Page 17 - Budget 2022

Budget 2022: Slashed asset sale target raises questions about LIC IPO

'We should not conjecture on size of LIC IPO as valuation still underway,' says DIPAM Secretary

Budget 2022: Fillip to start-ups, ESOPs by capping LTCG surcharge at 15%

At present, long-term capital gains on listed stocks are liable to 15% surcharge max, while other long term capital gains suffer a graded surcharge which goes up to 37%

Budget 2022 to promote modern infrastructure in country, says Nitin Gadkari

Union Minister Nitin Gadkari on Tuesday hailed the Union Budget presented in the Parliament on Tuesday and said that this budget will promote modern infrastructure in the country."The budget presented by the Finance Minister Mrs @nsitharaman under the guidance of @narendramodi is a budget to promote modern infrastructure in the country, which will lay the foundation for a new India and improve the lives of 130 crore Indians. #AtmaNirbharBharatKaBudget," tweeted the Union Minister.Union Minister for Finance and Corporate Affairs Nirmala Sitharaman presented the Union Budget in Parliament today.In her address, she said that India's economic growth in the current year is estimated to be 9.2 per cent, the highest among all large economies. "The overall, sharp rebound and recovery of the economy from the adverse effects of the pandemic is reflective of our country's strong resilience," she said."PM Gati Shakti Master Plan for Expressways to be formulated in 2022-23, to facilitate faster ...

Union Budget disappointing, nothing in it for common people: Kejriwal

AAP national convenor noted that people had 'high expectations' from the Union Budget during the corona period but there is nothing in it either for the common people or to reduce price rice

Budget 2022: Ken-Betwa river link to be completed with Rs 44,605 crore

The implementation of Ken-Betwa rivers linking at an estimated cost of Rs 44,605 crore will be taken up, Finance Minister Nirmala Sitharaman said on Tuesday.

Budget 2022 inks blueprint for India for next 25 years: Goa CM Sawant

The budget presented by Union Finance Minister Nirmala Sitharaman will lay a blueprint for India for the next 25 years, Goa Chief Minister Pramod Sawant said on Tuesday.

Budget: Govt to infuse Rs 44,720 cr into BSNL in FY23; Rs 3,300 cr for VRS

"The provision is made for capital infusion for 4G spectrum, technology up-gradation and restructuring in BSNL," the explanatory note in the document said

Bulls cheer Budget 2022; Sensex ends 848 pts higher, Nifty above 17,550

Sectorally, the Nifty PSU Bank index ended in the red, down 0.6 per cent, as the Budget document remained silent on PSB privatisation

Supportive regulations to promote R&D will guide govt's approach: FM

Supportive policies and light-touch regulations to build domestic capacities and promote research & development will guide the government's approach, Finance Minister Nirmala Sitharaman said on Tuesday. Presenting the Union Budget 2022-23, Sitharaman said government contribution will be provided for R&D in "sunrise opportunities". "Artificial Intelligence (AI), Geospatial Systems and Drones, semiconductor and its ecosystem, Space Economy, genomics and pharmaceuticals, green energy, and clean mobility systems have immense potential to assist sustainable development at scale and modernise the country," she said. These areas provide employment opportunities for youth and make Indian industry more efficient and competitive, the minister added. "Supportive policies, light-touch regulations, facilitative actions to build domestic capacities, and promotion of R&D will guide the government's approach," Sitharaman said. She added that for R&D in these sunrise opportunities - in

Visionary Budget, outlines govt's focus on making India self-reliant: BJP

Top BJP leaders on Tuesday said it outlines the Narendra Modi government's focus on a self-reliant India and is growth-oriented, with focus on harnessing the energies of New India.

Centre allocates Rs 4,000 crore for Direct Benefit Transfer of LPG subsidy

Lower subsidy allocation for disbursing new connections to poor indicates saturation of new PMUY beneficiaries

Budget 2022 lacks special provision for farmers, common man: Rajasthan CM

Rajasthan Chief Minister Ashok Gehlot on Tuesday said the Union budget will further lead to rise in fiscal deficit and has no special provision for farmers, common man, poor and women.

Post Budget cheer: ITC jumps to 7-week high, gains 3.5% on heavy volumes

The stock had corrected 20 per cent from its 52-week high of Rs 265.30 touched on October 10, 2021, amid fears of higher taxes.

Budget 2022: Crypto players hail move for legitimising bets on risky assets

'India is finally on the path to legitimising the crypto sector in India,' Nischal Shetty, founder and chief executive of crypto exchange WazirX, said

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: FM unveils plan to fire economic engines to sustain recovery

Sitharaman said her budget proposals will directly benefit the country's youth, women, farmers, as well as public and private investment

Budget 2022: Modi govt's final Rs 52,000-crore goodbye to Air India

FM Nirmala Sitharaman announced the allocation of this amount towards clearing the airline's dues to various banks

Budget 2022: PM e-Vidya programme to be expanded to 200 TV channels

Finance Minister Nirmala Sitharaman announced on Tuesday that the government will expand the PM e-Vidya programme of 'One Class, One TV programme' from 12 to 200 TV channels

Capex proposals can be inflationary; equity, bond markets may not like it

The best part of the budget proposals has been the continuity in managing the fiscal situation and focus on capex spending without any negative surprises, says Andrew Holland.

Scope for single-window portal for green nod to projects to expand: FM

The government on Tuesday said single- window portal PARIVESH, launched for giving green nod to projects, has been significantly instrumental in reducing the time required for approvals