Finance Minister Nirmala Sitharaman said that overall, sharp rebound and recovery of the economy is reflective of our country's strong resilience. India's economic growth in the current year is estimated to be 9.2 per cent, the highest among all large economies.
Mukesh Aghi, president, US India Strategic and Partnership Forum (USISPF) said the American companies have high expectations from what Sitharaman would present in her fourth annual budget on Tuesday.
It revealed that the number of unsold residential units have also witnessed significant drops during the second wave of the pandemic.
A consensus had emerged at the meeting for "progressive and forward-looking" steps while ensuring that an unregulated crypto market does not become an avenue of "money laundering and terror financing".
While earnings from goods carried stood at Rs 11,5738.4 crore, passengers earnings stood at Rs 15,248 crore.
As per the provisional estimates released in May 2021, the GDP had contracted by 7.3 per cent during 2020-21 on account of the outbreak of COVID-19 and subsequent nationwide lockdown to contain the pandemic.
Shristi Infrastructure Development Corporation CMO Abhishek Bhardwaj said there is demand in the industry to redefine affordable housing.
India's commitments to the ambitious targets were announced by Prime Minister Narendra Modi at the 26th climate summit held in Glasgow last year.
Ahead of the Union Budget 2022-2023, let's take a look at what different business sectors are hoping for from the Modi government.
The government earlier this month handed over ownership rights in national carrier Air India to Tata Group for Rs 18,000 crore. The amount includes the takeover of the debt burden of Rs 15,300 crore and another Rs 2,700 crore in cash.
The Indian economy is estimated to grow by 9.2 percent in real terms in 2021-22 (as per first advanced estimates) subsequent to a contraction of 7.3 percent in 2020-21, according to Economic Survey 2022.
The country crossed the milestone of administrating more than 156 crore doses of vaccines on January 16, 2022.
President Kovind said a new airport is being set up at Hollongi near Itanagar, and a modern new terminal has recently been opened at the the Maharaja Bir Bikram airport in Tripura.
The President also congratulated the farmers, especially the 80 crore small land holding farmers who helped grow over 30 crore tonnes of food grains and over 33 crore tonnes of horticulture despite the pandemic. He also said, his government continued to help the farmers with minimum support price (MSP) buying Kharif and Rabi crops.
Addressing the joint session of Parliament, Kovind said that the government through the 'Startups Intellectual Property Protection Programme' has simplified and accelerated the processes related to patents and trademarks.
The Economic Survey 2021-22, details the state of different sectors of the economy as well as reforms that should be undertaken to accelerate growth.
Due to surge in Covid Omicron cases, the demand for air travel was slashed, forcing airlines to rework their domestic schedules - and even cancel flights.
The Rail Budget this year will focus on making long-distance travel comfortable, densening the railway network in the poll-bound states and enhancing the connectivity in metro cities as well as the Northeast region.
Parliament Budget Session: President Ram Nath Kovind said that India is emerging as one of fastest growing economies due to the government's relentless efforts.
On the first day on Monday, the President will address the Members of both the Houses after which copies of his address will be laid on the Table.
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