Union Budget

Reduction in import duty on raw materials and finished products of steel, and higher allocation under infrastructure and housing for all schemes in the Budget could augur well for domestic industry

The measures, overall, will push private capex higher at a time when the global economy is facing recessionary headwinds, says Andrew Holland

Prime Minister Narendra Modi is planning to rehabilitate people living along the international borders by providing them with all basic facilities, Pramanik said

While the Department for Promotion of Industry and Internal Trade (DPIIT) had sought Rs 10,267 crore from the finance ministry for FY23, it received Rs 8,348-crore allocation.

Can RBI afford the luxury of waiting out on the inflation front to allow growth to pick up?

Expenditure on the MGNREGA scheme in FY22 is pegged at 1,13,311.23 cr, so even if the Centre uses all if the Rs 98,000 cr allocated to the scheme, a huge sum will remain uncleared.

Union Finance Minister Nirmala Sitharaman on Monday said the Union Budget for 2022-23, which she had presented, stands for continuity to provide a tax predictable regime

Sitharaman said the 2022 Budget was a continuity of the previous budget last year which was more exhaustive in laying out the formulation, principle and then provide stability for revival from Covid

Prime Minister Narendra Modi on Thursday said the focus of the Union Budget 2022-23 is on making the agriculture sector modern and smart. Discussing ways in which the Budget will contribute to strengthening the agriculture sector, Modi said in the last seven years, the government has taken several initiatives for the entire agri value chain from seed to market and also improved the old systems. Addressing a post-budget webinar on smart agriculture, he said agriculture budget has increased manifold in just six years and farm loans for farmers have also been increased by 2.5 times in seven years. The Prime Minister said that in the recent Budget, seven main avenues have been suggested to make agriculture modern and smart. These include natural farming on mission mode along the Ganges with 5 km wide corridors on both sides of the river, making available modern technology, and providing facilities like regular banking at more than 1.5 lakh post offices. Modi called upon the startups to

Digital connectivity of villages is no longer an aspiration but the need of the day, Prime Minister Narendra Modi said on Wednesday."Digital connectivity of villages is no longer an aspiration but the need of the day. Broadband connectivity will not only provide facilities in the villages, but it will also help in creating a large pool of skilled youth in the villages," said Prime Minister Narendra Modi while addressing a programme on the Union Budget 2022."When the service sector expands with broadband connectivity in the village, the country's potential will increase further. If there are any problems in optical fiber connectivity, then we have to identify them and find solutions," the Prime Minister said.He said that the citizens of the country need to inform the rural population about the proper usage of optical fibre networks."We need to identify and solve all optical fibre connectivity issues across the nation's rural areas. We also need to inform the rural population about the .

Over half of the union budget for the Ministry of Law and Justice is for election-related expenditure.

The revival of economic growth was the foremost priority of the Union Budget FY23, said Finance Minister Nirmala Sitharaman

Prime Minister Modi asserted that digital connectivity is what kept the education system running in this time of global pandemic.

Beyond what Sitharaman said about the procurement process in 2021-22, there are several dimensions to this

FY23 Budget proposals, recent monetary policy set tone for broad-based economic revival, says RBI

Cutting rural employment guarantee commitments in the Budget despite a build-up of distress was termed as 'perplexing' by India Ratings

Revenue Secy says govt wanted a stable and predictable tax regime, so very little tinkering was done in the Union Budget

Nirmala Sitharaman on Friday said in the Rajya Sabha that the Budget 2022-23 stood for continuity, was forward looking and has a vision for 'India at 100'.

Leader of Opposition in Lok Sabha Adhir Ranjan Chowdhury on Thursday said that there is nothing in the Union Budget for the poor, farmers and middle class.Chowdhury said, "Budget documents are perceived to be a roadmap for the future but here is what I have found there may be a map but there is no road in this Budget. The Budget document is nothing but a sheer rigmarole and rumbling stories much to the confusion of common people.""The budget which has come on the backdrop of retail inflation over 6 per cent has nothing on controlling price rise. Unemployment and inflation have crossed record highs. We can summarise the Budget as a zilch," he added.Citing the National Survey Report of September 2021, he pointed out that the average income of farmers is mere Rs 27/day and the average debt of a farmer is Rs 74,000."National Survey Report of Sept 2021 pointed out that average income of farmers is mere Rs 27/day and average debt of a farmer is Rs 74,000. The double whammy is that the per ..

Bond yields, which shot up significantly after the Union Budget announced a larger-than-expected borrowing, got some relief after the central bank delivered an extremely dovish policy