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Economic survey Highlights: Govt to spend more to provide universal healthcare

By , New Delhi

Economic Survery Live Updates: India's economic survey for the year 2020-21 was tabled by Chief Economic Advisor KV Subramanian on Friday shortly after the Rajya Sabha was adjourned.

India's policy response guided by research, epidemiology and economy, says chief economic advisor KV Subramanian
India's policy response guided by research, epidemiology and economy, says chief economic advisor KV Subramanian

India's Economic Survey for the year 2020-21 was tabled in the Parliament on Friday marking the start of Union Budget session. The budget session of Parliament began shortly after with an address by President Ram Nath Kovind. As many as 18 opposition parties had already announced their decision to boycott the President's address to a joint sitting of both houses on Friday, in solidarity with the farmers agitating against the three farm laws.

This was the first economic survey to be tabled after the coronavirus disease outbreak in the country.

The session is likely to witness stormy scenes, with the opposition all set to corner the government on issues like recession, job losses, handling of Covid crisis and LAC stand-off with China.

The session commenced with the President's address and will be followed by the presentation of the Economic Survey .

The Union Budget will be presented by Finance minister Nirmala Sitharaman on February 1. Both the houses will also debate on the motion of thanks to the President's address after the budget presentation.

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This was the first economic survey to be tabled after the coronavirus disease outbreak in the country.

The session is likely to witness stormy scenes, with the opposition all set to corner the government on issues like recession, job losses, handling of Covid crisis and LAC stand-off with China.

The session commenced with the President's address and will be followed by the presentation of the Economic Survey .

The Union Budget will be presented by Finance minister Nirmala Sitharaman on February 1. Both the houses will also debate on the motion of thanks to the President's address after the budget presentation.

Follow all the updates here:
Jan 29, 2021, 16:33:03 IST

Increase in public healthcare spending from 1 pc to 2.5-3 pc of GDP can decrease out-of-pocket expenditure on health: Eco Survey

Jan 29, 2021, 16:32:49 IST

Asset Quality Review exercise must be conducted immediately after withdrawal of forbearance, says Economic Survey

Jan 29, 2021, 16:32:00 IST

Eco growth has greater impact on poverty alleviation than inequality; India needs to focus on growth to lift poor out of poverty: Survey

Jan 29, 2021, 16:31:42 IST

India's sovereign credit ratings do not reflect its fundamentals, says Economic Survey

Jan 29, 2021, 16:12:02 IST

Response from lockdown enabled 'saving lives and livelihoods': CEA

Even without lockdown, Covid-19 pandemic would have created a significant economic impact. But what the lockdown did ensure is help a coordinated response, enabling 'saving lives and livelihoods': Chief Economic Advisor KV Subramanian

Jan 29, 2021, 16:00:09 IST

Economic Survey infers lockdown had a causal effect on saving lives and livelihoods: CEA

Strong correlation of lockdown with decline in cases and deaths is found across states, not just within a few states. Hence Economic Survey infers that lockdown had a causal effect on saving lives and livelihoods: Chief Economic Advisor KV Subramanian

Jan 29, 2021, 15:59:33 IST

Economic Survey covers Covid-19 lockdown stringency

The stringency of Covid-19 lockdown correlates with negative economic growth in the same period but with positive growth in the future time period, observes the Survey.

Jan 29, 2021, 15:53:07 IST

Manufacturing, construction hit hardest: Economic Survey

Economic Survey of the year states that the farm sector growth remains silver lining; services, manufacturing, construction hit hardest.

Jan 29, 2021, 15:42:32 IST

Early intense lockdown saved lives, helped faster recovery: CEA

'During high uncertainty, policy should minimize large losses. India's policy response to Covid-19 was guided by the realization that GDP growth will come back, but not lost human lives. Early intense lockdown saved lives, helped faster recovery," says Chief Economic Advisor KV Subramanian

Jan 29, 2021, 15:41:07 IST

'Economic Survey's first chapter on India's Covid-19 policy response'

Chapter 1 of the Economic Survey is about India's policy response to #COVID19, Saving Lives And Livelihoods, amidst a once-in-a-lifetime crisis: Chief Economic Advisor KV Subramanian

Jan 29, 2021, 15:38:21 IST

'India's policy response guided by research, epidemiology and economy'

India's policy response guided by research, epidemiology and economy, says chief economic advisor KV Subramanian

Jan 29, 2021, 15:36:25 IST

Chief Economic Advisor launches Economic Survey 2020-21

Chief Economic Advisor K Subramanian launches the Economic Survey 2020-21 which has been tabled in Parliament today.

Jan 29, 2021, 15:30:59 IST

Economic Survey 2020-21 tabled in Rajya Sabha

Finance Minister Nirmala Sitharaman tables a copy of Economic Survey 2020-21 in Rajya Sabha.

Jan 29, 2021, 13:58:17 IST

Economic Survey projects contraction of 7.7% in GDP

FM Nirmala Sitharaman presents Economic Survey; survey projects contraction of 7.7% for full fiscal and V-shaped recovery in the next fiscal. GDP seen expanding 11% in 2021-22.

