9 years ago
New Delhi:
The Economic Survey tabled on the first day of the budget session in Parliament, expects GDP or gross domestic product growth to accelerate between 7 per cent and 7.5 per cent in the coming fiscal year, starting April 1, 2018. Soon after the report was tabled, Lok Sabha was adjourned till Thursday. Later, Rajya Sabha was also adjourned. The budget session started off with President Ramnath Kovind addressing a joint-sitting of both the houses of the parliament. In his speech, the President said the country has been able to achieve economic growth despite slowdown in the global economy. Highlighting the achievements of the government, President Kovind said India's forex reserves have surpassed $ 410 billion.
"Government is committed to doubling of farmers' income by 2022. To ensure remunerative price to farmers for their produce, the agriculture mandis are being connected online. So far, agricultural commodities valued at about 36,000 crore have been traded on e-NAM portal," he said. He noted that as a result of government s policies and the hardwork of farmers, a record production of more than 275 million tonnes of food grain and about 300 million tonnes of horticultural produce have been achieved in the country. Prime Minister Narendra Modi, Union Ministers, Deputy Speaker M Thambidurai, opposition leaders Mallikarjun Kharge, Mulayam Singh Yadav, Sudip Bandopadhyay and Farooq Abdullah were among others present in the House.
The House will meet on February 1 when the general budget for 2018-19 will be presented by the finance minister. Before the House was assembled, the prime minister, accompanied by Parliamentary Affairs Minister Ananth Kumar, went to the opposition benches and greeted the leaders. PM Modi also greeted the members of the treasury benches before the House assembled as well as after it was adjourned for the day. The session is likely to conclude on April 6, with 31 sittings spread over 68 days. Parliament will be adjourned for a recess on February 9 and reassemble on March 5.
"Government is committed to doubling of farmers' income by 2022. To ensure remunerative price to farmers for their produce, the agriculture mandis are being connected online. So far, agricultural commodities valued at about 36,000 crore have been traded on e-NAM portal," he said. He noted that as a result of government s policies and the hardwork of farmers, a record production of more than 275 million tonnes of food grain and about 300 million tonnes of horticultural produce have been achieved in the country. Prime Minister Narendra Modi, Union Ministers, Deputy Speaker M Thambidurai, opposition leaders Mallikarjun Kharge, Mulayam Singh Yadav, Sudip Bandopadhyay and Farooq Abdullah were among others present in the House.
The House will meet on February 1 when the general budget for 2018-19 will be presented by the finance minister. Before the House was assembled, the prime minister, accompanied by Parliamentary Affairs Minister Ananth Kumar, went to the opposition benches and greeted the leaders. PM Modi also greeted the members of the treasury benches before the House assembled as well as after it was adjourned for the day. The session is likely to conclude on April 6, with 31 sittings spread over 68 days. Parliament will be adjourned for a recess on February 9 and reassemble on March 5.
Here are the Highlights of the day 1 of budget session:
Jan 29, 2018 13:46 (IST)
The President's Address: Farmers, Jobs, Women On Government's Agenda
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Budget 2018: Economic Survey Sees GDP Growth Accelerating To 7-7.5% In 2018-19
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PM Narendra Modi's Push For Triple Talaq Ahead Of Budget Session, "For Muslim Women"
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Parliament Budget Session Starts Today, Centre Outlines Targets: 10 Facts
Jan 29, 2018 09:15 (IST)
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Will Do Everything To Pass "Triple Talaq" Bill In Budget Session: Centre
Jan 29, 2018 08:54 (IST)
Arun Jaitley To Present Economic Survey 2018 Today. Five Things To Know
Jan 29, 2018 08:45 (IST)
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US Inc Urges Arun Jaitley To Reduce Tax Uncertainty For MNCs
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With Elections Lined Up, What We Can Expect In This Year's Budget
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