Budget 2022: The budget session of Parliament will run twice. 2022 budget’s first session will start on 31st January and will run till 11 February. And, the second session will be from March 14 to April 8.
The general budget 2022 on February 1
According to the program released by the government, the government will present the general budget on 1st February. The session will begin with the speech of President Ram Nath Kovind. The President will address the joint sitting of both the houses. There will be a lot of challenges in this session amidst the third wave of Corona.
3.73 lakh crore additional expenditure
According to the information, the government will spend an additional Rs 3.73 lakh crore during the current financial year. For this, the President has approved under the rule. Lok Sabha Speaker Om Birla has also taken stock of the preparations due to the increasing cases of Covid-19. Till 9 January, About 400 employees of Parliament were infected with Covid-19.
For You: Finance Minister’s budget team 2022!!
718 employees are victims of corona
There has been a massive increase in coronavirus cases in the last few days. In the earlier month, 718 employees have come under the grip of Covid-19 disease. Out of this, 200 employees are from Rajya Sabha. The rest are related to Lok Sabha and other departments. Because of this, one-third of the employees have been allowed to work from home.
Parliament House Inspection
Lok Sabha Secretariat stated on Tuesday. After inspecting the Parliament House, the speaker said that the situation is under control. He said that the arrangements should be done according to the guidelines. The budget 2022 will be the fourth Union Budget of the Modi 2.0 government and Finance Minister Sitharaman.
Growth rate expected to be in double digits
The government is expecting the growth rate to double-digit in this financial year. The government has projected a fiscal deficit of 6.8% of the gross domestic product (GDP). The Finance Minister has already held meetings with stakeholders from industries, people from financial sectors, trade unions, agriculturists and prominent economists, during which gave suggestions regarding income tax slabs, infrastructure status for digital services and incentives for hydrogen storage.
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