Page 14 - Latest Updates on Nirmala Sitharaman
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")
Cryptocurrency tax: FM says cryptos not issued by RBI, so not currencies
'A currency is a currency only when it is issued by a central bank, even if it's a crypto,' says FM Sitharaman at a post-Budget press conference
 "Cryptocurrency tax: FM says cryptos not issued by RBI, so not currencies")
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: Didn't raise taxes, capex to provide more employment, says FM")
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: 'Push to infra to have multiplier effect on core sectors'")
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: 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.
Budget 2022 will make India self-reliant: Amit Shah
Union Home Minister Amit Shah said that the budget size of Rs 39.45 lakh crore, shows that the Indian economy is rapidly growing even in the Covid period
 "Budget 2022 will make India self-reliant: Amit Shah")
Budget 2022: Lost in big words signifying nothing, says Mamata
'Budget has zero for common people who are getting crushed by unemployment and inflation. The govt is lost in big words signifying nothing - A Pegasus Spin Budget,' Banerjee tweeted
 "Budget 2022: Lost in big words signifying nothing, says Mamata")
Budget 2022 seeks to support economic growth momentum, say bankers
Focus on clean energy, infrastructure, agriculture, MSME, education, digital economy, hospitality and transportation logistics will help growth of the economy, MD&CEO Bandhan Bank said
 "Budget 2022 seeks to support economic growth momentum, say bankers")
Budget 'very depressing', provides no relief to middle class: Shiv Sena
After the budget, Shiv Sena MP Vinayak Raut said the Union Budget 2022-23 only has jugglery of words like the PM-Gati Shakti, Atmanirbhar Bharat, while old schemes are presented as new
 "Budget 'very depressing', provides no relief to middle class: Shiv Sena")
