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Govt plans to change 500 and 2000 notes security features every 3-4 years

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Govt plans to change 500 and 2000 notes security features every 3-4 years

Economy news

LPG cylinder price hiked by Rs 50, check latest rates of different cities

On July 6, 2022, oil companies have drastically increased the price of domestic LPG cylinders. The price of the cylinders has been increased by Rs 50. After this, the price of gas cylinders in Delhi has been increased to Rs 1053.

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LPG cylinder price hike

Inflation has hit the pocket of the common man once again. Oil companies have increased the price of domestic LPG cylinders.

Oil companies drastically increased the price of domestic LPG cylinders on July 7. Companies have increased the price of cylinders by Rs 50 and now the price of gas cylinders in Delhi has been increased to Rs 1053.

LPG Prices in different cities

Domestic LPG cylinders in Kolkata have been increased to Rs 1,079. Apart from this, the price of a domestic gas cylinder in Mumbai has been increased to Rs 1,052.50, and in Chennai, the price of a gas cylinder has gone up to Rs 1,068.50. Moreover, the price of this non-subsidised gas cylinder has been increased.

Read Also: LPG price hike triggers meme fest on Twitter, check out funniest ones here

Reduction in commercial gas cylinders

On the other hand, there has been a decline in the price of commercial gas cylinders. On July 1, 2022, a major reduction of Rs 198 was made in the price of commercial LPG cylinders by the oil companies. After this, it was speculated that now there will be a fall in the price of domestic LPG gas cylinders, but the oil companies have given a big blow to the common man today.

On July 1, 2022, the commercial gas cylinder in Delhi was reduced to Rs 2021. Now, after a further cut in the price on July 6, 2022, it has become Rs 2012.50. Similarly, a 19 kg commercial gas cylinder will be available in Kolkata for Rs 2,132. It has reached Rs 1972.50 in Mumbai and Rs 2177.50 in Chennai.

Trinamool Congress distances itself from Mahua Moitra’s remark on Goddess Kali, Bengal MP unfollows TMC Twitter handle

Himachal Pradesh: Cloudburst in Kullu, tourists missing, houses washed away in Choj village

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Economy news

Loan EMIs to go up? RBI hikes interest rate by 40 basis points, everything you need to know

The Reserve Bank of India Governor Shaktikanta Das on Wednesday announced a hike in the repo rate by 40 basis points and cash reserve ratio (CRR) by 50 basis points. The decision was taken in an off cycle-meeting by the monetary policy committee (MPC) of the central bank held between May 2 to 4.

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The Reserve Bank of India

The Reserve Bank of India Governor Shaktikanta Das on Wednesday announced a hike in the repo rate by 40 basis points and cash reserve ratio (CRR) by 50 basis points. The decision was taken in an off cycle-meeting by the monetary policy committee (MPC) of the central bank held between May 2 to 4.

Das said the decision was taken with a view to containing inflation. geo-political tensions, high crude oil prices, and shortage of commodities across the globe that has impacted the Indian economy.

With the decision, all loan EMIs are likely to go up. In the meeting, Shaktikanta Das also said 9 out of twelve food subgroups registered an increase in inflation in March. High-frequency price indicators for April indicate the persistence of food price pressures and the sharp acceleration in headline CPI inflation in March 2022 to 7% was moved in particular by food inflation.

The RBI Governor further said the soaring inflation is due to the raising lending rates.

Hanuman Chalisa row: Bail granted to Navneet Rana and Ravi Rana

Uttar Pradesh horror: 13-year-old girl went to file rape case, allegedly raped again by cop

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Budget 2022: We’ve been very realistic in telling what we will do and in achieving what we’ve told, says Nirmala Sitharaman

This budget is vital for this government as there are two years left for the Narendra Modi government’s tenure. Finance Minister Nirmala Sitharaman will present the budget today, and with this, she will be presenting her fourth budget in Parliament. FM Sitharaman started presenting the budget at 11 am.

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FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman started presenting the union budget 2022. On Monday, Finance Minister Sitharaman presented the Economic Survey of 2021-22. This budget is vital for this government as there are two years left for the Narendra Modi government’s tenure. Finance Minister Nirmala Sitharaman is all set to present the budget today, and with this, she will be presenting her fourth budget in Parliament. FM Sitharaman started presenting the budget at 11 am.

Budget 2022 Live Updates:

We’ve been very realistic in telling what we will do and in achieving what we’ve told, says Nirmala Sitharaman

Finance Minister Nirmala Sitharaman holds a press conference after presenting Union Budget 2022-23.

Budget 2022: This year’s aim is welfare of poor, says Prime Minister Modi

Prime Minister Narendra Modi reacted to the Union Budget 2022, that was announced today. He congratulated Finance Minister Nirmala Sitharam and her team on presenting a people-friendly and progressive budget.

Gross GST collection in January at record Rs 1,40,986 Crore

In her speech to announce the Union Budget 2022, Finance Minister Nirmala Sitharaman said that the gross GST collection in January 2022, was Rs 1,40,986 Crore. The reason behind this was the rapid economic recovery.

Remarkable progress in GST but there were huge challenges, says Nirmala Sitharaman

Any Income from Transfer of Virtual Digital Asset to be taxed at 30%

Finance Minister Nirmala Sitharaman added that loss can’t be set off against any other gain and gain from the transfer of Virtual Digital Asset is non-deductible.

