Page 14 - Latest Updates on Nirmala Sitharaman
FM Sitharaman's fourth Budget: Boost to credit for digital infra
Sitharaman has given infrastructure status to data centre and energy storage system, a move that will facilitate credit availability for digital infrastructure
 "FM Sitharaman's fourth Budget: Boost to credit for digital infra")
FM Nirmala Sitharaman invokes Mahabharata; Mallikarjun Kharge hits back
Invoking a verse from the epic Mahabharata, Nirmala Sitharaman announced steps to further simplify the tax system and promote voluntary compliance.
 "FM Nirmala Sitharaman invokes Mahabharata; Mallikarjun Kharge hits back")
People should desist from making uninformed comments: FM on Rahul's remarks
Nirmala Sitharaman took a swipe at Rahul Gandhi for what she called as making uninformed comment on the budget and said he should first implement what he preaches in states governed by his party.
 "People should desist from making uninformed comments: FM on Rahul's remarks")
Budget 2022: Govt subsidies to fall 39% to Rs 4.3 trn in FY22
For the next fiscal, the government said total subsidies are estimated to further decline to Rs 3,17,866 crore from Rs 4,33,108 crore in the current fiscal
 "Budget 2022: Govt subsidies to fall 39% to Rs 4.3 trn in FY22")
Budget: There was room for more direct support, says hospitality industry
The government has extended the ECLGS up to March 2023 and earmarked an additional Rs 50,000 cr for hospitality and related sectors
 "Budget: There was room for more direct support, says hospitality industry")
Budget 2022: Here's what will get costlier and what will be cheaper
Imported cut and polished diamonds, frozen mussels, frozen squids, asafoetida, cocoa beans, methyl alcohol and acetic acid will become cheaper as a result of rationalisation in customs duties
 "Budget 2022: Here's what will get costlier and what will be cheaper")
Budget 2022: Centre lowers FY23 divestment target to Rs 65K crore
The Centre had planned major divestments and strategic sale of Air India, BPCL, public sector banks, an insurance company amongst others
 "Budget 2022: Centre lowers FY23 divestment target to Rs 65K crore")
Budget 2022: Govt pegs STT collection at Rs 20,000 cr for FY23
The sharp increase in budget estimate for the next fiscal could be on account of government's confidence in the securities market
 "Budget 2022: Govt pegs STT collection at Rs 20,000 cr for FY23")
Budget 2022: Govt allocates Rs 3,050 crore to Ministry of Ayush
The Ministry of Ayush has received an allocation of Rs 3,050 in the Union Budget 2022-23, a slight increase of 2.69 per cent from 2021-22 when Rs 2,970 crore was earmarked for it.
 "Budget 2022: Govt allocates Rs 3,050 crore to Ministry of Ayush")
Budget 2022: Growth-oriented and transformative, says CII Director General
'We are confident that the growth projection made by the Economic Survey at 8-8.5 per cent in 2022-23 will be met,' the CII DG Chandrajit Banerjee averred
 "Budget 2022: Growth-oriented and transformative, says CII Director General")
Industry hails infrastructure push through Gati Shakti, PPP in Budget
Industry players said the proposal in Union Budget to fund infrastructure through 'Gati Shakti' and public private partnerships will mark the escalation of economic prosperity.
 "Industry hails infrastructure push through Gati Shakti, PPP in Budget")
Budget 2022: Didn't raise taxes, capex to provide more employment, says FM
FM pointed out that the 'Production Linked Incentive' scheme for 14 sectors will also be a trigger for job creation
Budget 2022: 'Focus on multi-modal connectivity to boost logistics sector'
Finance Minister Nirmala Sitharaman in her Budget speech on Tuesday said the PM Gati Shakti National Master Plan is a transformative approach for economic growth and sustainable development
 "Budget 2022: 'Focus on multi-modal connectivity to boost logistics sector'")
Budget 2022: Consumer electronics players lament no reduction in GST
Consumer electronics manufacturers were left disappointed on Tuesday as there was no concession or GST rationalisation on smart TVs and other products in the Union Budget 2022-23.
 "Budget 2022: Consumer electronics players lament no reduction in GST")
Budget 2022: Taxpayers can file updated I-T returns within two years
The Finance Minister said this would give taxpayers an opportunity to correct any omissions or mistakes in correctly estimating their income for tax payment
 "Budget 2022: Taxpayers can file updated I-T returns within two years")
Budget 2022: Govt raises farm credit target to Rs 18 lakh cr for FY23
About Rs 7.36 lakh crore agri-credit has been disbursed to farmers during the first six months of the 2021-22 fiscal year against the target of Rs 16.50 lakh crore, according to the Economic Survey
 "Budget 2022: Govt raises farm credit target to Rs 18 lakh cr for FY23")
Budget 2022: Very little mention of health care sector, says Naresh Trehan
Earlier on Tuesday, Finance Minister Nirmala Sitharaman while presenting the budget 2022-2023 announced the rollout of an open platform for the national health ecosystem
 "Budget 2022: Very little mention of health care sector, says Naresh Trehan")
Budget 2022: Rs 2,600 cr for office buildings in Central Vista project
Six infrastructure firms, including Tata Projects Limited, L&T Limited and Shapoorji Pallonji and Company Limited, are in the race to win the contract to construct the Executive Enclave
 "Budget 2022: Rs 2,600 cr for office buildings in Central Vista project")
Budget 2022: 'Push to infra to have multiplier effect on core sectors'
This is likely to have a multiplier effect on the core sector industries like steel and cement, and in turn give a to boost the domestic refractory industry, IRMA said in a statement
Budget 2022: WCD ministry allocated Rs 25,172 crore, rise of just 3%
The budget allocated to the Women and Child Development Ministry stood at Rs 25,172.28 crore in 2022-23, a slight increase of 3 per cent from Rs 24,435 crore that was given in 2021-22.
