Economic Survey LIVE updates: Spending on social services has been significantly ramped up in recent years

Spending on social services has been significantly ramped up in recent years, in various categories such as health, education and others, in line with Government’s policy of providing safety nets to vulnerable sections in the wake of Covid-19 pandemic 

Budget 2022 LIVE updates: GDP is 1.3% above pre-pandemic level, says Economic Survey

Government consumption has been reasonably strong, but private consumption still lags pre-pandemic level (mainly due to hit faced by contact intensive sectors)  Exports have been major growth driver, imports too strong. GDP is 1.3% above pre-pandemic level.

There has been a very sharp increase in both tax and non-tax revenues

There has been a very sharp increase in both tax and non-tax revenues; this is great because it supports capital expenditure which too is above pre-pandemic level  – Principal Economic Advisor  

8 to 8.5 per cent GDP growth for 2023: Bloomberg on eco survey

8 to 8.5 per cent GDP growth for 2023: Bloomberg on eco survey

Budget 2022 LIVE: Economic Survey calls for improving productivity of small, marginal farmers

Survey calls for improving productivity of small, marginal farmers through small holding farm technologies. 

Budget 2022 LIVE updates: Economic Survey 2022 on Atma Nirbhar Bharat

Initiatives under Atma Nirbhar Bharat including introduction of structural and procedural reforms, record vaccinations, various PLI scheme designed to attract investments in sectors of core competency and cutting edge technology, Make-in-India programme to boost domestic manufacturing capacity, reduction of corporate tax rate, etc and steps to improve operational efficiency have helped the industrial sector to keep up its ante. The sector has started to recover steadily and according to the National Statistical Office, is expected to grow at 11.8 per cent in 2021-22.

Economic Survey 2022: Key highlights

India’s FY22 GDP growth seen at 9.2 per cent
GDP growth for FY23 has been projected at 8 per cent to 8.5 per cent
Economic recovery back on track

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Budget session 2022 LIVE: Child rights NGOs demands increased allocation for the elimination of child labour

Noting that the safety of children should be the centrepiece of Union Budget, child rights organisations have demanded an increased allocation for elimination of the child labour and more investment in strengthening the social safety-net. They also suggest that effective preventive mechanisms need to be accelerated on an immediate basis. The Union Budget 2022-23 will be presented by Finance Minister Nirmala Sitharaman on Tuesday.

Congress Now moves Privilege motion in House over Pegasus row

The Congress said that “We have moved the Privilege motion in House on Pegasus. This govt is misleading the House, Supreme Court, people…As Opposition, it’s our responsibility to raise this issue; Centre attempting to spread lies about it” (Pegasus): Adhir Ranjan Chowdhury, Congress Lok Sabha leader

Budget session 2022 LIVE: Govt has given priority to Make In India in defence contracts

My govt has given priority to #MakeInIndia in the defence contracts in recent years. Now, 209 items used by armed forces will not be imported, says President Ram Nath Kovind

Budget Session 2022 LIVE: Bill to raise age of marriage for girls to 21 introduced, says Kovind

Providing equal status to sons & daughters, govt has presented a Bill to increase the minimum age of 18 years for women to get married and bring it to 21 years, just like that for men: President Kovind

Budget session 2022 LIVE: About 600,000 people got jobs because of startups

President Kovind: Start up ecosystem is now helping youth. About 600,000 people got jobs because of new age startups.

Budget session 2022 LIVE updates: President on digital India

“In an increasingly digital world today, India is one of the countries where the cost of internet is the lowest, and the cost of smart phones is also the lowest”The young generation of India is getting huge benefit from this, said Kovind
 “Today India has emerged as the second largest mobile phone manufacturer in the world”.