FY 22-23 expenditure will be around Rs 39 Lakh Crore , Revenue estimated at Rs 22 Lakh Crore Fiscal deficit to be around 6.4% for FY23

As Finance Minister Nirmala Sitharaman reads out the Union Budget 2022, she mentioned the expected fiscal deficits for fiscal year (FY) 2022-23, which is expected to be around 6.4%.

Digital Rupee backed by blockchain to be issued by the RBI

R&D and commercialisation in telecommunication for rural and remote areas

Talking about the development in rural and remote areas, Finance Minister Nirmala Sitharaman said that R&D and commercialisation in telecommunication for rural and remote areas will be promoted.

Linkage in NGDRS with one nation one registration will be promoted as a uniform process of registration, says Sitharaman.

E-passports with embedded chips will be rolled out, says Sitharaman

Finance Minister Nirmala Sitharaman said that E-passports with embedded chips will be rolled out

Rs 60,000 crore allocated for 3.8 crore households in 2022-23, says Sitharaman

Rs 60,000 crore has been allocated for 3.8 crore households in 2022-23, said Nirmala Sitharaman. She also said that 80 lakh households will be established under Aawaas Yojana for both rural and urban areas.

Supplementary teaching will be promoted, PM e-vidya will be expanded from 12-200 TV channels for class 1-12 in all regional languages, says Sitharaman

Nirmala Sitharaman said that supplementary teaching will be promoted, PM e-vidya will be expanded from 12-200 tv channels for classes 1-12 in all regional languages. She further said that digital universities will be established across the country, world-class education, regional languages. Sitharaman also said that children in rural areas SCs and STs have lost almost 2 years of formal education, need to impart supplementary teaching.

FM Sitharaman says Rs 2.7 lakh crore direct payment of minimum support price for wheat and paddy will be given to farmers

Finance Minister Nirmala Sitharaman said that FM Sitharaman says Rs 2.7 lakh crore direct payment of minimum support price for wheat and paddy will be given to farmers. She further said that chemical-free natural farming to be promoted.

Finance Minister Nirmala Sitharaman announces about PM Gati Shakti

Finance Minister Nirmala Sitharaman announced about PM Gati Shakti project and said that it will be an inclusive development. In this, productivity enhancement, energy transmission, climate action and financing of investment will be the key areas.

Finance Minister Nirmala Sitharaman says Atma Nirbhar Bharat achieved excellent response

In her speech, FM Nirmala said that Atma Nirbhar Bharat achieved an excellent response in the last year.

Finance Minister Nirmala Sitharaman begins budget speech

Finance Minister Nirmala Sitharaman begins her budget speech. She began her speech by talking about Omicron and said that health and infrastructure is in a strong position right now.

Cabinet approves Union Budget, session to begin soon

The cabinet has approved Union Budget 2022 and soon Finance Minister Nirmala Sitharaman is going to deliver Budget session speech in the Parliament. The speech will begin at 11 am.

Know when and where to watch the Budget 2022 speech, click here.

Cabinet meeting at Parliament concludes

A cabinet meeting took place at Parliament ahead of the budget session. In the meeting, Defence Minister Rajnath Singh, Union Home Minister Amit Shah, Railways, Communications and IT Minister Ashwini Vaishnaw, Parliamentary Affairs Minister Pralhad Joshi, and others were present, Now, the meeting has been concluded and the budget session will be presented at 11 am.

Rajnath Singh, Amit Shah, Ashwini Vaishnaw, Pralhad Joshi, and others arrive at Parliament for union cabinet meeting ahead of budget session

Ahead of the budget session, Defence Minister Rajnath Singh, Union Home Minister Amit Shah, Railways, Communications and IT Minister Ashwini Vaishnaw, Parliamentary Affairs Minister Pralhad Joshi, and others arrive at the Parliament for the union cabinet meeting.

Finance Minister Nirmala Sitharaman arrives at Parliament

Finance Minister Nirmala Sitharaman arrived at Parliament. She will present the budget at 11 am.

Finance Minister Nirmala Sitharaman to address press conference post-presentation of budget at 3.45 pm

Finance Minister Nirmala Sitharaman will address a press conference at 3.45 pm after presenting the Union Budget 2022-23. She will present the budget at 11 am today on February 1.

Nirmala Sitharaman leaves from Ministry of Finance, to present budget through tab, instead of bahi khata

Finance Minister Nirmala Sitharaman left from the Ministry of Finance. She was seen outside the Ministry of Finance posing with his colleagues ahead of the budget. This time, she will present and read out the budget through tab, instead of traditional bahi khata.

Ahead of budget session, former Finance Minister P Chidambaram takes a dig at government

Ahead of budget session 2022-23, former Finance Minister P Chidambaram took a dig at the government as they released the economic survey. He shared a tweet in which he wrote that on the morning after Economic Survey, if you read newspapers, you will come to the conclusion that there is no Opposition in India. He further said that if there is a feeble opposition, it has no views on the economy.

Finance Minister Nirmala Sitharaman arrives at North Block

Finance Minister Nirmala Sitharaman has arrived at North Block and she is all set to present the budget today. It will be her fourth budget presentation in the Modi led government’s tenure. FM Sitharaman will present the budget at 11 am.

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.

Read full budget speech of Finance Minister Nirmala Sitharaman below.

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