India's Finance Minister Nirmala Sitharaman prepares to present her interim budget to Parliament on February 1. The Economic Survey is to be presented on Monday July 22, a day before the national budget. Reuters
India's Finance Minister Nirmala Sitharaman prepares to present her interim budget to Parliament on February 1. The Economic Survey is to be presented on Monday July 22, a day before the national budgShow more

Indian Finance Minister to present country's state of economy ahead of national budget



Finance Minister Nirmala Sitharaman will present India's Economic Survey on Monday, an annual report that provides indicators of possible policy changes in the 2024-2025 budget scheduled to be submitted to Parliament on Tuesday.

The annual government report reviews gross domestic product growth and inflation over the previous year and provides data on industry, agriculture, employment, prices and exports.

A brief economic review tabled in January, before the general election held from April to June, said that India could become a $7 trillion economy by 2030.

Prime Minister Narendra Modi pledged to speed up economic growth after winning a third consecutive term.

However, his policy decisions could be influenced by partners in the National Democratic Alliance government after his Bharatiya Janata Party failed to win a majority.

Many commentators have said unemployment, high taxes, inflation and growing economic disparity are reasons for the BJP's poor performance after sweeping back-to-back polls in 2014 and 2019.

Ms Sitharaman, who will be presenting her seventh budget on Tuesday, is under pressure to introduce income tax relief for the salaried class, lower the cost of housing loans, announce a cash transfer scheme for poor urban women and increase spending on welfare schemes.

She presented an interim budget on February 1.

Mr Modi's government is expected to continue building public infrastructure to stimulate economic growth and create jobs, with billions of dollars spent since 2014 on upgrading motorways, waterways, airports and railways.

In the past four years, the government has opened freight corridors and launched high-speed train services, opened seven airports and laid the foundations for 15 new airport terminals and more than 35 million homes for the poor.

However, Mr Modi had failed to deliver on economic promises made during the 2019 election, including the creation of 10 million jobs.

The country of 1.4 billion people is facing a job crisis, with the unemployment rate hovering around 8.1 per cent in April, according to Centre for Monitoring Indian Economy.

The specs
 
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Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
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Banned items
Dubai Police has also issued a list of banned items at the ground on Sunday. These include:
  • Drones
  • Animals
  • Fireworks/ flares
  • Radios or power banks
  • Laser pointers
  • Glass
  • Selfie sticks/ umbrellas
  • Sharp objects
  • Political flags or banners
  • Bikes, skateboards or scooters
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Dr Afridi's warning signs of digital addiction

Spending an excessive amount of time on the phone.

Neglecting personal, social, or academic responsibilities.

Losing interest in other activities or hobbies that were once enjoyed.

Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.

Experiencing sleep disturbances or changes in sleep patterns.

What are the guidelines?

Under 18 months: Avoid screen time altogether, except for video chatting with family.

Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.

Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.

Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.

Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.

Source: American Paediatric Association
Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

The specs: 2018 Chevrolet Trailblazer

Price, base / as tested Dh99,000 / Dh132,000

Engine 3.6L V6

Transmission: Six-speed automatic

Power 275hp @ 6,000rpm

Torque 350Nm @ 3,700rpm

Fuel economy combined 12.2L / 100km

MATCH INFO

Europa League final

Who: Marseille v Atletico Madrid
Where: Parc OL, Lyon, France
When: Wednesday, 10.45pm kick off (UAE)
TV: BeIN Sports

If you go

The flights

Fly direct to London from the UAE with Etihad, Emirates, British Airways or Virgin Atlantic from about Dh2,500 return including taxes. 

The hotel

Rooms at the convenient and art-conscious Andaz London Liverpool Street cost from £167 (Dh800) per night including taxes.

The tour

The Shoreditch Street Art Tour costs from £15 (Dh73) per person for approximately three hours. 

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Updated: July 22, 2024, 7:54 AM