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Budget Session 2017 : President Mukherjee addresses joint session of Parliament

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New Delhi, January 31: The Budget Session of Parliament has begun with President Pranab Mukherjee addressing a joint session of Parliament on Tuesday.

Chief Economic Advisor Arvind Subramanian will table the Economic Survey for 2016-17 in Parliament today while Finance Minister Arun Jaitley would table the Union Budget 2017 on February 1.

Economic Survey would present pre-budget pointers for Budget. Being the annual document of the Ministry of Finance, it would summarise and review the performance and initiatives of the government. The Economic Survey highlights prospects of the economy in the short to medium term.

This is for the first time that Union Budget will be presented on February 1 instead of the usual February 28. Also, for the first time, there will be no separate Rail Budget from this financial year.

Highlights:

President’s Address:

President on Terrorism:

  • India has been facing grave challenge of terrorism, threat to global community.
  • My Government is committed to combat terrorism, and ensure that perpetrators of these acts are brought to justice.
  • Jammu and Kashmir affected by terrorism sponsored and supported from across the border.

  • My Government is thankful to the GST council for working to resolve the outstanding issues.
  • Bill tabled in Tamil Nadu assembly to make MBBS & BDS course admissions in TN to continue on basis of marks obtained in higher secondary exams.
  • My Government welcomes constructive debate on simultaneous conduct of elections to Lok Sabha and state legislative assemblies.

President on Surgical Strike:

  • Our defence forces successfully conducted surgical strike to prevent infiltration by terrorists.
  • We are proud of the forces, and the exemplary courage and valour displayed by them.

President on OROP, four decade old demand of #OROP has been fulfilled.

President on rail route:

  • There will be a rail route to neighbouring countries for connectivity with our South Asian neighbours, he says. “To increase the focus on the North-east, the Railways has undertaken major expansion at a cost of Rs.10,000 crore. Arunachal Pradesh and Meghalaya have benefited, and broad gauge tracks are being laid.”
  • “All rural habitations will be linked with all-weather roads, and there will be air connectivity for small towns.”

  • To combat the evils of black money, corruption and terror financing, my government took a decision in November, 2016 to demonetise Rs 500, 1000 notes.
  • My Government has taken bold decisions in the interests for the poor.

President Mukherjee on Rio Olympics winner:

  • PV Sindhu, Sakshi Malik, Deepa illustrate the strength of our women.

President on employment:

  • My Government is making ‘naari shakti’ an integral part of our development journey, they deserve equal opportunities.

President on Farmers:

  • My Government has taken various steps to transform the lives of our farmers.
  • Soaring prices of pulses were matter of great concern around this time last year, my Government took proactive steps, it’s now under control.

President on Government policies: 

  • Over Rs 2 Lakh Crore has been provided through 5.6 crore loans sanctioned under Pradhan Mantri Mudra Yojana.
  • Under Deen Dayal Antyodaya Yojana, over Rs. 16000 crores have been made available to SHGs in the current Financial Year.
  • My Government has taken many initiatives to improve the quality of life of the poor, committed to providing shelter.
  • The government committed to growth, ‘sabka saath sabka vikaas’. Voluntary giving up of LPG subsidy has helped the poor.
  • At the core of all my Government policies, is the welfare of ‘gareeb’, ‘peedit’, ‘Dalit’, ‘vanchhit’.

President on Black Money: 

  • Resilience demonstrated by our countrymen particularly the poor, in the fight against black money and corruption, is remarkable.
  • This is a historic session heralding advancement of the budget cycle and merger of general budget with rail budget for the first time.
  • The budget session of Parliament begins with President Pranab Mukherjee’s address to members of both the houses.

I appeal all political parties to participate in discussion and allow the House work smoothly: PM Modi

The government wants a meaningful discussion on every issue. Hope this session is fruitful: PM Modi

Prime Minister Narendra Modi reaches Parliament.

Government ready to discuss every issue. We have nothing to hide, worry about or fear: Naidu

I hope all political parties understand the importance of Budget Session and participate in meaningful and constructive manner, says Venkaiah Naidu, Minister of Parliamentary Affairs.

Wefornews Bureau

 

Business

Govt to levy interest on late payment to MSMEs for GeM purchase

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Nirmala Sitharaman

New Delhi, July 3 : Government departments and agencies will have to pay interest on late payment to vendors, largely MSMEs, for products procured through the Government e-Martketplace (GeM), starting October 1.

