Budget Session was addressed by President Ram Nath Kovind in both the houses of the parliament in the Central Hall from 11 am today, 31st January 2022. President Kovind praises the Centre’s welfare schemes, asserts India running the world’s vastest food distribution drive.
The initial leg of the Budget Session of Parliament is on set today in the average of a high-octane issue for Assembly elections in five states. The session began with the President’s address, which, according to the schedule of the Lok Sabha, will take place in the Central Hall at 11 am.
Union Budget 2022-
The budget session of parliament will begin today and conclude on April 8, 2022. The Economic Survey 2021-22 will be inserted by Finance Minister Nirmala Sitaram in Lok Sabha on 31st January 2022.
The census exhibits an anticipated 8-8.5 per cent progress rate for the economy in the 2022-23 fiscal year, under the approximate 9.2 per cent GDP proliferation as bulged by the National Statistical Office. However, the Budget will be presented on February 1 at 11 am by the Finance Minister as per the Secretariat.
The Budget session is scheduled to complete on April 8, wherein the initial portion will run till February 11. A pause is foreseen from February 12 to March 13 as the standing committee assesses the budgetary allotments.
Key points mentioned by the President in his speech –
The crucial points are:
- The government has decided to honour Netaji on his birth anniversary.
- The government is commemorating Partition Atrocities Day.
- The focus is on Sabka Sath, Sabka Vikas.
- The government is celebrating Jan Jatiya Diwas for Tribals.
- The government is focusing on the empowerment of all in the next 25 years.
- The Covid Fight is another indicator of the strength of democracy.
- Global Vaccination drives held by the government.
Key Issues in the Parliament-
- Farmers Distress
- Chinese incursions
- Relief package for Covid victims
- Sale of AIR India
- Pegasus Snooping Controversy
AAM Aadmi’s expectation-
- Higher standard deduction
for salaried individuals
- Consolidated Children Education deductions
- Exemption limit hiked to Rs.15-20,000
Priorities of the Modi Govt-
- Higher allocation for Covid Vaccine Shots.
- Higher allocation of MGNREGA
Addressing the country previously of the Parliament’s Budget Session, Prime Minister Narendra Modi, while greeting, said the session would reflect India’s financial advancement to the world. “In today’s global situation, there are a lot of opportunities for India. This session instils confidence in the world regarding the country’s economic progress, vaccination program, and Made in India vaccines,” the PM added.