Page 3 - Latest Updates on Budget Speech
A pragmatic Budget amidst a challenging global environment
The proposal to defer the filing of an appeal by the tax authority where the question of law is pending before the jurisdictional Hc or Sc would help reduce the administrative workload
Union Budget 2022: Agriculture, rural could do with more stimulus
Food, fertiliser, petroleum subsidies were lower in FY23, compared with FY22
Union Budget provides less for food and fertiliser subsidies
The petroleum subsidy is pegged at Rs 5,813 crore, which is 11 per cent less
 "Union Budget provides less for food and fertiliser subsidies")
Budget 2022: FM focuses on boosting rural infra, digitising agriculture
Budget for agri, allied activities rose by a nominal 2.5% for FY23, compared to FY22 RE
 "Budget 2022: FM focuses on boosting rural infra, digitising agriculture")
Shares of companies related to infra, construction, roads jump post Budget
The finance minister said Rs 20,000 crore will be mobilised through innovative ways of financing to complement the public resources
 "Shares of companies related to infra, construction, roads jump post Budget")
Union Budget 2022-23: BJP, JJP hail it; Congress and INLD slam it
Chief Minister M L Khattar hailed the budget, terming it as "pro-farmers"
 "Union Budget 2022-23: BJP, JJP hail it; Congress and INLD slam it")
Climate action takes centre stage in Union Budget: More Intent, Less Money
Budget falls short of making significant budgetary allocation to key sectors of energy efficiency, sustainability and clean tech
 "Climate action takes centre stage in Union Budget: More Intent, Less Money")
Budget 2022: India Inc to benefit from govt's massive capex push
Companies to bag for roads, railways and defense projects
 "Budget 2022: India Inc to benefit from govt's massive capex push")
Budget lacks major steps to enhance revenue to off-set spending: Moody's
Deficit target of 6.4% poses uncertainty due to pandemic risks
 "Budget lacks major steps to enhance revenue to off-set spending: Moody's")
Budget 2022: The unmistakable Gadkari mark in first part of FM's speech
Over-arching emphasis on ramping up transportation infra--christened PM Gati Shakti--is as much a brainchild of Gadkari than it is of PM Modi who launched it last October
 "Budget 2022: The unmistakable Gadkari mark in first part of FM's speech")
Budget 2022 highlights: Crypto, NFT under tax net; no change in income tax
Budget 2022 highlights: Key changes announced by Nirmala Sitharaman during the Budget 2022 speech
 "Budget 2022 highlights: Crypto, NFT under tax net; no change in income tax")
Union Budget 2022 proposes to introduce digital rupee to be issued by RBI
FM sees big push to digital economy, says digital currency will also lead to a more efficient and cheaper currency management system
 "Union Budget 2022 proposes to introduce digital rupee to be issued by RBI")
Budget 2022: Full text of the memorandum of the Finance Bill tabled in LS
Here is the full text of the memorandum of the Finance Bill as tabled in Lok Sabha by Finance Minister Nirmala Sitharaman
 "Budget 2022: Full text of the memorandum of the Finance Bill tabled in LS")
'Extremely disappointing, a damp squib': Shashi Tharoor on Budget 2022-23
The Congress MP said there is no mention of MGNREGA, Defence or any other urgent priorities facing the public
 "'Extremely disappointing, a damp squib': Shashi Tharoor on Budget 2022-23")
Govt enhances PLI for domestic solar cells, modules to Rs 24,000 cr
With the increase in allocation to Rs 24,000 crore, the quantum of investments and domestic manufacturing capacity envisaged under the PLI scheme would further increase.
 "Govt enhances PLI for domestic solar cells, modules to Rs 24,000 cr")
Full text of Finance Minister Nirmala Sitharaman's Budget 2022 speech in LS
Here is the full text of Finance Minister Nirmala Sitharaman's Budget 2022 in Lok Sabha
 "Full text of Finance Minister Nirmala Sitharaman's Budget 2022 speech in LS")
Govt pegs fiscal deficit for FY22 a tad higher at 6.9%, for 2022-23 at 6.4%
The fiscal deficit or the gap between expenditure and revenue was estimated at 6.8 per cent of the gross domestic product (GDP) in the current financial year ending March 31, 2022
 "Govt pegs fiscal deficit for FY22 a tad higher at 6.9%, for 2022-23 at 6.4%")
FM Sitharaman proposes cut in customs duties on certain chemicals
She also announced a reduction in customs duty on cut and polished diamond, gemstones to 5 per cent
 "FM Sitharaman proposes cut in customs duties on certain chemicals")
8 million houses under PM Awas Yojana in 2022-23: FM Sitharaman
The Finance Minister further stated that the central government will work with state government for reduction of time required for all land and construction related approvals
 "8 million houses under PM Awas Yojana in 2022-23: FM Sitharaman")
Rs 60,000 cr allocated to provide tap water connections to households: FM
Presenting the Union Budget 2022-23, she also informed that the government has decided to extend the period of incorporation by one year up to March 31, 2023, for startups to avail tax incentives
 "Rs 60,000 cr allocated to provide tap water connections to households: FM")
