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Union Budget 2022 to be presented today; spending boost, elections likely focus

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Union Budget 2022 to be presented today; spending boost, elections likely focus

Federal Finance Minister Nirmala Sitharaman will present the annual budget in Parliament on Tuesday, the second day of the budget meeting. The high-profile event is seen as crucial to sustaining India’s recovery from the devastation caused by the pandemic.

Sitharaman to present Budget 2022: Track live updates

Sitharaman’s previous budget proposal has a different background. While she proposed a series of reforms in 2019 (months after the BJP won a blockbuster electoral mandate), the next one during the Covid-19 pandemic narrows the range of possibilities.

A third also emerged in the shadow of the pandemic.

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The Union Cabinet will meet at 10.10am to approve the budget, which will be presented by the finance minister in Parliament at 11am.

Sitharaman’s fourth budget

The finance minister will present her fourth budget in a row this year and is expected to show the way to normalisation. She is expected to spend more on policies that create jobs, boost manufacturing and benefit the poor.

Full coverage: 2022 league budget

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Other key figures to watch in the budget include projected tax increases, dividends from the central bank and state-owned enterprises, any changes to import duties as part of the government’s plan to boost manufacturing, and the allocation of subsidies, particularly to fertiliser manufacturers .

What did the economic survey say?

India’s economy is expected to grow by 8-8.5% in 2022-23, according to an economic survey presented to parliament on Monday. It further said that the estimated size of the economy has exceeded its pre-pandemic size.

Chief economic adviser V Anantha Nageswaran told a media briefing that growth forecasts in the survey were more conservative than those of other agencies. The International Monetary Fund forecast on January 25 that the Indian economy will grow by 9% in 2022-23.

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Chief economic adviser Sanjeev Sanyal said India’s gross domestic product in 2021-22 is expected to be 1.3% higher than in 2019-20.

What’s more, the economic survey expressed confidence that the government has sufficient fiscal space to support economic activity, eschewing the actual fiscal trajectory for the next fiscal year starting in April, which is the prerogative of the budget.

Complete News Source : Hindustan Times

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Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024

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Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024

Check the weather forecast and air quality updates for Delhi on October 22, 2024 here.

The temperature in Delhi today, on October 22, 2024, is 32.93 °C. The day’s forecast indicates a minimum and maximum temperature of 22.05 °C and 35.04 °C, respectively. The relative humidity is 26% and the wind speed is 26 km/h. The sun rose at 06:26 AM and will set at 05:44 PM.

Tomorrow, on Wednesday, October 23, 2024, Delhi is predicted to experience a minimum and maximum temperature of 27.42 °C and 34.91 °C, respectively. Tomorrow humidity levels will be at 20%.

With temperatures ranging between 22.05 °C and 35.04 °C, prepare for a hot day and plan outdoor activities accordingly. If you are sensitive to heat, take note of the weather forecast and consider appropriate attire and activities suitable for the prevailing weather.

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The AQI in Delhi today stands at 334.0, falling in the very poor category. Everyone should be cautious. Children and people with respiratory diseases, such as asthma, should stay indoors and others should also limit their outdoor activities. Usage of masks and air purifying devices is advised. Being aware of the AQI helps one make informed decisions regarding one’s overall well-being while planning the day’s activities.

Weather and AQI predictions in Delhi for next 7 days:

DateTemperatureSky
October 23, 202432.93 °CSky is clear
October 24, 202432.69 °CSky is clear
October 25, 202432.5 °CSky is clear
October 26, 202432.07 °CSky is clear
October 27, 202430.69 °CSky is clear
October 28, 202431.29 °CSky is clear
October 29, 202432.09 °CSky is clear

Weather in other cities on October 22, 2024

CityTemperatureSky
Mumbai28.35 °CLight rain
Kolkata28.84 °CSky is clear
Chennai28.94 °CLight rain
Bengaluru25.53 °CModerate rain
Hyderabad27.75 °CModerate rain
Ahmedabad31.9 °CSky is clear
Delhi32.93 °CSky is clear

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