Page 16 - Budget 2022 News
Govt pegs fiscal deficit for FY22 a tad higher at 6.9%, for 2022-23 at 6.4%
The fiscal deficit or the gap between expenditure and revenue was estimated at 6.8 per cent of the gross domestic product (GDP) in the current financial year ending March 31, 2022
 "Govt pegs fiscal deficit for FY22 a tad higher at 6.9%, for 2022-23 at 6.4%")
Full text of Finance Minister Nirmala Sitharaman's Budget 2022 speech in LS
Here is the full text of Finance Minister Nirmala Sitharaman's Budget 2022 in Lok Sabha
 "Full text of Finance Minister Nirmala Sitharaman's Budget 2022 speech in LS")
FM Sitharaman proposes cut in customs duties on certain chemicals
She also announced a reduction in customs duty on cut and polished diamond, gemstones to 5 per cent
 "FM Sitharaman proposes cut in customs duties on certain chemicals")
Budget 2022: No change in personal income tax rates
FM Sitharaman also did not raise standard deduction, which was widely anticipated in view of elevated inflation levels and impact of the pandemic on the middle class
 "Budget 2022: No change in personal income tax rates")
'Betrayal of middle and salaried class', Cong slams govt on Budget
After Finance Minister Nirmala Sitharaman did not announce any tax relief in the Budget for the year 2022-23, the Congress on Tuesday slammed the government for betraying the middle and salaried class
 "'Betrayal of middle and salaried class', Cong slams govt on Budget")
Task force on animation, gaming, comic promotion to be set up: FM
Finance Minister Nirmala Sitharaman on Tuesday said a task force on animation visual effects, gaming and comic promotion will be set up to recommend ways to serve markets and global demand.
 "Task force on animation, gaming, comic promotion to be set up: FM")
GST collection at record Rs 1.40 trillion in Jan on rapid eco recovery: FM
GST collections touched a record of Rs 1.40 trillion in January on rapid economic recovery, Finance Minister Nirmala Sitharaman said on Tuesday
 "GST collection at record Rs 1.40 trillion in Jan on rapid eco recovery: FM")
FM Sitharaman unveils budget aimed at spurring spending to support growth
Total expenditure in 2022/23 seen at Rs 39.45 trillion
 "FM Sitharaman unveils budget aimed at spurring spending to support growth")
8 million houses under PM Awas Yojana in 2022-23: FM Sitharaman
The Finance Minister further stated that the central government will work with state government for reduction of time required for all land and construction related approvals
 "8 million houses under PM Awas Yojana in 2022-23: FM Sitharaman")
Budget 2022: Gati Shakti to gather pace with 25,000 km highway expansion
Plan outlay set at Rs 100 trillion for multi-modal connectivity; 16 ministries to work on integrated infra development, including railways, roads, oil and gas, power, telecom, shipping and aviation
 "Budget 2022: Gati Shakti to gather pace with 25,000 km highway expansion")
Budget 2022: Int'l arbitration centre to be set up at GIFT City, says FM
Finance Minister Nirmala Sitharaman on Tuesday announced that an international arbitration centre will be set up at GIFT City to provide faster dispute resolution.
 "Budget 2022: Int'l arbitration centre to be set up at GIFT City, says FM")
Digital Rupee proposed to be introduced by RBI from 2022-23: Sitharaman
Digital Rupee is proposed to be introduced by RBI using blockchain technology starting from 2022-23, Finance Minister Nirmala Sitharaman said on Tuesday.
 "Digital Rupee proposed to be introduced by RBI from 2022-23: Sitharaman")
Budget 2022: RBI to issue digital rupee using blockchain in FY23, says FM
The government has also decided to levy 30% tax, the highest tax band in India, on income arising out of digital assets, says FM Sitharaman
 "Budget 2022: RBI to issue digital rupee using blockchain in FY23, says FM")
Budget 2022: Sitharaman says RBI to launch digital cryptocurrency
India's central bank has voiced 'serious concerns' around private cryptocurrencies on the grounds that these may cause financial instability
 "Budget 2022: Sitharaman says RBI to launch digital cryptocurrency")
India to introduce new policy for battery swapping in clean mobility push
Shares of Indian battery makers Amara Raja Batteries and Exide Industries rose 2% after the announcement
 "India to introduce new policy for battery swapping in clean mobility push")
Data centre, energy storage system to be given infrastructure status: FM
Finance Minister Nirmala Sitharaman on Tuesday said data centre and energy storage system will be given infrastructure status to provide easy financing to the sector
 "Data centre, energy storage system to be given infrastructure status: FM")
Four pilot projects for coal gasification to be set up: Sitharaman
Gasification of coal is a process in which coal is partially oxidated by air, oxygen, steam or carbon dioxide under controlled conditions to produce a fuel gas
 "Four pilot projects for coal gasification to be set up: Sitharaman")
Spectrum auctions in 2022 to facilitate roll-out of 5G services: FM
The government will conduct a spectrum auction this year, which will facilitate the roll-out of 5G services by private telecom operators during the financial year 2022-23, Finance Minister said
 "Spectrum auctions in 2022 to facilitate roll-out of 5G services: FM")
FM proposes to issue sovereign green bonds to mobilise resources
Finance Minister Nirmala Sitharaman on Tuesday proposed to issue sovereign green bonds to mobilise resources as part of the government's borrowing programme
FM Sitharaman proposes battery swapping policy for EV charging stations
She also announced the introduction of modern building by-laws
 "FM Sitharaman proposes battery swapping policy for EV charging stations")
