Business
Economic Survey 2022: P Chidambaram says Opposition has no views on economy
Ahead of today’s budget report, senior Congress leader and former finance minister P Chidambaram lashed out at the opposition on Tuesday, saying they “have no view of the economy”.
“In the morning after the economic survey, if you read some newspapers, you would come to the conclusion that India has no opposition party, and even if there is a weak opposition party, it doesn’t have any view on the economy,” Congress leaders submitted to both houses of parliament The tweet came a day after the economic survey.
Chidambaram quoted a quote from Charles Dickens’ novel “A Tale of Two Cities,” saying, “It was the best of times and the worst of times.”
Congressional leaders have said that by March 31, 2022, GDP will be at the same level as it was on March 31, 2020, following the submission of economic surveys by both houses of parliament. It took two years to “get back to where we were on March 31, 2020,” he said.
“The Economic Survey repeats the sickening claim that the economy will return to pre-pandemic levels (2019-20) by the end of 2021-22,” he tweeted on Monday.
“In simple terms, this means that GDP on March 31, 2022 will be the same as it was on March 31, 2020. That means it will take two years to get back to the level of March 31, 2020,” he added.
This year, unlike the traditional “bahi-khata” form, this year, the Union Budget will be presented paperless for the second time.
The parliamentary budget session began on January 31 with a speech by President Ram Nath Kovind. The first part of the IPU budget meeting will be held from 31 January to 11 February, and the second part of the budget meeting will be held from 14 March to 8 April.
Complete News Source : Business Standard
Business
Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise
Tributes continue to pour in for Ratan Tata, with Virat Kohli and Jay Shah taking to their social media accounts to bid farewell to the industrialist.
Former Indian captain and batting legend Virat Kohli paid a touching tribute to Ratan Tata, the legendary business tycoon, who passed away on Wednesday night. Tata, a Padma Vibhushan recipient, was undergoing treatment in intensive care since Monday but breathed his last in Mumbai, leaving a profound impact on many across the nation.
Kohli expressed his condolences through his Instagram account on Thursday morning, sharing a heartfelt message along with a photo of the late industrialist.
Tata’s contribution to business, society, and philanthropy has been widely acknowledged, and his passing marks the end of an era.
The Board of Control for Cricket in India (BCCI) secretary, Jay Shah, also conveyed his sorrow, stating, “Deeply saddened by the loss of Shri Ratan Tata Ji. His leadership, integrity, and dedication to society set a remarkable standard for legacy. My heartfelt condolences to his loved ones. Rest in peace, Sir.” Shah’s words reflect the collective grief of a nation that has long admired Tata’s contributions to the country.
BCCI’s tribute
Additionally, the BCCI issued a statement about his demise.
“The BCCI expresses its deepest sorrow and joins the nation in mourning the passing of Shri Ratan Tata ji. His invaluable contributions across diverse fields have been instrumental in shaping India’s growth and success story.
His extraordinary legacy, founded on the principles of passion, empathy, visionary leadership, innovation, and excellence, will continue to inspire and guide future generations for years to come,” the statement read.
Ratan Tata, born on December 28, 1937, in Mumbai, embarked on his journey with the Tata Group in 1962 as a young executive. Over the decades, he transformed the group into a global conglomerate. His work was acknowledged with India’s second-highest civilian honour, the Padma Vibhushan, in 2008, and he received numerous accolades, including honorary doctorates from prestigious institutions in India and abroad.
Tata is survived by his family, including brothers and sisters Simone Tata, Jimmy Tata, Noel Tata, Aloo Tata, Shireen Jejeebhoy, Deanne Jejeebhoy, Leah Tata, Maya Tata, Neville Tata, Manasi Tata, Jamset Tata, Tiana Tata, and others, as mentioned in a family statement.
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