This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/world-asia-india-28189438
The article has changed 2 times. There is an RSS feed of changes available.
Previous version
1
Next version
Version 0 | Version 1 |
---|---|
India parliament key budget session begins | |
(about 3 hours later) | |
India's parliament has begun a budget session where the new government is expected to face questions on measures to revive a slowing economy. | |
The government, led by Prime Minister Narendra Modi, will present the federal budget on Thursday. | The government, led by Prime Minister Narendra Modi, will present the federal budget on Thursday. |
India's economic expansion has slowed markedly, growing by 4.7% in the 2013-14 financial year and marking the second year of sub-5% growth. | India's economic expansion has slowed markedly, growing by 4.7% in the 2013-14 financial year and marking the second year of sub-5% growth. |
Mr Modi's government has promised reforms aimed at creating jobs. | Mr Modi's government has promised reforms aimed at creating jobs. |
Media reports suggest that the federal budget may include measures designed to simplify taxation, reduce inflation and attract private investment. | Media reports suggest that the federal budget may include measures designed to simplify taxation, reduce inflation and attract private investment. |
The government has also spoken about its plans to introduce a general sales tax, encourage foreign investment and speed up approvals for major business projects. | The government has also spoken about its plans to introduce a general sales tax, encourage foreign investment and speed up approvals for major business projects. |
The session began on a stormy note on Monday morning with opposition parties protesting against rising prices and a recent increase in railway passenger fares, a BBC correspondent in Delhi reports. | |
The Lok Sabha - the lower house of the parliament - has already been adjourned twice with slogan shouting MPs refusing to let any business be transacted, our correspondent adds. | |
The opposition is also expected to raise the controversial rejection of the appointment of former Solicitor General Gopal Subramanium as a judge of the country's Supreme Court. | |
"The budget session will have 28 sittings and 168 working hours... Government is willing to give full time to discuss any issue," Speaker Sumitra Mahajan said ahead of the session. | |
The Indian Express newspaper said the budget session would "reveal the Modi government's appetite for change [and] its instincts in dealing with the opposition". | |
India's previous government presented an interim budget in February - ahead of the general election - to cover expenditure until a new government was installed. | India's previous government presented an interim budget in February - ahead of the general election - to cover expenditure until a new government was installed. |
Asia's third-largest economy has been weighed down by factors including high inflation, a weak currency and a drop in foreign investment. | Asia's third-largest economy has been weighed down by factors including high inflation, a weak currency and a drop in foreign investment. |
Previous version
1
Next version