Nirmala Sitharaman Archives - Page 2 of 2

Budget sessions are expected to be uproarious starting today, Pegasus-China issues will encircle the government

As the government prepares to face the opposition over matters like the Pegasus espionage case and Chinese ‘infiltration’ into eastern Ladakh, the legislature’s budget session begins today in a frenzy. Both Houses of Parliament will meet in a joint session on January 31 for a budget session addressed by President Ram Nath Kovind. On the same day, Nirmala Sitharaman will present the Economic Survey for 2021-22. A Union Budget for the financial year 2022-23 will be presented by the Finance Minister on February 1.

Related Post – Top Professional Hairstylists In Kolkata

As part of social distancing norms regarding the COVID, the Lok Sabha and Rajya Sabha will meet separately at different times in the first phase of the session. Zero Hour and Question Hour will not be conducted during the first two days of the budget session. During the Lok Sabha’s March session, it will be debating the President’s Address. The Prime Minister is likely to reply on February 7 to the discussion.

Lok Sabha Secretariat reports that the motion of thanks for the President’s Address will be discussed four days after the President’s address is delivered on February 2. Between January 31 and February 11, Parliament holds its first budget session. The budgetary allocation of various departments will be discussed after the break. Budget session phases two and three will begin on March 14 and end on April 8.

The President will deliver his address on January 31. Lok Sabha will present the general budget at 11 am on February 1. As of February 2, the Lok Sabha will meet from 4 p.m. to 9 p.m. Due to the Coronavirus pandemic, the Lok Sabha Secretariat has recently announced that both Houses’ chambers and galleries will be used for sitting members to attend the Lower House sitting.

Five states are holding elections at the same time as the budget session: Uttar Pradesh, Uttarakhand, Goa, Punjab, and Manipur. With the budget session around the corner, the main opposition Congress is circling around the government on issues such as the relief package for Corona families, inflation, unemployment, farm issues, and trade disputes with China.

Chinese aggression on the border, the ongoing standoff, inflation, unemployment, the economy, and the privatization of Air India and other state-owned companies will be among the topics to be discussed, according to the party. In order to ensure the smooth functioning of the Parliament, RS Chairman and Vice President M Venkaiah Naidu and Parliamentary Affairs Minister Prahlad Patel will meet on Monday. The Lok Sabha Secretariat has announced that the Business Advisory Committee will meet on Monday, January 31.

Related Post – Top 8 Benefits of Facebook Business Page

Many rules related to banking will change on February 1, Know about the new changes

Next month, many changes will take place. Budget 2022-23 will be presented by Nirmala Sitharaman on February 1. Besides affecting the economy, it will also have an impact on the lives of ordinary citizens. The budget is not the only change that banks will be made from February 1.

Related Post – Top 10 Fashion Bloggers in USA

A change will also be made to the rules for money transfers at SBI Bank starting February 1. A bank charges Rs 20 plus GST for transferring money between Rs 2 lakh and Rs 5 lakh using IMPS. The Reserve Bank of India (RBI) increased IMPS transactions from Rs 2 lakh to Rs 5 lakh in October 2021. In addition, the Reserve Bank has increased the limit for IMPS transactions to Rs 5 lakh instead of Rs 2 lakh.

Bank of Baroda’s rules will change

On February 1, the Bank of Baroda will also change its check clearance rules. Customers will be required to use the positive pay system for check payments on February 1. Only after the check information is sent will the check be cleared. The changes are applicable to check clearances over Rs.10 lakh.

PNB rules will be stricter

Punjab National Bank’s (PNB) upcoming changes will directly affect your pocket. A penalty of Rs 250 will be charged if the installment or investment fails due to insufficient funds. Until now, this penalty was 100 rupees.

Price of a gas cylinder

Every month, LPG prices are fixed on the 1st. In this case, it has to be seen what is the fluctuation in-cylinder prices on 1st February. If prices increase, it will certainly affect your pocket.

The budget will be presented

The budget presentation will be held on February 1 by Finance Minister Nirmala Sitharaman. Tax rules related to direct and indirect taxes (personal income tax rates) may be changed. Budgeting can bring many more changes to your financial life.

Banks will be closed tomorrow and the next day, employees adamant on strike even after SBI request

Bank News: The two days following, December 16 and 17, will be closed for all Public Sector Banks in the country as their employees will be on strike for two days. SBI’s employees’ unions remain adamant on their point even after appeals to the employees not to strike on behalf of other banks. The reason behind this strike is the privatization of banks.

Related Post – Best Site to Buy Instagram Followers in India

By using Twitter, the State Bank of India (SBI) communicated directly with its employees. The bank stated that due to this strike of employees, and due to the Corona epidemic, the stakeholders may face huge problems. SBI sent invitations to the bank unions as well. A letter was also sent by the Central Bank of India to its employees and unions, asking them to work for the bank’s improvement. The Punjab National Bank (PNB) also requested its employees to refrain from going on strike via Twitter.

An appeal to all Bank Staff. pic.twitter.com/EZFGpfnK0a
— State Bank of India (@TheOfficialSBI) December 13, 2021

Struggles to stop the continuous strike

Various media reports suggest that bank managers are constantly in touch with the bank associations and bank unions. A delay in the strike is constantly discussed. The Union Budget 2021 included a privatization plan for two major public sector banks, announced Finance Minister Nirmala Sitharaman. However, the Finance Minister did not yet decide on whether or not both banks would be privatized during a Cabinet Committee on Privatization meeting in the Lok Sabha on Monday.

Financial Minister’s latest statement

Replying to a Lok Sabha question, the government has stated that two public sector banks (PSBs) will be privatized during the year as part of the budget for 2021-22. This matter was delegated to the Cabinet Committee that is responsible for considering disinvestment issues, including the choice of a bank. The Cabinet Committee for Privatization of Public Sector Banks has not yet decided on this issue.