Jan 29, 2021, 13:26:03 IST

Lok Sabha adjourned till 11 am on February 1

Lok Sabha adjourned till 11 am on February 1, when the Union budget will be presented.

Jan 29, 2021, 12:50:44 IST

Boycotting President doesn't mean insulting him: Congress

Boycotting President's Address doesn't mean insulting him. We're standing with farmers and demanding that farm laws be taken back. It's our biggest reason behind boycotting the Address. We'll debate when there is a Motion of Thanks and debate: Adhir Ranjan Chowdhury, Congress

Jan 29, 2021, 12:36:46 IST

RLP MP Beniwal raises slogans against farm laws

RLP MP Hanuman Beniwal raises slogans in Parliament demanding repeal of the three farm laws.

Jan 29, 2021, 12:03:04 IST

Nation grateful to Galwan martyrs, says President Kovind

20 jawans made the supreme sacrifice in Galwan valley in June 2020. Every citizen is grateful to these martyrs. My Govt is committed to the protection of the interests of the nation. Extra Forces have been deployed at LAC for protection of India's sovereignty: President Kovind

Jan 29, 2021, 12:00:50 IST

Extremism in northeast heading towards its end: President Kovind

"Extremism in the northeast is heading towards its end, the incidents of violence are declining. The youth that had gone astray is returning to the mainstream of development and nation-building," says President Kovind.

Jan 29, 2021, 11:49:33 IST

New Parliament building will provide more facilities to MPs, says President

"Last governments had made efforts for construction of a new Parliament building. It's a delightful coincidence that the nation started construction while moving towards 75th year of independence. The building will provide more facilities to MPs in carrying out their duties," says President Kovind.

Jan 29, 2021, 11:39:55 IST

Rights and facilities not cut under farm laws, says Prez Kovind

Govt would like to clarify that the rights and facilities that were available before the formation of the three farm laws have not been cut short, in fact with these new agricultural reforms the govt has provided new facilities and rights to farmers: President Ram Nath Kovind

Jan 29, 2021, 11:37:09 IST

Small and marginal farmers govt's priority: President

Small and marginal farmers are also a priority for the govt. To support such farmers in their small expenses, around 1,13,000 crores have been transferred directly to their accounts, under PM-Kisan Samman Nidhi: President Ram Nath Kovind

Jan 29, 2021, 11:23:58 IST

Centre working to remove misconceptions of farm laws, says President Kovind

Centre working constantly to remove misconceptions related to farm laws, says President Ram Nath Kovind.

Jan 29, 2021, 11:20:19 IST

Desecration of tricolour very unfortunate: President Kovind

"Govt respects freedom of expression and protests. But what happened with the tricolour on Republic Day was very unfortunate. We need to respect law and order," says President Kovind.

Jan 29, 2021, 11:19:06 IST

Over 100 million farmers benefitting from farm laws: President

More than 100 million farmers benefitting from farm laws passed seven months ago. Laws currently stayed by Supreme Court, government will respect that: President Kovind

Jan 29, 2021, 11:15:30 IST

President says govt making record purchases on MSP

The government is making record purchases on MSP and is also coming up with more procurement centres, says President Kovind

Jan 29, 2021, 11:13:27 IST

Timely decisions by govt saved lives during pandemic: President Kovind

Timely decision taken by the government saved the lives of lakhs of citizens. Today the number of new Covid-19 cases is going down rapidly. The number of recoveries is very high: President Ram Nath Kovind

Jan 29, 2021, 11:11:33 IST

India being praised by world for delivery of Covid-19 vaccines, says President

India is conducting world's largest vaccination drive against Covid-19, with two domestic vaccines. We're also distributing vaccines to different countries and being praised for it: President Kovind

Jan 29, 2021, 11:09:04 IST

Joint session of Parliament amid pandemic is essential: President Kovind

Joint session of Parliament amid Corona pandemic is essential. It's a new year and a new decade and we're also entering into the 75th year of independence. Today all MPs are present here with message and trust that however tough be the challenge neither we nor India will stop: President Kovind

Jan 29, 2021, 11:04:57 IST

Citizens stood united during several crises: President Kovind

Our citizens' unity has brought the country out of several difficulties that we faced as a nation this year, says President Ram Nath Kovind as he addresses joint sitting of Parliament.

Jan 29, 2021, 10:54:16 IST

Left parties hold protest march to Parliament

MPs of Left parties hold a protest march to Parliament in support of farmers protesting against the farm laws.

Jan 29, 2021, 10:51:42 IST

President Kovind to shortly address joint sitting of Parliament

President Ram Nath Kovind to shortly address joint-sitting of Parliament as Budget session commences.

Jan 29, 2021, 10:43:32 IST

There were 4-5 mini Budgets in 2020: PM Modi

There were 4-5 mini Budgets in 2020, says PM Modi addressing joint sitting of Parliament.

Jan 29, 2021, 10:41:21 IST

PM Modi speaks before Budget session

All MPs will make the Budget session very productive, says PM Modi before commencement of session.

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