Budget Session 2021 latest updates: 'V-shaped recovery' makes India a sui generis case in mature policy making, says CEA KV Subramanian
ANI

Parliament will sit in two shifts

In view of the COVID-19 pandemic, the Parliament will sit in two shifts. The morning session will be dedicated to Rajya Sabha, while Lok Sabha will be held in the evening. The Rajya Sabha will be in session from 9 am to 2 pm, while the Lok Sabha will function from 4pm to 8pm. Question Hour will reportedly take place in the Budget session.

Budget session set to be stormy; Opp parties to boycott Prez's joint address

The crucial Budget session of Parliament is set for a stormy start with as many as 18 opposition parties announcing their decision to boycott the President's address to a joint sitting of both houses on Friday, in solidarity with the farmers agitating against the three contentious farm laws. The session is also likely to witness acrimonious scenes, with the opposition all set to corner the government on issues like recession, job losses, handling of COVID crisis, LAC stand-off with China and the WhatsApp chat leaks of Arnab Goswami.

Finance Minister Nirmala Sitharaman to table Economic Survey 2020-21 today

Union Finance Minister Nirmala Sitharaman will table the Economic Survey 2020-21 in Parliament on Friday, two days before the Union Budget is presented during the budget session of Parliament. The Economic Survey, which is presented on the opening day of the budget session, provides a summary of the annual economic development across the country during the financial year. The annual survey analyses the trends in infrastructure, agricultural and industrial production, employment, prices, exports, imports, money supply, foreign exchange reserves and other factors having an impact on the Indian economy and the budget.

Security check being done at the Parliament

Union Home Minister Amit Shah arrives at the Parliament

Lok Sabha Speaker Om Birla arrives at the Parliament

Prime Minister Narendra Modi arrives at the Parliament

Parliamentary Affairs Minister Prahlad Joshi urges opposition parties not to boycott President Ram Nath Kovind's address ahead of the Budget session

Time to fulfill dreams of freedom fighters: PM Modi ahead of Budget Session

Today commences the first Session of this decade. This decade is very important for the bright future of India. A golden opportunity has come before the nation to fulfill the dreams seen by the freedom fighters, said Prime Minister Narendra Modi.

Finance Minister had to present 4-5 mini budgets in 2020: PM Modi

This is the Budget Session. For the first time in India's history, in a way, the Finance Minister had to present 4-5 mini budgets in 2020 in the form of different packages. So this Budget will be seen as a part of those 4-5 mini budgets, I believe this, said PM Modi.

President Ram Nath Kovind arrives at the Parliament

Today all MPs are present here with the trust that however tough the challenge be, we will not stop: President

Joint session of Parliament amid Corona pandemic is essential. It's a new year and a new decade and we're also entering into the 75th yr of independence. Today all MPs are present here with message & trust that however tough be the challenge neither we nor India will stop: President

In this fight against the pandemic, we lost many citizens, says President Kovind

In this fight against the pandemic, we lost many citizens. Former President Pranab Mukherjee passed away in this Corona period. Six MPs left us untimely due to COVID. I pay my tribute to all of them: President Ram Nath Kovind in Parliament

I am satisfied that the timely decision taken by my Government saved the lives of lakhs of citizens, says President Kovind

I am satisfied that the timely decision taken by my Government saved the lives of lakhs of citizens. Today the number of new Covid-19 cases is going down rapidly. The number of recoveries is very high: President Ram Nath Kovind, in Parliament.

It is a matter of pride that India is running the biggest vaccination programme in the world, says President

It is a matter of pride that India is running the biggest vaccination program in the world. Both vaccines of this program are made in India. In this crisis India shouldered its responsibility towards mankind & provided lakhs of doses of vaccines to several nations: President

Facilities of Ayushman Bharat Yojana can be availed in any of the 24,000 hospitals across the nation, says President

The facilities of Ayushman Bharat Yojana can be availed in any of the 24,000 hospitals across the nation. The poor are getting medicines at very low costs at 7000 centres across the country, under Pradhan Mantri Bhartiya Janaushadhi Pariyojana: President Kovind, in Parliament

National flag and a holy day like Republic Day were insulted in the past few days

The national flag and a holy day like Republic Day were insulted in the past few days. The Constitution that provides us Freedom of Expression, is the same Constitution that teaches us that law & rules have to be followed seriously: President Ram Nath Kovind, in Parliament

Small and marginal farmers are also a priority for my Govt: President Ram Nath Kovind

Small and marginal farmers are also a priority for my Govt. To support such farmers in their small expenses, around Rs 1,13,000 crores have been transferred directly to their accounts, under PM-Kisan Samman Nidhi: President Ram Nath Kovind, in Parliament

President Kovind on farm laws: 'Govt has given new facilities and rights to farmers'

My govt would like to clarify that the rights and facilities that were available before the formation of the three Farm Laws have not been cut short, in fact with these new agricultural reforms the Govt has provided new facilities and rights to farmers: President Ram Nath Kovind

Last govts had made efforts for construction of a new Parliament building: President Ram Nath Kovind

Last govts had made efforts for construction of a new Parliament building. It's a delightful coincidence that the nation started construction while moving towards 75th year of independence. The building will provide more facilities to MPs in carrying out their duties: President Ram Nath Kovind

Nation is recovering from the damage that the economy suffered while saving the lives of every Indian during the Corona period: President Ram Nath Kovind

The nation is recovering from the damage that the economy suffered while saving the lives of every Indian during the Corona period. Even in this difficult time, India has emerged as an attractive destination for global investors: President Ram Nath Kovind, in Parliament

Govt committed to the protection of the interests of the nation: President Ram Nath Kovind

20 jawans made the supreme sacrifice in Galwan valley in June 2020. Every citizen is grateful to these martyrs. My Govt is committed to the protection of the interests of the nation. Extra Forces have been deployed at LAC for protection of India's sovereignty, said President Ram Nath Kovind.

Aatmanirbhar Bharat isn't just confined to manufacturing in India: VP Venkaiah Naidu

Aatmanirbhar Bharat isn't just confined to manufacturing in India but also a campaign aimed at elevating standard of living of every Indian and boosting self-confidence of country. Our goal of Aatmanirbhar Bharat will be further strengthened by self-reliance in agriculture: Vice President M Venkaiah Naidu

President Ram Nath Kovind leaves from the Parliament House after his Address at the joint session of the Parliament concludes.

Rajya Sabha to resume at 3 pm today

Rajya Sabha will resume at 3 pm today. Economic Survey 2020-21 to be tabled at the Parliament today.

RLP MP Hanuman Beniwal showed a placard, raised slogans in the Parliament

Nirmala Sitharaman tables pre-Budget Economic Survey 2020-21 in Lok Sabha

Finance Minister Nirmala Sitharaman on Friday presented the Economic Survey that details the state of the economy ahead of the government's Budget for fiscal year beginning April 1, 2021.

The Economic Survey 2020-21, authored by a team led by Chief Economic Adviser Krishnamurthy Venkata Subramanian, details the state of different sectors of the economy as well as reforms that should be undertaken to accelerate growth.

The economy, which was battered by the coronavirus lockdown, is expected to see a strong recovery in the 2021-22 fiscal year.

The gross domestic product (GDP) contracted by a record 23.9 per cent in April-June and by 7.5 per cent in the second quarter.

For the full fiscal, the survey projected a contraction of 7.7 per cent and V-shaped recovery in the next.

GDP growth is seen expanding by 11 per cent in the 2021-22 fiscal (April 2021 to March 2022).

'V-shaped recovery' makes India a sui generis case in mature policy making, says CEA KV Subramanian

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