The budget session of Parliament has begun. The budget session began with President Ram Nath Kovind's address to both the houses in the Central Hall. During his address, the President mentioned the work done by the government. After this Nirmala Sitharaman presented the Economic Survey. In the Economic Survey, the government has projected a growth rate of 8 to 8.5% for the financial year 2023. The Economic Survey said that the economy is expected to grow by 9.2 percent in the current financial year. This is in line with the first advance estimates released earlier this month. This projection is based on the assumption that there will be no further pandemics and no economic disruption.
It is known that the Economic Survey is presented before the budget. The first Economic Survey of India was presented in 1950-51. Initially, it was presented along with the budget till the year 1964 but later it was introduced separately.
Chief Economic Advisor will talk to the media
Chief Economic Adviser (CEA) Dr. V Anantha Nageswaran will talk to the press today i.e. on January 31 at 3.45 pm in New Delhi. Just days before the presentation of the Economic Survey, government-appointed economist V Anantha Nageswaran was appointed as the new CEA. Nageswaran, an academic and former executive with Credit Suisse Group AG and Julius Baer Group, will replace KV Subramaniam, who stepped down as CEA in December 2021 after completing his three-year term.
The Economic Survey for 2021-22 forecast growth of around 9% for the next financial year, as Asia's third-largest economy, shows signs of recovery from the pandemic.
First President's address, know the main things
He said that one lakh eighty thousand crore rupees have been given to more than 11 crore farmer families through the Pradhan Mantri Kisan Samman Nidhi. With this investment, big changes are visible in the agriculture sector today.
Due to the policies of my government, today India is one of the countries where the cost of the internet is the lowest, and the cost of smartphones is also the lowest. The young generation of India is getting huge benefits from this.
The President said that our start-up ecosystem is an example of the infinite new possibilities that are rapidly taking shape under the leadership of our youth.
Local languages are being promoted through the National Policy on Education. Emphasis is being laid on conducting important entrance examinations for undergraduate courses in Indian languages as well. This year, teaching in 6 Indian languages is starting in 19 engineering colleges in 10 states.
My government is also running the Pradhan Mantri Svanidhi Yojana to benefit the street vendors. So far, 28 lakh street vendors have received financial assistance of more than Rs 2900 crore. The government is now linking these vendors with online companies: President Ram Nath Kovind
We can see the impact of the way my government-linked Jan Dhan-Aadhaar-Mobile, Jam Trinity with citizen empowerment. By connecting over 44 crore poor citizens to the banking system, crores of beneficiaries got the benefit of direct cash transfer during the pandemic: President
To ensure that no one returns home hungry, my government distributes free ration to the poor every month under PM Garib Kalyan Yojana. Today India is running the largest food distribution program in the world; It has been extended till March 2022: President Ram Nath Kovind
Dr. BR Ambedkar had said that his ideal society would be based on liberty, equality, and harmony. Democracy is not just a form of government, the basis of democracy is a sense of respect for the people. My government considers the ideals of Babasaheb as its guiding principle: President Kovind
Many people lost their lives due to COVID. Even in such circumstances our Centre, states, doctors, nurses, scientists, our health workers worked as a team, I am grateful to our health care and frontline workers: President Ram Nath Kovind
India's potential in the fight against COVID 19 was evident in the vaccination program. In less than a year, we have created a record of delivering more than 150 crore vaccine doses. Today, we are one of the leading countries in the world in terms of maximum dosage: President
My government has introduced a bill to raise the minimum age of marriage for women from 18 years to 21 years, giving equal status to sons and daughters: President Ram Nath Kovind
Local languages are being promoted as part of the National Education Policy, with emphasis on conducting important entrance exams in Indian languages. 19 engineering colleges in 10 states to teach in 6 Indian languages this year: President Ram Nath Kovind
Women empowerment is one of the top priorities of my government. We are witness to the success of Ujjwala Yojana. Entrepreneurship and skills of women have been promoted through Mudra Yojana. 'Beti Bachao, Beti Padhao' has yielded many positive results: President
It is a matter of happiness that all the 33 Sainik Schools have now started admitting girls as well. The government has also approved the admission of women cadets in the National Defense Academy (NDA). The first batch of women cadets will join NDA in June 2022: President Kovind
By declaring triple talaq as a crime, the government is moving in the direction of getting rid of malpractices. The government has also lifted the ban on Muslim women to go for Haj accompanied by Mehram (male-guardian): President Ram Nath Kovind
The Central Government - along with the State Governments - in setting up hundreds of Khelo India Centers to strengthen India's presence in Olympic and sports activities: President Ram Nath Kovind
We saw the potential of India's youth power in the Tokyo Olympics. India won 7 medals in its best-ever performance. In Tokyo Paralympics too, India won 19 medals and set a record: President
The government believes in the core mantra of 'Antyodaya', which is social justice, equality, respect, and equal opportunities. Citizens across the country are benefiting immensely from schemes like PM Awas Yojana, PM Swanidhi, Har Ghar Jal, and PM Swamitva.
My government is also running the Pradhan Mantri Svanidhi Yojana to benefit the street vendors. So far, 28 lakh street vendors have received financial assistance of more than Rs 2900 crore. The government is now linking these vendors with online companies.
We can see the impact of the way my government-linked Jan Dhan-Aadhaar-Mobile, Jam Trinity with citizen empowerment. Crores of beneficiaries benefited from direct cash transfers during the pandemic, connecting over 44 crore poor citizens to the banking system.
The pace of growth in the country's manufacturing sector continued in February with new orders an
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