Budget 2021 : President Ram Nath Kovind to address Parliament shortly

BUDGET SESSION 2021 UPDATES: Finance Minister Nirmala Sitharaman will present the Economic Survey today. Stay tuned for LIVE updates on Budget session of the Parliament

With the central bank halting monetary easing since mid-2020, citing high inflation, the onus is on Sitharaman to loosen the budget despite having meager resources to work with.

BUDGET SESSION 2021 LIVE UPDATES: The Budget Session of Parliament begins today, two days before the Union Budget 2021-22 is presented. Union Finance Minister Nirmala Sitharaman will table the Economic Survey 2020-21 in Parliament today, which provides a summary of the annual economic development across the country during the financial year. With the ongoing farmers’ protest, this year’s Budget session is expected to be a stormy one. The Budget session will begin with President Ram Nath Kovind addressing a joint session of Parliament. However, as many as 18 Opposition parties have announced that they will boycott the President’s address in solidarity with farmers protesting against the three Union laws.

Announcing the decision, Ghulam Nabi Azad, leader of Opposition in Rajya Sabha, said the 16 parties also demanded an independent probe into the Centre’s role in the violence that shook the national capital during the farmers’ tractor parade on Republic Day. budget logoThe most important items on the agenda in the session are the passage of the Budget 2021 and related documents — the Economic Survey for 2021-22 on Friday, The Union Budget on Monday, and the report of the Finance Commission.

Stay tuned for Budget session 2021 LIVE updates.

Economic Survey likely to predict 11% economic growth for 2021-22: Report

India is likely to predict economic growth of 11% in the fiscal year beginning April 1 in its annual economic survey later on Friday, Reuters reported. The Indian economy, which the International Monetary Fund singled out as a global bright spot only a few years ago, is set to contract 7.7% in the current fiscal year to March 31, the deepest contraction in four decades, the economic survey is expected to say. But the government predicts the rollout of vaccines against Covid-19, which has killed 153,847 Indians, will re-energise Asia’s third-largest economy with 11% growth next year, said the source, who is familiar with the matter. That would mark the strongest growth since India liberalised its economy in 1991.

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