Budget Session

September 16, 2024 5:05 PM

Parliament Session: Finance Minister to move J-K Appropriation Bill in Lok Sabha, Budget discussion to continue

As the Parliament is set to convene for the ongoing Budget Session on Monday, Union Finance Minister Nirmala Sitharaman will introduce the Jammu and Kashmir Appropriation Bill, 2024, in the Lok Sabha. "Nirmala Sitharaman to move for leave to introduce a Bill to authorise payment and appropriation of certain sums from and out of the Consolidated Fund of the Union Territory of Jammu and Kashmir for the services of the financial year 2024-25. Also to introduce and move the bill," the list of busine...

September 16, 2024 5:21 PM

Finance Minister Nirmala Sitharaman arrives in Parliament to present Union Budget 2024

Finance Minister Nirmala Sitharaman arrived in Parliament to present the Union Budget for 2024-25. Earlier, Sitharaman met President Droupadi Murmu at Rashtrapati Bhavan, ahead of the Budget presentation at 11 am. The Finance Minister left the North Block offices of the Finance Ministry with a copy of the Union Budget 2024-25 which as has been tradition, is in a digital format. The Finance Minister along with her team posed for a photo opportunity along with the red 'Bahi Khatha' digital tabl...

July 22, 2024 5:17 PM

India to remain fastest growing major economy in 2024-25, says CEA Nageswaran

India is poised to remain the fastest-growing major economy in 2024-25, Chief Economic Adviser V Anantha Nageswaran stated in a press conference after the tabling of the Economic Survey in Parliament on Monday. The Economic Survey projects India to grow at a rate of 6.5-7.0 percent in 2024-25. Global institutions, including the IMF, OECD, World Bank, S&P, ADB, and Fitch, have forecasted India's growth within a range of 6.6-7.2 percent. The International Monetary Fund (IMF), in its latest o...

July 22, 2024 5:08 PM

Govt’s timely interventions, RBI’s measures helped maintain retail inflation at 5.4 percent: Economic Survey

The annual Economic Survey, tabled by Union Finance Minister Nirmala Sitharaman in Parliament on Monday, states that despite the pandemic and geopolitical tensions, timely policy interventions by the central government and the Reserve Bank of India's price stability measures helped maintain retail inflation at 5.4 percent. During FY22 and FY23, the COVID-19 pandemic, geopolitical tensions, and supply disruptions contributed to rising global inflationary pressures. In India, consumer goods and s...

September 16, 2024 5:23 PM

India recovered, expanded in orderly fashion post-pandemic: Economic Survey 2023-24

The Indian economy has recovered and expanded steadily after the pandemic, with the real Gross Domestic Product (GDP) in 2023-24 increasing by 20 per cent compared to the pre-pandemic level of 2019-20, according to the Economic Survey 2023-24 tabled in Parliament on Monday. This upward trajectory, the Survey highlights, is a feat achieved by only a few major economies. "Prospects for continued strong growth in FY25 beyond look good, subject to geopolitical, financial market and climatic risks,...

September 16, 2024 5:52 PM

Indian economy on a strong wicket in face of geopolitical challenges: Economic Survey 2023-24

The Indian economy continues to expand, demonstrating resilience amidst geopolitical challenges, according to the Economic Survey 2023-24 tabled by Finance Minister Nirmala Sitharaman in Parliament on Monday. The 476-page Economic Survey report highlights that the Indian economy has consolidated its post-COVID recovery, with fiscal and monetary policies ensuring economic and financial stability. However, the survey warns that global volatility could hinder the achievement of ambitious growth t...

September 16, 2024 5:52 PM

Finance Minister Nirmala Sitharaman to table Economic Survey in Parliament today

Union Finance Minister Nirmala Sitharaman will table the Economic Survey 2023-24 along with a statistical appendix in Parliament on Monday, a day ahead of the Union Budget. The Budget Session of Parliament will commence today (Monday) and subject to the exigencies of government business, the session is likely to conclude on August 12. Union Ministers Nirmala Sitharaman, Jayant Chaudhary, Pankaj Chaudhary, Kirtivardhan Singh and Sukanta Majumdar will present the document on the table in Lok Sabh...