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Parliament live updates: Lok Sabha passes the Aadhar & Other Laws (Amendment) Bill, 2019

The Economic survey includes the policy initiatives that the government will be taking and give a roadmap which it plans to follow to boost the economy.

By Zee Media Bureau | Last Updated: Thursday, July 4, 2019 - 18:13

The Economic Survey 2018-19 was presented by Finance Minister Nirmala Sitharaman in both the houses of Parliament, a day before she presents the Union Budget. The Survey expects that annual economic growth could accelerate to 7 percent in the 2019-20 fiscal year from an estimated 6.8 percent in the previous year.

The Economic survey includes the policy initiatives that the government will be taking and give a roadmap which it plans to follow to boost the economy.

The Budget that will be presented on Friday is the first budget of the Narendra Modi government after assuming office for the second time. 

4 July 2019, 18:13 PM

Lok Sabha passes the Aadhar & Other Laws (Amendment) Bill, 2019.

 

4 July 2019, 18:06 PM

Taking a swipe at AAP Lok Sabha MP Bhagwant Mann for his changing subject during Zero Hour, Lok Sabha speaker OM Birla on Thursday said that he is an "educated" speaker. When Mann stood up from his desk and started speaking about problems Indians face in Indian embassies based in foreign countries, Birla asked him to sit down."If you want to change the subject during Zero Hour, then you have to take my permission. You have given the subject of regarding ... `salaries of teachers in Punjab`. I am a padha-likha (educated) speaker," Speaker said.

4 July 2019, 18:05 PM

The Lok Sabha on Thursday began discussion on a bill that provides for voluntary use of Aadhaar number in physical or electronic form by authentication or offline verification with the consent of the individual. Moving The Aadhaar and Other Laws (Amendment) Bill, 2019 for consideration and passage in the House, Communications, Electronics and Information Technology Minister Ravi Shankar Prasad said the government has saved Rs 7.48 lakh crore in the past five years using direct benefit transfer. "We have saved money siphoned off by middleman. Aadhar has proved its usefulness," he said.

4 July 2019, 18:05 PM

Youngest Member of Parliament in the 17th Lok Sabha, 26-year old Chandrani Murmu of Biju Janata Dal (BJD) urged Centre to setup a steel plant in her constituency, Keonjhar in Odisha. Murmu, an engineering graduate was fielded in the recently held Lok Sabha polls by the BJD from Keonjhar against BJP`s Ananta Nayak.

4 July 2019, 18:04 PM

Union Minister Nitin Gadkari said that the Micro, Small and Medium Enterprises (MSMEs) sector would contribute 50 per cent to India`s GDP in the next five years and would create five crore addition jobs in the sector. Replying to supplementaries in Lok Sabha during Question Hour, the minister also rejected opposition`s objections to his tall claims, saying he is the one who fulfils all the promises he makes. "The target should always be high. Sometimes it is fulfilled and sometimes we fail to fulfil it. We have set a target to contribute 50 per cent to India`s GDP for the next five years. We have created 11 crore jobs and would now create over 15 crore jobs. We will create 5 crore additional jobs," he informed the Lower house.

4 July 2019, 15:04 PM

Prime Minister Narendra Modi on Thursday said that the Economic Survey outlines vision to achieve a $5 Trillion economy. "The #EconomicSurvey2019 outlines a vision to achieve a $5 Trillion economy. It also depicts the gains from advancement in the social sector, adoption of technology and energy security," he tweeted.

4 July 2019, 13:56 PM

Firms that over time grow large are significant contributors to employment and value. We need more focus on firms to reap economies of scale, rather than on firms which remain slow despite their age, says CEA

4 July 2019, 13:48 PM

As economy started going better, China started saving and investing more. India needs to learn from this and adopt a virtuous cycle, says CEA KV Subramanian

4 July 2019, 13:47 PM

In the next two decades, we will be able to avail the benefits of demographic change, which will enable us to grow in a sustained manner at 8 percent, says CEA

4 July 2019, 13:43 PM

Classical economics thinks of humans as robots; Economic Survey 2019 argues for an ambitious agenda for social change, treating humans as humans, relying on the lessons offered by Behavioural Economics, says CEA

4 July 2019, 13:27 PM

In an uncertain world, three key elements are necessary: a vision, a strategic blueprint to achieve the vision, and practical tools to recalibrate constantly to the strategic blueprint. The Prime Minister has laid out the vision and Economic Survey 2018 -19 lays out the strategic blueprint to achieve that vision along with the tactical tools to stay on the path of the strategic blueprint.

