On the ninth day of the budget session in the Lok Sabha, Union Finance Minister Nirmala Sitharaman replied to the general discussion on the budget held during the last week.
Discussion on the budget will continue in Rajya Sabha today.
here are the latest updates,
Rajya Sabha | 11.12 am
“This country endured the highest inflation from 2010-2014”
Comparing inflation data from the US, Germany and the UK, Ms Sitharaman informed the House that “inflation management is an important task for finance ministries around the world,” adding that WPI inflation is now the benchmark for measuring inflation. Metric is not. So CPI is what we see, which RBI also sees.
Since 2014, PM Modi has ensured that we keep our inflation under control… and bring it back to within 6% every time. “Our management is strong,” she says.
“The highest inflation in this country was in 2010-2014 when retail inflation was over 9% in 22 out of 28 months”
Rajya Sabha | at 11.07 am
on MSME
Shifting her focus to the MSME sector, Ms Sitharaman listed out various monetary schemes and allocations being given to the sector in the light of the pandemic.
“It was mentioned that 67% of MSMEs were closed,” she says, but they failed to mention that 67% of MSMEs were temporarily closed. “Obviously if there’s a lockdown, won’t they stop,” she says, adding that they are currently using the credit guarantee scheme.
Rajya Sabha | 11.02 am
The Union Finance Minister responded to statements regarding funding for the health sector and subsidies to fertilizers. “We have ensured that the burden does not fall on the farmer,” she says.
Highlighting the increase of 6.6 times in the expenditure of Agriculture Department from 2013-14 on doubling of farmer’s income, he said.
Rajya Sabha | 10.56 am
Congress’s Shaktisinh Gohil raised the issue of use of unparliamentary language in front of the Deputy Speaker.
Rajya Sabha | 10.53 am
“Ghost accounts flooded in MNREGA”
Responding to the discussion on MGNREGA, Ms Sitharaman says, it was an act because of her, but I would like to say that the misuse of MGNREGA also happened because of her. This has stirred the opposition.
“Ghosts used to eat in MNREGA, they were also misused” (pointing to the opposition)
She says it is a demand-driven programme, aimed at providing employment during the inclement agricultural season. , Vijeta Singh
It is one thing to have a plan, it is one thing to abuse a plan, while what we are doing now is creating and using it in a correct and transparent manner, she says.
Rajya Sabha | 10.48 am
There was a question on the increase in the allocation of urban affairs, claiming that this increase is purely for Central Vista, says Ms Sitharaman, adding that the increase in the budget of the Ministry of Housing is not for Central Vista but for the PM Awas Yojana-Urban. is for- Vijeta Singh
Rajya Sabha | 10.45 am
on employment
She addresses the House of Unemployment. “A huge number that people picked up… 60 lakhs… what they missed out on is PLI,” she says.
For the PLI which is now being given for 14 sectors, we put the number at 60 lakh job creation for the PLI-driven sector, says Ms Sitharaman in response to the discussion on the Union Budget.
More than Rs 7 lakh crore is being spent on infrastructure, it will also create jobs, she adds. Vijeta Singh
Rajya Sabha | 10.42 am
The sources of calculation are different so you will get different numbers in Economic Survey and Union Budget
She says there was a small discussion on the data being given by the Economic Survey being different from the budget speech.
I just want to highlight that the Economic Survey draws its source from a particular set of data the government looks at the advance estimate which comes just before the budget. Advance estimates that could not have been factored into omicrons have been added, so there is some variation in the numbers, Ms Sitharaman adds.
The sources of calculation are different, so you will get different numbers in the Economic Survey and the Union Budget- Vijeta Singh
Rajya Sabha | 10.30 am
“We will end like 65 years of Congress”
If we don’t have a vision for the next 25 years, we will end like 65 years of Congress, when everything was made for a particular family, says Ms Sitharaman Vijeta Singh
Every other country suffered, but India suffered a lot, she says. Ms Sitharaman has listed the events of the country’s economy shrinking throughout history. She specifically highlights the period 2008-09. However, this (pandemic) crisis is a big one, and the damage to GDP is enormous, she adds.
“Our handling of inflation is that it’s only 6.2%,” she says, adding that “low crisis you can’t handle inflation, you took it to 9.1%”
Rajya Sabha | 10.20 am
Finance Minister Nirmala Sitharaman’s reply to the discussion on the Union Budget
Union Finance Minister Nirmala Sitharaman responds to discussion on Union Budget 2022-23
“We went for a budget that stands for sustainability,” she says, adding that it is a vision for “India at 100”.
She says that a stable and sustainable recovery was the motive for this budget. , Vijeta Singh
Ms Sitharaman highlighted in the Budget the importance of emphasizing digital technology in governance, which she says will aid transparency in governance beyond just making the process easier for the common man. She cites farmer drones as an example.
“Startups are being encouraged,” she says, adding the budget announces a high-level committee for more resources in India to fund startups- Vijeta Singh
Rajya Sabha | at 10.14 am
“Forward-Looking Budget”
KC Ramamurthy (BJP) continued the discussion on the budget “looking ahead”.
He says that Narendra Modi’s vision is to revive a pro-people economic policy, beyond the Left and Right bifurcation.
He says that by moving the budget presentation forward till February 1, Mr. Modi ended the colonial hangover.
He brings up the issue of crypto being an unregulated entity. “I therefore commend the finance minister for regulating crypto assets,” he says, asking the government to further regulate “misleading advertisements” on cryptocurrency.
Rajya Sabha | 10.04 am
General discussion on budget 2022-23 begins
Kanakamedla Ravindra Kumar (TDP) started the discussion on the Union Budget 2022-23. Demanding a probe into the mismanagement of borrowings and finances by the YSRCP government in the state of Andhra Pradesh, he says, “The future of the people of the state (AP) is gloomy.” He has sought the intervention of the Centre.
Rajya Sabha | 10.02 am
notice rejected
Deputy Chairman Harivansh says that the Chairman of Rajya Sabha has declined the notice of suspension of work presented by Member John Brittas (CPI-M) against UP CM Yogi Adityanath for his alleged statements against federalism and secularism. Vijeta Singh
Rajya Sabha | at 10.00 am
Rajya Sabha proceedings begin
Rajya Sabha proceedings begin
paper on table
Ale. Murugan makes a statement regarding the status of implementation of the recommendations contained in the Twenty Seventh Report of the Parliamentary Standing Committee on Demands for Grants (2021-22) on the Department of Agriculture.
Rajya Sabha
List of Business in Rajya Sabha (10.00 AM)
1. documents to be laid on the table
2. Minister’s statement
3. Further discussion on Union Budget 2022-23
4. question hour
Lok Sabha
List of Business in Lok Sabha (4.00 PM)
1. question hour
2. documents to be laid on the table
3. zero hour
4. private members business
5. Discussion on the points arising out of the reply given by the Minister of Rural Development on February 8, 2022 regarding ‘Beneficiaries under PMAY-G’
Day 9 Recap
The general discussion on the Union Budget 2022-23 continued in both the houses. In the Lok Sabha, Union Finance Minister Nirmala Sitharaman gave a counter-speech on the statements made by the members during the discussion.
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