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Economic Slowdown Due To Reduced Investment Since 2013: CEA Krishnamurthy Subramanian

Modi Government, In Its First Term, Decided To Advance The Date Of The Budget From The Last Working Day To The First Working Day.

News Nation Bureau | Edited By : Raghwendra Shukla | Updated on: 31 Jan 2020, 03:37:16 PM
Krishnamurthy Subramanian

CEA Krishnamurthy Subramanian. (Photo Credit: ANI)

New Delhi:

The Budget Session of Parliament will start today with the address of President Ram Nath Kovind. Later, the government will the Economic Survey for 2019-20. The first phase of the session will conclude on February 11. After a break, it will again commence on March 2 and continue till April 3.

Modi Government, in its first term, decided to advance the date of the budget from the last working day to the first working day. Accordingly, the Union Budget for 2017-18 was presented on February 1, and since then, the tradition has continued.

Here are the main points:

Budget Session 2020

Chief Economic Advisor Krishnamurthy Subramanian: If wealth had not been eroded by wilful defaulters, we could have spent almost double the amount on social sectors.

CEA Krishnamurthy Subramanian

Economic slowdown since 2017 due to the lagged effect of reduced investment from 2013 which occurred due to credit boom-bust.

Budget 2020

CEA Krishnamurthy Subramanian: Analysis of wealth creators by entrepreneurs shows that wealth creation benefits everyone

Firms that borrowed a lot during 2008-12 invested less during 2013-17: Chief Economic Advisor Krishnamurthy Subramanian

Economic Survey's theme this year is wealth creation, says CEA Krishnamurthy Subramanian.



Ahead of presentation of Union budget, Mumbai Dabbawala Association says Centre should ensure there is no increase in railway's luggage pass fares so that tiffin box carriers are not burdened financially

Inflation declines sharply from 3.2% in April 2019 to 2.6% in December 2019, reflecting weakening of demand pressure in the economy

Economic Survey calls for improving governance in public sector banks, more disclosures to build trust.

Trinamool Congress MPs protested against Citizenship Amendment Act at the Central Hall in Parliament, earlier today. 



Congress leader P Chidambaram terms 'incomprehensible' Delhi Police Commissioner Amulya Patnaik's extension when Jamia student was injured in shooting in presence of many police personnel.

Economic Survey puts current fiscal growth at 5%; says fiscal deficit target for current fiscal may need to be relaxed to revive growth.

Economic Survey Projects Economic Growth At 6-6.5 Per Cent In FY21

Lok Sabha adjourned till 11am tomorrow.

Finance Minister Nirmala Sitharaman tables the Economic Survey in the Parliament.



Budget Session 2020

President Ram Nath Kovind's address to joint session of Patliament ends.

Budget Session 2020


Budget Session 2020

President Kovind condemns atrocities against minorities in Pakistan, urges global community to take necessary action.

President Ramnath Kovind: I am happy that the wish of the Father of the Nation Mahatma Gandhi has been fulfilled through the enactment of the Citizenship Amendment Act by both the Houses of Parliament.

Budget Session 2020

President Kovind: On the special request of my government, Saudi Arabia increased Haj quota unprecedentedly, due to which a record 2 lakh Indian Muslims performed Haj this time. India is the first country where the entire process of Haj was done digitally and online.

Budget Session 2020

Brief uproar in Central Hall as President Ramnath Kovind speaks on the Citizenship Amendment Act.

Budget Session 2020

President Ramnath Kovind: My government built the Kartarpur Sahib Corridor in record time, dedicated it to the nation on the occasion of 550th Prakash Parv of Guru Nanak Dev Ji.

Budget Session 2020








President Ramnath Kovind:



The abrogation of Article 370 and Article 35A of the Constitution through two-thirds majority by both the Houses of Parliament is not only historic but it has also paved the way for equal development of Jammu and Kashmir and Ladakh.

President Ramnath Kovind: The mature way in which the countrymen behaved after the Supreme Court's decision on Ramjanmabhoomi is also praiseworthy.

Budget Session 2020

President Ramnath Kovind: Our constitution expects from this Parliament and every member present in this House to fulfill the hopes and aspirations of the countrymen and make necessary laws for them, keeping national interest paramount.

President Kovind

Government is clearly of the view that mutual discussions and debates further strengthen democracy. At the same time, any kind of violence in the name of protest weakens the society and the country.

Budget Session 2020

Constitution not only provides security to all Indian citizens but also makes them aware of their responsibilities: President Kovind in parliament.

In protest against attack on the constitution, we will sit and listen to the President's address with black bands around our arms. 

President Ramnath Kovind on his way to Parliament. He will address a joint session of both the houses shortly. 



President Kovind leaves for Parliament, to address joint session shortly.

The government has convened a meeting of the leaders of all political parties in the morning of January 30.

After a break, it will again commence on March 2 and continue till April 3.

The first phase of the session will conclude on February 11. 

Copies of the Economic Survey brought to Parliament.



We all should make sure that in this session, we lay a strong foundation for this decade. This session will be focussed mainly on economic issues. I want that in both houses there are good debates on these issues: PM Modi

Opposition leaders including Congress Interim President Sonia Gandhi protest in front of Gandhi Statue in Parliament premises against CAA.



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First Published : 31 Jan 2020, 10:12:38 AM

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