Page 14 - Budget 2022

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

Shares of companies related to infrastructure, construction, roads and highways on Tuesday jumped after Finance Minister Nirmala Sitharaman said national highways will be expanded by 25,000 kilometre during 2022-23. The stock of Gayatri Projects zoomed 6.42 per cent, Hindustan Construction Company jumped 4.97 per cent, IL&FS Engineering and Construction Company (4.73 per cent), GPT Infraprojects (2.39 per cent), PNC Infratech (1.41 per cent), Ashoka Buildcon (1.32 per cent) and Dilip Buildcon (1.13 per cent) on the BSE. Finance Minister Nirmala Sitharaman on Tuesday said national highways will be expanded by 25,000 km during 2022-23 and the national ropeway development programme will be taken up in the public-private partnership (PPP) mode. Sitharaman announced this while presenting Budget 2022-23 in Parliament. She also said contracts for the implementation of multimodal logistics parks at four locations through the PPP mode will be awarded in 2022-23. The finance minister said .

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

Congress better alternative for people of Uttar Pradesh: Sachin Pilot

"The Congress party has focused on women, farmers and the youth in its manifesto," he 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

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 on Tuesday 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. The IT body said while there were certain areas that were left unaddressed like enabling clarifications to allow units in SEZs flexibility to adopt hybrid work model and taxing employees only when they sell the shares, overall this is a healthy budget with a focus towards the future. "Strengthening the collective vision for an inclusive Digital Bharat, the Union Budget 2022 sets the tone for India's techade. The government's sharp focus on technology-enabled development and aligned investments in key sectors like healthcare, fintech, education, infrastructure, R&D, start-ups, agriculture and manufacturing is a testament to India's technology prowess and the capabilities of the Indian technology industry to provide a fillip to sectors across," Nasscom said in a statement. It added that the budget ...

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.

RS to debate motion of thanks to Prez address for 12 hrs, Budget for 11 hrs

Rajya Sabha will debate on the motion of thanks on the president's address for 12 hours and the prime minister is likely to reply on February 8

Market wrap: Bulls cheer Budget 2022; Sensex, Nifty end 1.4% higher

Nifty Metal index soars 4%; Tata Steel, SAIL rally; ITC jumps to 7-week high as no tobacco tax relieves investors; Sun Pharma hits new 52-week high post Q3 results; Govt brings cryptos under tax net

Budget has laid road map for long term development: Ashok Leyland

The Union Budget presented by Nirmala Sitharaman has laid the road map for long-term development over the next 25 years, a top official of city-based Hinduja Group flagship Ashok Leyland said

Budget 2022: Here's what will get costlier and what will be cheaper

Imported cut and polished diamonds, frozen mussels, frozen squids, asafoetida, cocoa beans, methyl alcohol and acetic acid will become cheaper as a result of rationalisation in customs duties

Union Budget 2022-23: BJP, JJP hail it; Congress and INLD slam it

Chief Minister M L Khattar hailed the budget, terming it as "pro-farmers"

MSME sector group hails budget; another trade body dismayed over tax sops

A leading organisation representing MSMEs praised the Union Budget for 2022-23, saying its proposals are based on "long-term thinking"

Budget 2022: Ministry of Science and Technology allocated Rs 14,217 crore

The Ministry of Science and Technology has been allocated Rs 14,217 crore in the Union Budget 2022-23, a 3.9 per cent decrease from last fiscal. The ministry has three departments Department of Science and Technology (DST), Department of Biotechnology and Department of Scientific and Industrial Research (DSIR). An amount of Rs 6,000 crore has been allocated to the Department of Science and Technology, Rs 2,581 crore to the Department of Biotechnology and Rs 5,636 crore have been allocated to the Department of Scientific and Industrial Research. All these departments played a key role in combating the COVID-19 pandemic in the country. The Central Sector Schemes under the Department of Science and Technology were allocated Rs 2,894 crore, a drop from Rs 2,915 crore in 2021-22. At the same time, Rs 1,680 crore have been allocated to central sector schemes under the Department of Biotechnology, a drop from Rs 2,620 crore in 2021-22. Also, Rs 39 crore have been allocated to the Centr

Rs 1,711 cr earmarked for union cabinet, ministers salaries, travel, others

The Union Budget allocated Rs 1,711.04 crore for a host of expenditure of the Union Cabinet that includes salaries, sumptuary and travel by central ministers among others.

Budget 2022: Govt pegs STT collection at Rs 20,000 cr for FY23

The sharp increase in budget estimate for the next fiscal could be on account of government's confidence in the securities market