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• Both the Houses of Parliament were adjourned till February 1, after President Ram Nath Kovind ’s address and tabling of the Economic Survey.
• The Budget will be presented on Thursday.
• Addressing a joint sitting of both houses at the beginning of the Budget session, the President said, the government is making all out efforts for economic, social and educational empowerment of the minorities and is committed to their empowerment without appeasement.
“‘तुष्टीकरण नहीीं सशक्ततकरण’ के सींकल्प के साथ, मेरी सरकार अल्पसींख्यकों के आर्थिक, सामाक्िक और शैक्षणणक सशक्ततकरण की दिशा मेंमिबूती से काम कर रही है। ‘सीखो और कमाओ’; ‘उस्ताि’; ‘गरीब नवाि कौशल ववकास योिना’; ‘नई रोशनी’ आदि कायक्रि मों के िररए मुक्स्लम, ईसाई, ससख, बौद्ध, पारसी एवीं िनै समाि के य
ुवाओीं को रोिगार के अवसर प्रिान ककए गए हैं।”
President
• The President said, Centre is committed to protecting the rights of Muslim women and expressed hope that the Triple Talaq Bill will be passed by Parliament soon. He asserted that the present regime is working for the welfare of the backward and weaker communities.
“समाि के प्रत्येक कमिोर एवीं वींर्ित वगि का उत्थान एवीं सम्मान मेरी सरकार की प्राथसमकता है। समाि के प्रत्येक वगि की आकाींक्षाओीं के प्रतत सींवेिनशील मेरी सरकार ने ‘राष्रीय वपछडा वगि आयोग’ को सींवैधातनक ििाि िेने के सलए सींववधान सींशोधन ववधेयक पेश ककया है। वपछडे वगि मेंभी, अतत वपछडों को उच्ि सशक्षा और तनयु
क्ततयों का लाभ सु लभ कराने के सलए वपछडे वगि के उपश्रेणीकरण के अध्ययन हेतु आयोग का गठन ककया गया है।“
• Mr Kovind said, the government is committed to doubling the income of farmers by the year 2022.
“ककसानों की म ुक्ककलों का समाधान करना और उनके िीवन स्तर को ऊपर उठाना, मेरी सरकार की उच्ि प्राथसमकता है। मेरी सरकार की योिनाएीं न केवल ककसानों की र्ितीं ा कम कर रही हैंबक्ल्क खेती पर होने वाले उनके खिि को भी घटा रही हैं।
सरकार की नीततयों और ककसानों की कडी मेहनत का ही पररणाम हैकक िेश में275 समसलयन टन से ज्यािा खाद्यान्न और लगभग 300 समसलयन टन फलों-सक्जियों का ररकॉर्ि उत्पािन हुआ है।”
President
• The President said, farmers are being provided affordable and simple crop insurance services under the Pradhan Mantri Fasal Bima Yojana and during 2017, under Rabi and Kharif crops, 5.71 crore farmers were provided protective coverage.
• Mr. Kovind said, as compared to 2014 when only 56 per cent of the villages had road connectivity, now more than 82 per cent villages mostly in far flung and inaccessible areas have been connected by roads.
• On simultaneous this elections of Lok Sabha and Legislative Assemblies, Mr Kovind said, a sustained debate is required on the subject of simultaneous elections and all political parties need to arrive at a consensus on this issue.
President
इसमेंगवनेंस के प्रतत सिग लोगों मेंिेश के ककसी न ककसी दहसस् े मेंलगातार हो रहे िुनाव से अथवि य् वसथा और ववकास पर ्पडने वाले ववपरीत प्रभाव को लेकर र्िींता है। बार-बार िुनाव होने से मानव सींसाधन पर बोझ तो पडता ही है। आिार सींदहता लाग ूहोने से िेश की ववकास प्रकक्रया भी बार्धत होती है। इससलए एक साथ िुनाव कराने के ववषय पर ििाि और सींवाि बढ़ना िादहए तथा सभी रािनीततक िलों के बीि सहमतत बनाई िानी िादहए।”
• Mr Kovind said, the government’s fight against corruption is continuing and in the last one year, registration of about 3.5 lakh suspicious companies have been cancelled.
President
• Prime Minister Narendra Modi has appealed to political parties to support
the passage of Triple Talaq Bill.
• Stating that the bill will empower Muslim women, he said, there should
be no politics on it.
• Mr Modi was talking to media outside Parliament before the beginning of
the budget session today.
