The Budget session of Parliament began today with President Ramnath Kovind’s address. This budget is vital for this government as there are two years left for the Narendra Modi government’s tenure. The issues that are likely to be raised in this year’s budget session are going to be the Pegasus snooping row, farmers’ issues, and India’s border row with China.

Pegasus is back in the headlines after The New York Times did an exhaustive report which said Israeli spyware Pegasus and a missile system were the centrepieces of a USD 2 billion deal of sophisticated weapons and intelligence gear between India and Israel in 2017.

Budget 2022 Live Updates:

India needs to spend $1.4 trillion to achieve $5 trillion economy goal by 2024-25, says Economic Survey

According to Economic Survey, India needs to spend around $1.4 trillion to achieve the $5 trillion economy goal by 2024-25. It was mentioned that keeping this object in view, National Infrastructure Pipeline (NIP) was launched with a projected infrastructure investment of around Rs. 111 lakh crore (US$ 1.5 trillion) during FY 2020-2025 to provide world-class infrastructure across the country, and improve the quality of life for all citizens.

Rajya Sabha adjourned for the day

Finance Minister Nirmala Sitharaman tables Economic Survey 2021-22 in Rajya Sabha. After this, the Rajya Sabha was adjourned for the day. Now, the Economic Survey will be tabled before the public.

Inflation, crude oil price went up in 2021, says Economic Survey

• According to the Economic Survey, global inflation went up as the economies opened up in 2021.

• Apart from this, Crude oil prices also went high due to the increase in demand from recovering economies and supply cuts by the Organization of the Petroleum Exporting Countries and its allies.

Finance Minister tables Economic Survey 2022

Finance Minister Nirmala Sitharaman tables Economic Survey 2022.

The Economic Survey 2022 will be tabled before the public after it is tabled before Rajya Sabha at 3.30 pm.

Key Highlights of Economic Survey 2022:

• India’s Financial Year 2022 growth seen at 9.2 per cent.

GDP growth for Financial Year 2023 has been projected at 8 per cent to 8.5 per cent.

Congress moves privilege motion over Pegasus snooping row

Congress Lok Sabha leader Adhir Ranjan Chowdhury said that they have moved the privilege motion in the House over Pegasus snooping row. He further said that this government is misleading the House, Supreme Court, and the people. He further said that being the opposition, it’s their responsibility to raise this issue. However, the Centre is trying to spread lies about it.

President Ramnath Kovind’s virtual address from Rashtrapati Bhavan

President Ramnath Kovind in his virtual address said that the Bill to raise the age of marriage for girls to 21 will be introduced in this session. He said that this Bill will seek to increase the minimum 18 years of age for women to get married to 21, so that they can give equal status to boys and girls.

Read Also: Economic Survey 2022: Why is it presented a day before Union Budget? What changes India will witness in this year’s Economic Survey? All you need to know

President Kovind also hailed the country’s digitalisation and said that India is a country with the cheapest internet cost and the price of smartphones is also cheap. He further said that the youth of India was able to get benefit from this.

He further talked about the Make In India project and said that the government has given priority to that and because of Make In India, now, 209 items used by the Indian Army will not be imported.

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