Page 17 - Budget 2022 News

Govt committed to reduce imports in defense sector: FM Sitharaman

The government is committed to reduce imports and promote self-reliance in the defence sector, Finance Minister Nirmala Sitharaman said on Tuesday

'Additional allocation of Rs 19,500 cr for solar modules under PLI scheme'

Finance Minister Nirmala Sitharaman on Tuesday said Rs 19,500 crore additional allocation under the PLI scheme for manufacturing high efficiency solar modules has been made

Spectrum auction to be conducted for 5G rollout by 2022-23: Sitharaman

In her Union Budget 2022-23 speech, she also said voluntary exit for corporates will be cut down to 6 months from 2 years

Govt to promote Kisan Drones, chemical-free natural farming in 2022-23: FM

Presenting the Budget 2022-23 in Parliament, Sitharaman said the inclusive development is one of the four priorities of the government moving forward

PLI scheme may generate 6 million jobs in next 5 years: FM Sitharaman

Presenting the Union Budget 2022-23, her fourth budget to date, she said that the PLI schemes have received tremendous response

100 PM Gati Shakti Cargo terminals to be developed in 3 years: FM

Finance Minister Nirmala Sitharaman on Tuesday said that 100 cargo terminals will be developed during the next three years under the PM Gati Shakti master plan.

Budget 2022: New scheme for North East to be launched, says FM Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday proposed to launch a new scheme PM Development Initiative for North East, to promote the growth of the region.

150,000 post offices in India to be connected to core banking system: FM

All 150,000 post offices will be connected to the core banking system that will enable people to access their account online and also transfer money within post office accounts and to other banks

Natural farming will be promoted along Ganga river corridor: FM

In her Budget Speech 2022-23, she also informed that two lakh anganwadis will be upgraded for improving child health

Scheduled commercial banks to set up 75 digital banks in 75 districts: FM

Scheduled commercial banks will set up 75 digital banks in 75 districts to encourage digital payments, Finance Minister Nirmala Sitharaman said on Tuesday

Budget 2022: ECLGS scheme to be extended till Mar 2023, says FM Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday proposed to further extend the Emergency Credit Line Guarantee Scheme (ECLGS) till March 2023, with an expanded guarantee cover of Rs 5 lakh crore.

Digital university to be set up to provide education: FM Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday proposed to set up a digital university to provide education that will be built on a hub and spoke model

Rs 6,000-cr programme to rate MSMEs to be rolled out in 5 yrs: Sitharaman

As part of initiatives to promote digital infrastructure, a desh stack e-portal will be launched, she noted in her presentation of the Union Budget for 2022-23

Budget 2022: 400 new Vande Bharat trains to be introduced, says FM

She also said that a rationalised scheme to increase domestic oilseed production will be brought in to cut down imports

National Highways to be expanded by 25,000 km in 2022-23: FM

She also said multimodal logistic parks will also be set up in 2022-23

This Budget will continue to provide impetus to growth: FM Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday said that this year's Budget would continue to provide impetus to growth

Big private investment in infra would be guided by Gati Shakti: Sitharaman

Big private investment in infrastructure would be guided by Gati Shakti, Finance Minister Nirmala Sitharaman said on Tuesday

Railways to develop new products for small farmers, MSMEs: FM

Railways will develop new products for small farmers and MSMEs, Finance Minister Nirmala Sitharaman said on Tuesday.

Economic growth expected at 9.2% during current fiscal: FM Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday said the country's economic growth is expected at 9.2% in the current financial year, on the back of a sharp rebound in the economy

Union Cabinet approves the Union Budget for 2022-23

The Union Cabinet headed by Prime Minister Narendra Modi on Tuesday approved the Budget 2022-23, sources said.