address by President Ram Nath Kovind to the joint sitting of two Houses of Parliament. President Kovind will deliver a speech in the Central Hall of Parliament at 11 am. Vice President Venkaiah Naidu will also chair a meeting of floor leaders of Rajya Sabha at his residence today.
The Union Budget will be presented on Saturday. The first phase of the session will conclude on February 11, while the second part of the session will begin from March 2 and end on April 3. The Bharatiya Janata Party Executive Committee meeting will be held in Parliament Library at 2 pm, while the National Democratic Alliance (NDA) meeting is expected in Parliament Library at 3:30 pm today.
An all-party meeting called by Parliamentary Affairs Minister Pralhad Joshi was held on Thursday in Parliament ahead of the Budget Session. Prime Minister Narendra Modi also attended the meeting along with other Union Ministers, namely, Rajnath Singh, Thawar Chand Gehlot, Arjun Meghwal, V Muraleedharan, and others.
Samajwadi Party MP Ram Gopal Yadav was also present in the meet. BJD's Prasanna Acharya, NCP MP Supriya Sule, Congress MP Adhir Ranjan Chowdhury, RJD leader Manoj Jha, and many other MPs were present in the meeting.The Prime Minister said that the government was open for discussion on all issues during the Budget Session of Parliament and agreed with the demand of MPs that there should be a discussion on economic issues.
In his remarks at the all-party meeting on the eve of the Budget Session, he welcomed suggestions of most members that the session should focus on the prevailing economic situation in the country."Most of the members have asked for discussion on the economic situation concerning the country. I welcome this and we need to discuss the economic issues as suggested by you all," he said.
Modi urged members to see how the country can gain from the prevailing global economic scenario."We should focus on how we can turn the global scenario in favour of India. And in this Budget Session, and in the beginning of the New Year if we can give a proper direction to the country's economy, it would be in the best interest of the country," he said.
The Prime Minister also agreed with members on other important issues raised by them and said there should be an open discussion on all such issues."I agree with you all on the other important issues raised by you. And I would like to say that there should be an open discussion on all such issues," he said, reported ANI.
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