Finance Minister

As the Budget Session of Parliament commences on Friday, Union Finance Minister Nirmala Sitharaman tables the Economic Survey 2019-20.

President Kovind delivered a speech in the Central Hall of Parliament. Vice President Venkaiah Naidu will also chair a meeting of floor leaders of Rajya Sabha at his residence today.

The Budget session of the Parliament will commence on January 31 and will conclude on April 3, sources said on Thursday.

This is an annual exercise done by Niti Aayog before the budget. Last year, Prime Minister Modi had a meeting with top 40 economists of the country in June, said an official statement.

The discussions focussed on a road ahead for e-invoicing, new return system and feedback, e-way bill linking with Fastag, pendency of refunds, linkage of Aadhaar to GST registration, enforcement module use without overreach and QR codes.

Chidambaram said if the BJP says the NPR 2010 was correct, it should stick to the same form. "Don't go beyond the 15 fields. And announce that the NPR will not be done. Even yesterday the Home Minister refused to announce the NRC will not be done," he said.

The Central GST and State GST authorities have organised a nationwide GST stakeholder feedback on new GST return for getting an on-the-spot response to the new GST returns to be introduced from April 1, 2020.

Private sector has not announced any major investment after recent corporate tax cut and therefore abolishing DDT at this point of time may prove to be counter effective.

Finance Minister Nirmala Sitharaman said a Fund has been set up to rescue stalled realty projects.A total of 4.58 lakh housing units are stuck and around 1600 projects are stalled.

The CBI had registered an FIR alleging irregularities in a Foreign Investment Promotion Board (FIPB) clearance granted to the INX Media group for receiving overseas funds of Rs 305 crore in 2007, during Chidambaram's tenure as finance minister.