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.
While earnings from goods carried stood at Rs 11,5738.4 crore, passengers earnings stood at Rs 15,248 crore.
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.
Kovind said the Sindhu Infrastructure Development Corporation has been set up to accelerate infrastructure and economic development in the Union Territory of Ladakh. Another chapter in this development journey of Ladakh is being added in the form of Sindhu Central University, he added.
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.
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.
President Ram Nath Kovind addressed the Parliament on Monday to mark the beginning of 2022 Union Budget session. Listen to his full speech.
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.
Various brokerage houses internationally have anticipated that there could be as many as 4-5 rate hikes in 2022.
While Indian corporates are expecting some key announcements which will enable them to reset their growth agenda, individual taxpayers are expecting some more disposable income in their hands to invest and consume more.
The fintech industry and experts have urged Finance Minister Nirmala Sitharaman to lower the TDS rates, saying such a move would free the capital for the sector without any impact on the government's revenue.
Earlier this month, Power and New & Renewable Energy Minister RK Singh had indicated that a green hydrogen policy will be unveiled in Feb which would feature many incentives to boost green hydrogen in the country.
As per the statement, of the rules of procedure and conduct of business lists the members of Rajya Sabha should "acknowledge their responsibility to maintain the public trust reposed in them and should work diligently to discharge their mandate for the common good of the people."
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