4 July 2019, 13:27 PM

The Economic Survey lays down the strategic blueprint for fructifying the Honourable Prime Minister’s vision of India becoming a $5 trillion economy by 2025 (#Economy@5trillion), says CEA

4 July 2019, 13:26 PM

Sky Blue cover of Survey reflects ‘ Blue sky thinking’- an unfettered approach for an appropriate economic model for India: CEA

4 July 2019, 13:26 PM

Chief Economic Adviser KV Subramanian starts press conference on Economic Survey 2018-19.

4 July 2019, 12:36 PM

Economic Survey 2019 calls for a need to reorient policies to promote young firms which have the potential to become big, rather than small MSME firms which remain small

4 July 2019, 12:36 PM

Key ingredients include a focus on policies that nourish MSMEs to create more jobs and become more productive, reduce the cost of capital, and rationalise the risk-return trade-off for investments #EconomicSurvey 2019.

4 July 2019, 12:35 PM

By presenting data as a public good, emphasizing legal reform, ensuring policy consistency, and encouraging behaviour change using principles of behavioural economics, the Survey aims to enable a self-sustaining virtuous cycle #EconomicSurvey 2019.

4 July 2019, 12:31 PM

India aims to grow into a USD 5 trillion economy by 2024-25, which will make India the third-largest economy in the world. Given 4 percent inflation, as the Monetary Policy Framework specified by the Government for the Reserve Bank of India, this requires real annual growth rate in GDP of 8 percent, says Survey

4 July 2019, 12:29 PM

4 July 2019, 12:28 PM

Economic Survey 2019 puts forex reserves at 412.9 billion USD for the fiscal 2018-19.

4 July 2019, 12:27 PM

Economic Survey 2019 highlights the immense potential of data of societal interest, says data should be "of the people, by the people, for the people".

4 July 2019, 12:27 PM

Demographic trends suggest need to prepare for ageing of the population; this necessitates more healthcare investment, increasing retirement age in a phased manner, says Survey

4 July 2019, 12:26 PM

4 July 2019, 12:13 PM

Economic Survey 2019 provisionally estimates 2.9 percent growth rate for the ariculture, forestry and fishing sector.

4 July 2019, 12:12 PM

Finance and Corporate Affairs Minister Nirmala Sitharaman tables the Economic Survey 2018-19 in Lok Sabha, an hour after it was presented in Rajya Sabha.

4 July 2019, 12:04 PM

The economic survey also says that India will face a challenge on the fiscal front following an economic slowdown impacting tax collections amid rising state expenditure on the farm sector.

4 July 2019, 12:02 PM

Several economic challenges in FY20. Slower growth will impact revenue generation, says Survey. Economic Survey sets FY21 fiscal deficit target at 3 percent.

4 July 2019, 12:02 PM

To achieve the objective of becoming a USD 5 trillion economy by 2024-25, as laid down by the Prime Minister, India needs to sustain a real GDP growth rate of 8%, says Survey.

4 July 2019, 11:55 AM

Chief Economic Adviser KV Subramanian will hold a press conference at 1.45 pm on Economic Survey 2018-19.

4 July 2019, 11:49 AM

General fiscal deficit seen at 5.8 percent in FY19 against 6.4 percent in FY18. January-March slowdown partly because of election-related uncertainty. Accommodative monetary policy to help cut real lending rates. Investment rate seems to have bottomed out, says Survey.

4 July 2019, 11:48 AM

Investment rate seen higher in FY20 on higher credit growth. Investment rate seems to have bottomed out. Decline in NPAs should push up CAPEX cycle. Oil prices seen declining, says Survey.

4 July 2019, 11:47 AM

The economic survey has predicated 7 percent GDP growth in FY20 on stable macro economic conditions. The Economic Survey has said that decline in the non-performing assets (NPAs) should help push the capital expenditure cycle.