“वपछले सत्र मेंसु प्रीम कोटि के आिेश के बावि ूि भी तीन तलाक सीं सि मेंहम पाररत नहीीं करवा पाये। मैंआशा करता हूीं और मैंिेश के सभी रािनीततक िलों कोववनम्र आग्रह करता हूीं कक इस सत्र मेंतीन तलाक मदहलाओीं के, ववशेष करकेमुक्स्लम मदहलाओीं के हक की रक्षा करने वाले इस तनणयि को हम सब पाररत करें।”
Prime Minister
• The Prime Minister said, the budget session is important and everyone
should participate in the debates and discussions.
• He said, the budget will fulfil the aspirations of common people and give
a new energy to country’s development.
• He said, world is optimistic about India’s economic growth and credit
rating agencies are giving positive response to India’s growth.
Prime Minister
• Economic Survey 2017-18 has predicted the growth rate of 7 to 7.5 per
cent in the Gross Domestic Product in 2018-19.
• The Survey was tabled by Finance Minister Arun Jaitley in Parliament
today.
• It says that a series of major reforms undertaken over the past year will
allow real GDP growth to reach 6.75 percent this fiscal and will rise to
7.0 to 7.5 per cent in 2018-19.
• It said, the employment, education and agriculture will be the focus
areas in the mid-term.
Finance Ministry
• Agriculture is expected to grow at the rate of 2.1 per cent, industry at
4.4 per cent, and services sector at 8.3 per cent in 2017-18.
• The survey also adds that after remaining in negative territory for a
couple of years, growth of exports rebounded into positive one during
2016-17 and is expected to grow faster in the current fiscal.
• It said, with world growth likely to witness moderate improvement in
2018, expectation of greater stability in GST, likely recovery in
investment levels, and ongoing structural reforms, among others, should
be supporting higher growth.
Finance Ministry
• It said, post introduction of GST regime, there has been a 50 per cent increase in the number of indirect taxpayers.
• It said, India must continue improving the climate for rapid economic growth on the strength of the only two truly sustainable engines-private investment and exports.
“The Survey is optimistic in its tone because of government’s commitment to carry forward structural reforms like GST, deregulation measures, bank re-capitalization and resolution. It said government has undertaken a number of reforms to ensure that India remains an attractive investment destination.
These reforms include National Intellectual Property Rights policy, GST implementation, and reforms for ease of doing business. The Survey also expressed concern over air pollution in Delhi with the onset of winter due to various factors and suggested coordination between agencies and Central and State Governments to address each source problem systematically. The pink cover of this year’s Economic Survey was chosen as a symbol of support for ending violence against women. It recommended that India must confront the societal meta-preference for a son, and observed that the adverse sex ratio of females to males has led to 63 million ‘missing’ women.
Finance Ministry
• Arvind Subramanian today said implementing GST and responding quickly to transitional challenges are among the major achievements of the government in the past year.
• Giving highlights of the Economic Survey, Mr Subramanian in a series of tweets said, there has been an increase in new tax filers of about 18 lakh and some boost to individual income tax collections post-demonetization and GST.
• The Chief Economic Adviser listed providing support to agriculture, stabilizing GST, privatizing Air-India among the policy agenda for the coming year.
• Mr Subramanian said, there are robust and broad-based signs of revival in economic activity.
Chief Economic Advisor
• The Chairman of the Economic Advisory Council to the Prime Minister Dr. Bibek Debroy has said, the Economic Survey is a reflection of Government’s commitment to growth and development.
• Highlighting the optimistic outlook of the economy reflected by the Economic Survey, he said, the emphasis on women’s empowerment is a welcome step.
• Dr. Debroy endorsed the pick-up in growth highlighted in the Survey and was of the view that in 2018-19 the real GDP growth rate is likely to be closer to 7.5 per cent rather than 7 per cent.
Economic Advisory Council
• NITI Aayog Vice Chairman, Rajiv Kumar has said, the country’s GDP growth is expected to be around 8 to 8.5 per cent in 2018-19 and what has been predicted by the Economic Survey is underestimate.
• Talking to media in New Delhi, Mr Kumar said, the investment cycle has picked up and will increase further.
NITI Aayog
• FICCI President Rashesh Shah has said that India has seen major structural reforms in 2017-18 such as GST, Insolvency Code and bank recapitalization.
• He said, it will boost the economy in the coming years.
• On Economic Survey, Mr Shah said, the economy will start reaping benefits of these reforms in the next fiscal year and he looks forward to continuity in the reforms process displayed by the government.
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