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Ahead of the Union Budget, FY23 Growth Projected at 8-8.5% by Economic Survey

Finance Minister Nirmala Sitharaman is expected to present the Economic Survey 2021-22 on Monday.

Updated
India
7 min read
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Finance Minister Nirmala Sitharaman tabled the Economic Survey 2021-22 in the Lok Sabha on Monday, 31 January. India will see a growth of 8 percent to 8.5 percent for the coming fiscal year that starts in April, as per the report.

The first leg of the Budget Session of the Parliament began on Monday, with the president's address. Prime Minister Narendra Modi, who appealed to MPs to keep politics aside during the Budget Session, also attended the address.

Both the Houses have been adjourned till Tuesday.

Amid heightened political tensions in the pre-election season, the issues of Chinese infringements at the border, farmer distress, COVID-19, and Pegasus spyware are likely to be raised by the Opposition during the session.

Snapshot
  • The Union Budget will be tabled by Finance Minister Nirmala Sitharaman on Tuesday, 1 February

  • The first leg of the Budget Session will finish on 11 February. The second part of the session is scheduled for 14 March-8 April. Standing committees will evaluate the budgetary allocations in the recess

  • Due to the prevailing COVID-19 outbreak, the Rajya Sabha will sit from 10 am to 3 pm, while the Lok Sabha will sit from 4 pm to 9 pm

  • There will be no Zero Hour and Question Hour in both Houses of Parliament during the first two days of the Budget Session

  • The Congress has moved a privilege motion against IT Minister Ashwini Vaishnaw in the Lok Sabha as well as the Rajya Sabha, for "misleading" the House on the Pegasus spyware issue

10:23 PM , 31 Jan

Congress RS MP Gives Amendment Notice on Motion of Thanks

Congress Rajya Sabha MP Shaktisinh Gohil has given amendment notice on Motion of Thanks to the President’s Address.

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8:00 PM , 31 Jan

'Modi Govt Doesn't See People's Pain': Rahul Gandhi on Economic Survey

Congress leader Rahul Gandhi reacted to the Economic Survey and said "Modi government sees high tax collection as an achievement, it does not see people's pain."

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6:02 PM , 31 Jan

Motion of Thanks & President's Address on Budget Session Agenda

Lok Sabha's Business Advisory Committee has allocated 12 hours for discussion on the Motion of Thanks to the President's Address and 12 hours for discussion on Budget, sources told ANI.

Meanwhile, Rajya Sabha Chairman M Venkaiah Naidu held an all-party meeting and decided that there will be no legislative business in the first half of the Budget session – the motion of thanks and general budget will be on the agenda.

Naidu also reportedly informed the leaders that the two major items of business took a total time of over 26 hours during the last Budget session, and a 23-hour time slot will be allotted for the same in the first part of this Budget session, ANI reported.

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4:07 PM , 31 Jan

Retail Inflation Remains Moderate; 5.2% in 2021-22

The Economic Survey stated that the retail inflation, as measured by Consumer Price Index-Combined (CPI-C), remained range-bound, touching 5.2% in 2021-22, from the previous 6.6% in the corresponding period between April and December of 2020-21.

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Published: 31 Jan 2022, 10:20 AM IST
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