Through an office memorandum, the Department of Expenditure of the Ministry of Finance on Friday said that if the payment is not made within 10 days of the Consignee Receipt and Acceptance Certificate (CRAC) being auto generated or issued by the buyer, the concerned department will have to pay interest at the rate of one per cent per month for the delayed payment.

However, this very interest will not go to the MSMEs concerned and instead, will deposited in an account maintained by the GeM, which will be used only for the education of buyers and sellers or public procurement with the prior approval of the Department of Expenditure, said the office memorandum.

“ln order to promote greater discipline and timeliness in payment to vendors, especially #MSMEs, the government has issued an order to levy interest on late payment to vendors on the government e-marketplace. #AatmaNirbharBharat,” said a tweet by Finance Minister Nirmala Sitharaman”s office.

The order will be effective on orders made from October 1, 2020.

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Tomato prices skyrocket to Rs 70/kg in Delhi-NCR

He attributed the hike in the prices of all vegetables and fruits, not only tomatoes, due to the increase in diesel prices, which led to an increase in the transportation cost of vegetables.

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Tomato

New Delhi, July 3 : With the onset of the monsoon tomato prices soared to Rs 70 per kg in New Delhi and its surrounding areas on Friday.

Crop failure in the rainy season and the late arrival of tomatoes in the mandis (wholesale markets) have led to the price hike. However, the prices are expected to fall after the arrival of the new crop from Himachal Pradesh next week.

A month ago, the price of tomatoes in Delhi’s Azadpur mandi was between Rs 1.25 and Rs 4.75 per kg, while the wholesale price on Friday was Rs 6.44 per kg.

The model rate of tomato was Rs 3 per kg in Azadpur mandi on June 3, which has increased by 10 times to Rs 29 per kg. On July 2, the wholesale price of tomatoes rose to Rs 52 per kg in the mandi, which means there has been an increase of about 995% in the last one month. Due to the rise in wholesale prices, tomatoes were sold at Rs 80 per kg on Thursday in Delhi-NCR and Rs 50.70 per kg in Greater Noida.

Azadpur Agricultural Produce Marketing Committee (APMC) chairman Adil Ahmad Khan said prices have gone up due to late arrival of tomatoes. The quantity of tomatoes received at Azadpur mandi was 528.2 tonne on June 3 while on July 3 it was 281.6 tonne. The quantity has thus been reduced by nearly 50 per cent in a month. Only 241.9 tonne were received on July 2 due to which the wholesale price was Rs 6.52 per kg while the model rate was Rs 32 per kg, Khan added.

He attributed the hike in the prices of all vegetables and fruits, not only tomatoes, due to the increase in diesel prices, which led to an increase in the transportation cost of vegetables.

From next week, the arrival of the new crop from Himachal Pradesh will lead to a decline in the prices of tomatoes. He said at present 90 per cent of the tomatoes in Delhi arrive from Himachal Pradesh while only 10 per cent are received from Haryana and Karnataka.

The consumption of all green vegetables, tomatoes and onions has declined during the past few months because of the shutdown of hotels, restaurants, canteens and dhabas following the nationwide lockdown in the wake of the corona pandemic. This led to a marked fall in prices. The wholesale price of tomatoes had come down to less than one rupee per kg.

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JioMeet takes on Zoom, can support up to 100 participants

JioMeet offers unlimited meetings per day and each meeting can go uninterrupted up to 24 hours.

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JioMeet

New Delhi, July 2 : Amid growing calls for ”Made in India” digital tools, Reliance Jio has launched a free video-conferencing application called JioMeet, taking on US-based Zoom platform.

According to the JioMeet description on Google Play Store, the application can be used for 1:1 video calls and hosting meetings with up to 100 participants with enterprise-grade host controls.

Other highlights include easy sign up with either mobile number or email ID, meeting in HD audio and video quality.

The application can be used for creating instant meetings to chat with friends and also to schedule a meeting in advance and share meeting details with invitees.

JioMeet offers unlimited meetings per day and each meeting can go uninterrupted up to 24 hours.

The application can be used on Android, Windows, iOS, Mac, SIP/H.323 systems.

JioMeet has already been downloaded for over 10,000 times from Google Play Store.

Each meeting is password protected and the host can enable a “Waiting Room” to ensure no participant joins without permission, JioMeet said.

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