![]() Poverty eradication and financial inclusion Foreign exchange reserves presently stand at Rs 24,54,950 crore, an increase of Rs 1,02,130 crore from 2016.Current account deficit decreased from USD 14.7 billion in 2015-16 (April-September) to USD 3.7 billion in the corresponding period in 2016-17.In the same period, food inflation also decreased from 6.4% from 1.4%. The average CPI inflation declined from 5.6% in December 2015 to 3.4% in December 2016.The Economic Survey 2016-17 has stated the GDP growth to be between 6.75% and 7.5% in 2017-18.The GDP is estimated to grow at 7.1% in 2016-17, compared to its growth of 7.9% in 2015-16.Foreign exchange reserves have been at an all-time high, and inflation, current account deficit and fiscal deficit have consistently reduced since 2014.GDP growth has made India the world’s fastest growing economies, among large economies.Policy priority stated in the President’s address (2014 to 2017) In this context, we present an analysis of the salient points of the agenda proposed in the President’s address from 2014 to 2017 and the current status of its implementation. Lok Sabha and Rajya Sabha have allocated two and three days for the discussion, respectively. It began in the upper house on February 2, 2017. In the lower house, the motion of thanks has begun today. This is followed by a discussion on the address and concludes with the Prime Minister replying to the points raised during the discussion. The address is followed by a motion of thanks that is moved in each House by ruling party MPs. In addition, it gives a broad indication of the government’s agenda for the year ahead. This address by the President highlights the legislative and policy activities and achievements of the government in the previous year. Budget Session 2017 commenced with the President, Pranab Mukherjee, addressing a joint sitting of Parliament on January 31, 2017.
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