After FM, Madhya Pradesh CM invites suggestions for state budget promising 'inclusions'

Ahead of state budget session, Madhya Pradesh CM Shivraj Singh Chouhan, on Thursday, anunced that new Budget will comprise suggestions from citizens. Chouhan urged citizens to send suggestions to MP govt portal, promising to include m in budget. Madhya Pradesh budget session will commence soon in February-March.

Finance Minister Nirmala Sitharaman promises 'never before' like Union Budget

Shivraj Chouhan: "Budget suggestions for MP"

2-part Budget session to start from January 29; COVID precautions to be followed: Sources

Union Budget seeks suggestions

In December, Union Finance Minister Nirmala Sitharaman promised a "never before" like Union Budget as government looks to steer pandemic-battered ecomy and push growth. "Send me your inputs so that we can see a Budget which is a Budget like never before, in a way. 100 years of India wouldn't have seen a Budget being made post-pandemic like this," said Sitharaman while addressing CII Partnership Summit 2020. Union Budget for 2021-22 is scheduled to be presented in Parliament on February 1, 2021 in 2-part Budget session on February 1-15 and March 8- April 8, following COVID-19 protocols.

India's GDP to contract by 7.7% for FY 20-21 estimates Centre; hit by year-long pandemic

India's GDP to contract by 7.7% in FY 20-21

Earlier in day, Ministry of Statistics & Programme Implementation, estimated that India's GDP will be -7.7% for FY 20-21 - lowest till date. In comparison, India's overall FY 19-20 GDP stood at 4.2% - an 11-year low. As per National Council for Applied Ecomic Research (NCAER), India is set to see a marginally positive 0.1% growth in third quarter. Previously in December, India's GDP contracted at -7.5% - plunging nation into recession with two successive quarters of contraction.

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NCAER adjusted its forecast as per ongoing fiscal to -7.3% compared to -12.6% in September to account for sharp moderation in contraction in second quarter at -7.5%, as per reports. Indicators across industry and services like goods and services tax (GST) collections, GST e-way bills, Index of Industrial Production and Purchasing Manrs’ Index have moderated pace of recovery after September-October uptick, said Bornali Bhandari, in its mid-year review of ecomy. Fitch Ratings, on or hand, has raised India's GDP forecast to -9.4 per cent in current fiscal year to March 2021 from a previously projected contraction of 10.5 per cent.