Page 16 - Budget 2022

Top headlines: India Inc to benefit from capex push; Modi hails Budget 2022

Business Standard brings you the top headlines on Tuesday

Budget 2022 specifies customs duty change on several items

This would mean that imports become more expensive or cheaper usually depending on the change in customs duties

IndiGo terms Budget 2022 as growth-oriented, expects duty cut on jet fuel

Budget carrier IndiGo termed the Union Budget 2022-23 as "growth-oriented" while expecting a cut in the excise duty on jet fuel.

Budget is visionary, will boost Make in India & Atmanirbhar Bharat plans

Union Budget 2022 seems to be a visionary and simplified budget showcasing the long term focus of the government to take India @75 to India@100

A growth oriented Budget, forms basis for a structural rally in markets

It has been an extremely pragmatic Union Budget 2022-23 trying to create the right ecosystem for putting the Indian economy on a high growth

A slightly higher deficit number will not be taken negatively by market

Reduction in surcharge (capped at 15 per cent) on long term capital gains - is positive from financial markets

Budget 2022: WCD ministry allocated Rs 25,172 crore, rise of just 3%

The budget allocated to the Women and Child Development Ministry stood at Rs 25,172.28 crore in 2022-23, a slight increase of 3 per cent from Rs 24,435 crore that was given in 2021-22. Presenting the Budget for 2022-23, Finance Minister Nirmala Sitharaman said recognising the importance of 'Nari Shakti' as the harbinger of India's bright future and for women-led development during the 'Amrit Kaal', the government has comprehensively revamped the schemes of the Ministry of Women & Child Development. Accordingly, Mission Shakti, Mission Vatsalya, Saksham Anganwadi and Poshan 2.0 were launched recently to provide integrated benefits to women and children. The budget allocated for Saksham Anganwadi and POSHAN 2.0 (Umbrella ICDS - Anganwadi Services, Poshan Abhiyan, Scheme for Adolescent Girls) was Rs 20,263 crore, a small increase from Rs 20,105 crore in 2021-22. The budget allocated for Mission Shakti (Mission for Protection and Empowerment for Women) was Rs 3,184 crore in 2022-23, ..

Budget 2022 will make India self-reliant: Amit Shah

Union Home Minister Amit Shah said that the budget size of Rs 39.45 lakh crore, shows that the Indian economy is rapidly growing even in the Covid period

Budget 2022: Lost in big words signifying nothing, says Mamata

'Budget has zero for common people who are getting crushed by unemployment and inflation. The govt is lost in big words signifying nothing - A Pegasus Spin Budget,' Banerjee tweeted

Budget 2022: Massive capex push buoys infra, cement, steel stocks

A strong capital expenditure announced in Union Budget FY23 coupled with renewed focus on the affordable housing segment have led to a sharp jump in share prices of companies associated with infra

Budget 2022: PM Modi hails 'people-friendly and progressive' budget

Welfare of the poor is an important aspect of the Union Budget which is full of possibilities for more investments, infrastructure and jobs, Prime Minister Narendra Modi said on Tuesday

Budget 'very depressing', provides no relief to middle class: Shiv Sena

After the budget, Shiv Sena MP Vinayak Raut said the Union Budget 2022-23 only has jugglery of words like the PM-Gati Shakti, Atmanirbhar Bharat, while old schemes are presented as new

Union Budget aims to make India atmanirbhar, strong: Devendra Fadnavis

Maharashtra BJP leader Devendra Fadnavis on Tuesday said the Union budget aims to make India "atmanirbhar" (self-reliant) and "balashali" (strong).

Budget 2022: India catches up with global fad of digital currency

Crypto or digital currencies are the latest fad across the world and India will next fiscal, beginning April 1, have its own version of the same

Budget FY23: FM Sitharaman announces massive capex support to economy

In her Budget speech to Parliament on Tuesday, Finance Minister Nirmala Sitharaman proposed to increase the capital budget outlay by over 35 per cent

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: Rahul slams Modi govt, says nothing for middle class, poor

Rahul Gandhi tweeted, 'M0di G0vernment's Zer0 Sum Budget!' In his tweet, Rahul Gandhi deliberately put the figure 'zero' instead of the letter 'O', criticising the Budget in totality

Budget 2022: Realty stocks jump up to 6% as govt's FY23 capex hiked by 35%

Shares of real estate companies on Tuesday jumped up to 6 per cent after Finance Minister Nirmala Sitharaman announced allocation of whopping Rs 48,000 crore for completion of 80 lakh houses

Big infra push, 'crypto tax', and more: Highlights from Union Budget 2022

Boost for various sectors, but middle class taxpayers left in lurch again

Budget 2022-23: New law to replace existing Special Economic zones Act

To enable the ease of doing business in SEZ units, the government will also undertake reforms in customs administration of SEZs and make it fully IT driven.