Page 15 - Budget 2022 News

Budget 2022: The unmistakable Gadkari mark in first part of FM's speech

Over-arching emphasis on ramping up transportation infra--christened PM Gati Shakti--is as much a brainchild of Gadkari than it is of PM Modi who launched it last October

Budget 2022 highlights: Crypto, NFT under tax net; no change in income tax

Budget 2022 highlights: Key changes announced by Nirmala Sitharaman during the Budget 2022 speech

Budget 2022: 68% capex for Defence set aside for domestic procurement

The minister said that defence research and development will be opened up for the industry, startups and academia with 25% of defence research and development budget earmarked

Budget 2022: Govt's subsidies to decline 39% to Rs 4,33,108 crore in FY22

The government's subsidies on food, fertilisers and petroleum are estimated to decline by 39% to Rs 4,33,108 crore in the current fiscal, according to the Budget document

Budget 2022: For every rupee in govt coffer, 58 paise to come from taxes

The government is also looking to earn 7 paise for every rupee from Union excise duty and 5 paise from customs duty

Relief for those with income above Rs 2 cr in capping of LTCG surcharge

'I propose to cap the surcharge on long term capital gains arising on transfer of any type of assets at 15%,' said FM in Budget speech

Budget 2022: Full text of Finance Bill as tabled in Lok Sabha by FM

Here is the full text of the Finance Bill as tabled in Lok Sabha by Finance Minister Nirmala Sitharaman

Union Budget 2022 proposes to introduce digital rupee to be issued by RBI

FM sees big push to digital economy, says digital currency will also lead to a more efficient and cheaper currency management system

Budget 2022: Full text of Annual Financial Statement tabled in Lok Sabha

Here is the full text of the Annual Financial Statement as tabled in Lok Sabha by Finance Minister Nirmala Sitharaman

What Budget 2022 holds for the individual taxpayer and the investor

While there was no change in the slabs and no deductions whatsoever, there was some relief for taxpayers who make a mistake in filing income-tax

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

Congress leader Rahul Gandhi on Tuesday dubbed the Union Budget for 2022-23 as a 'zero-sum budget', saying it has nothing for the salaried, middle class and the poor.

Investment-oriented Budget 2022 will put strain on liquidity for sure

RBI has a task on hands, and this time it will be different as private credit demand is likely to pick up. Hence liquidity management will need a different approach

Budget 2022: Full text of the memorandum of the Finance Bill tabled in LS

Here is the full text of the memorandum of the Finance Bill as tabled in Lok Sabha by Finance Minister Nirmala Sitharaman

'Extremely disappointing, a damp squib': Shashi Tharoor on Budget 2022-23

The Congress MP said there is no mention of MGNREGA, Defence or any other urgent priorities facing the public

Govt extends ECLGS scheme for MSMEs till Mar 2023; thrust on hospitality

Presenting the Budget 2022-23 in Parliament, the Finance Minister said the Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE) scheme will be revamped with required infusion of funds

Govt enhances PLI for domestic solar cells, modules to Rs 24,000 cr

With the increase in allocation to Rs 24,000 crore, the quantum of investments and domestic manufacturing capacity envisaged under the PLI scheme would further increase.

Budget 2022: Share of capital expenditure is the highest in 19 years

The last time such a large segment was allocated was in 2004-05

Rupee reverses gains, trading 22 paise lower at 74.87 post Budget speech

Investors were cautious after Finance Minister Nirmala Sitharaman on Tuesday said that the fiscal deficit in 2021-22 will be 6.9 per cent of GDP and 6.4 per cent in 2022-23, forex traders said

Budget 2022: Education expenditure set to cross Rs 1 trillion in 2022-23

The government has proposed one channel per class in all vernaculars, taking the number of channels from 12 to 200

Budget 2022: 30% tax on income from cryptocurrency, virtual assets, says FM

'I propose to provide that any income from transfer of any virtual digital asset shall be taxed at the rate of 30%,' said FM Sitharaman