Page 10 - Budget 2022 News

Budget 2022: Reforming SEZ Act to enhance competitiveness, says industry

The government will rewrite a new law to replace the existing SEZ Act as it seeks to enhance exports, FM Sitharaman said on Tuesday.

Budget: Concessional rate dumped, foreign dividends now under tax ambit

The provisions of this section shall not apply from assessment year 2023-24 onwards, according to the Finance Bill

Budget 2022: Markets cheer thrust on capex; Sensex rises 848 points

From highs to lows, Sensex saw a movement of 1,294 points but managed to finish strong

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

Consumption theme could underperform as Budget 2022 goes big on infra

Higher inflation and cost of capital remain key worries amid expansion

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.

Union Budget proposals to boost growth and generate jobs, say experts

The Budget proposals on capital expenditure, MSME sector, and digital banking will boost growth and promote job creation, say experts

Old 'jumlas' and attack on subsidies: Priyanka Gandhi Vadra on Union Budget

Priyanka Gandhi Vadra slammed the Union Budget, saying it was nothing but old "jumlas (rhetoric)" and an "attack on subsidies".

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.

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

Nothing for middle class, poor in Union Budget, says Rahul Gandhi

"Rahul Gandhi has a problem with mathematics, he will look at everything which has a sum of zero," Goyal said

Budget failed to meet expectations of farmers, women & public: Siddaramaiah

Ex-Karnataka chief minister Siddaramaiah said the Union budget failed to meet the expectations of farmers, women and people at large.

In a first, animation and gaming segment finds place in Budget 2022

FM Sitharaman announces setting up of promotion task force in this space, industry hails move

Railway's operating ratio pegged at 96.98% in 2022-23 on capex push

Highest ever capital expenditure at Rs 2.45 trillion; Operating ratio for 2021-22 revised downward to 98.93%

Rahul does not understand maths, finds sum of everything zero: Piyush Goyal

Goyal's remarks came against the backdrop of Rahul Gandhi's calling the Union Budget 2022-23 a zero-sum budget

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

Most capitalist Budget, inequality rising in India rapidly: P Chidambaram

P Chidambaram said the Union Budget was the "most capitalist" with nothing for the poor and farmers while sops were being provided to big industrialists turning India into a very "unequal country"

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 sets tone for making India a global hub in tech innovation: Nasscom

IT industry body Nasscom said the Union Budget 2022 sets the tone for India's 'techade' and establishing the country as a global hub in terms of technology innovation.

Budget fails to cheer healthcare industry as long standing demands unmet

Leading healthcare providers rued that the Budget has failed to address many of the long pending demands of the industry.