4 July 2019, 11:37 AM

As per sources in news agency Reuters - Economic survey sees investment rate picking up in FY2020 on higher credit growth and improved demand; Economic Survey says lower global oil prices to boost consumption; conomic Survey says lower global growth, increased uncertainty over trade tension may hit exports; Economic Survey says 2019-20 GDP growth seen picking up on higher private investment and robust consumption;  Economic Survey says slow growth, GST, farm schemes to pose challenges on fiscal front; Economic Survey says rural wage growth that had bottomed out, started to rise since mid-2018.

4 July 2019, 11:35 AM

Finance Minister Nirmala Sitharaman has tabled the Economic Survey in Rajya Sabha. The Economic Survey will be tabled in Lok Sabha at 12 noon. Thereafter it will be available on the ministry's official website.

4 July 2019, 11:15 AM

Ahead of tabling the Economic Survey, Chief Economic Adviser Krishnamurthy Subramanian hoped that the results for the hard work that has been put in are good for the economy. "Our team has put in a lot of effort with a lot of dedication. I hope results are good, and we are able to contribute to the ideas for the economy. I hope the Almighty blesses us," he said while speaking to news agency ANI.

4 July 2019, 11:06 AM

Union Minister Dr Harsh Vardhan will move that the Bill further to amend the Indian Medical Council Act, 1956, as passed by Lok Sabha, be taken into consideration.

4 July 2019, 11:05 AM

BJP Rajya Sabha MP RK Sinha will call the attention of the Minister of Social Justice and Empowerment to the situation arising out of the reports of increasing drug addiction among school children in various parts of the country.

4 July 2019, 11:04 AM

In Rajya Sabha, Union Minister Piyush Goyal will move the motion to elect one Member from amongst the Members of the House, to be a member of the Agricultural and Processed Food Products Export Development Authority. The motion reads: "That in pursuance of clause (d) of sub-section (4) of Section 4 of the Agricultural and Processed Food Products Export Development Authority Act, 1985 (No.2 of 1986), read with Rule 3 of the Agricultural and Processed Food Products Export Development Authority Rules, 1986, this House do proceed to elect, in such manner as the Chairman may direct, one Member from amongst the Members of the House, to be a member of the Agricultural and Processed Food Products Export Development Authority."

4 July 2019, 11:02 AM

NK Premachandran, Adhir Ranjan Chowdhury, Shashi Tharoor and Saugata Roy will move the resolution in Lok Sabha, "That this House disapproves of the Aadhaar and Other Laws (Amendment) Ordinance, 2019 (No. 9 of 2019) promulgated by the President on 2 March, 2019."

4 July 2019, 11:01 AM

In Lok Sabha today, Nirmala Sitharaman will make a statement regarding Medium of examination for direct recruitment to certain levels in Regional Rural Banks.

Also, Union Minister Ravi Shankar Prasad will move that the Bill to amend the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 and further to amend the Indian Telegraph Act, 1885 and the Prevention of Money-laundering Act, 2002, be taken into consideration. He will also move that the Bill be passed.

4 July 2019, 10:12 AM

Samajwadi Party MP Surendra Singh Nagar has given Zero Hour Notice in Rajya Sabha over "deteriorating condition of farmers in the country". BJP MP Mahesh Poddar has given Zero hour Notice in Rajya Sabha over ban on hand-pulled rickshaw in Kolkata. YSRCP leader V Vijaya Sai Reddy has given Zero Hour Notice in Rajya Sabha and has demanded that a central team be sent to Andhra Pradesh in the light of severe drought there.

4 July 2019, 10:11 AM

For the Zero Hour, Trinamool MP Manish Gupta has given a notice in Rajya Sabha over "delay by Centre to rename West Bengal as Bangla, after the State Assembly has passed the same." TMC MP Shanta Chhetri has also given a Zero Hour Notice in Rajya Sabha over shifting of Gorkha Recruitment depot and Gorkha Record office from Darjeeling.

 

4 July 2019, 10:05 AM

Copies of the Economic Survey have been brought to Parliament. As per an IANS report, the Economic Survey is likely to come up with ideas with regard to the revival of overall growth in agriculture, manufacturing, and exports, on infrastructure, as well as NPAs including bank recaps, employment and capital market and public debt.