Page 14 - Budget 2022 News

Budget: Govt to infuse Rs 44,720 cr into BSNL in FY23; Rs 3,300 cr for VRS

"The provision is made for capital infusion for 4G spectrum, technology up-gradation and restructuring in BSNL," the explanatory note in the document said

Supportive regulations to promote R&D will guide govt's approach: FM

Supportive policies and light-touch regulations to promote research & development will guide the government's approach, Finance Minister Nirmala Sitharaman said on Tuesday.

Visionary Budget, outlines govt's focus on making India self-reliant: BJP

Top BJP leaders on Tuesday said it outlines the Narendra Modi government's focus on a self-reliant India and is growth-oriented, with focus on harnessing the energies of New India.

Budget 2022 lacks special provision for farmers, common man: Rajasthan CM

Rajasthan Chief Minister Ashok Gehlot on Tuesday said the Union budget will further lead to rise in fiscal deficit and has no special provision for farmers, common man, poor and women.

Budget 2022: Crypto players hail move for legitimising bets on risky assets

'India is finally on the path to legitimising the crypto sector in India,' Nischal Shetty, founder and chief executive of crypto exchange WazirX, said

The budget focuses on the next few years and not the elections

The thrust of the Budget has been in infrastructure modernisation, says U R Bhat.

Budget 2022: FM unveils plan to fire economic engines to sustain recovery

Sitharaman said her budget proposals will directly benefit the country's youth, women, farmers, as well as public and private investment

Budget 2022: Modi govt's final Rs 52,000-crore goodbye to Air India

FM Nirmala Sitharaman announced the allocation of this amount towards clearing the airline's dues to various banks

Budget 2022: PM e-Vidya programme to be expanded to 200 TV channels

Finance Minister Nirmala Sitharaman announced on Tuesday that the government will expand the PM e-Vidya programme of 'One Class, One TV programme' from 12 to 200 TV channels

Capex proposals can be inflationary; equity, bond markets may not like it

The best part of the budget proposals has been the continuity in managing the fiscal situation and focus on capex spending without any negative surprises, says Andrew Holland.

Scope for single-window portal for green nod to projects to expand: FM

The government on Tuesday said single- window portal PARIVESH, launched for giving green nod to projects, has been significantly instrumental in reducing the time required for approvals

Budget 2022: Govt plans paradigm change in urban planning; to set up panel

Finance Minister Nirmala Sitharaman on Tuesday said the government plans to bring a "paradigm change" in urban planning in view of the rapid urbanisation in the country

Budget 2022: Tax deduction limit of state govt employees increased to 14%

Union Finance Minister Nirmala Sitharaman said that this would help in enhancing the social security benefits of the state government employees

FM's Budget speech shortest since 2019, lasts for 1 hours 31 minutes

With Nirmala Sitharaman's budget presentation lasting for about one hour 31 minutes on Tuesday, the Finance Minister's budget speech this year became the shortest ever since 2019.

Budget 2022: Battery swapping policy big booster for EVs, says industry

The Union Budget for 2022-23 aims at strengthening the whole ecosystem of the EV industry, which will spur the demand for green vehicles, the EV industry said on Tuesday.

Aspirational Districts Programme translated into reality in short time: FM

Nirmala Sitharaman on Tuesday said 95% of Aspirational Districts have made significant progress in key sectors such as health, nutrition, financial inclusion and basic infrastructure

Budget 2022: Govt extends ECLGS till Mar 2023; includes hospitality sector

Total guarantee cover expanded to Rs 5 trillion

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 2022: Imported headphones, umbrella, solar cells to be costlier

A large number of commonly used items, including headphones, earphones, loudspeakers, smart meters, solar modules will become more expensive due to a hike in customs duties on imported parts

Budget 2022: Centre to borrow Rs 11.6 trn in FY23 to meet expenditure needs

This is nearly Rs 2 trillion higher than the current year's Budget estimate of Rs 9.7 trillion