Page 19 - Budget 2022

Nothing for middle class, poor in Union Budget, says Rahul Gandhi

Congress leader Rahul Gandhi on Tuesday dubbed the Union Budget for 2022-23 as a 'zero-sum budget', saying it has nothing for the salaried, middle class and the poor.

Investment-oriented Budget 2022 will put strain on liquidity for sure

RBI has a task on hands, and this time it will be different as private credit demand is likely to pick up. Hence liquidity management will need a different approach

Budget 2022: Full text of the memorandum of the Finance Bill tabled in LS

Here is the full text of the memorandum of the Finance Bill as tabled in Lok Sabha by Finance Minister Nirmala Sitharaman

'Extremely disappointing, a damp squib': Shashi Tharoor on Budget 2022-23

The Congress MP said there is no mention of MGNREGA, Defence or any other urgent priorities facing the public

Govt extends ECLGS scheme for MSMEs till Mar 2023; thrust on hospitality

Presenting the Budget 2022-23 in Parliament, the Finance Minister said the Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE) scheme will be revamped with required infusion of funds

Govt enhances PLI for domestic solar cells, modules to Rs 24,000 cr

With the increase in allocation to Rs 24,000 crore, the quantum of investments and domestic manufacturing capacity envisaged under the PLI scheme would further increase.

Budget 2022: Share of capital expenditure is the highest in 19 years

The last time such a large segment was allocated was in 2004-05

Budget 2022: Education expenditure set to cross Rs 1 trillion in 2022-23

The government has proposed one channel per class in all vernaculars, taking the number of channels from 12 to 200

Budget 2022: 30% tax on income from cryptocurrency, virtual assets, says FM

'I propose to provide that any income from transfer of any virtual digital asset shall be taxed at the rate of 30%,' said FM Sitharaman

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

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

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

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

'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

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. In her Union Budget 2022-23 presentation she also said states will be encouraged to adopt Unique Land Parcel Identification Number to facilitate IT-based management of land records. UDYAM, e-SHRAM, National Career Service, ASEEM portals will be interlinked and their scope will be widened with live organic databases.

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

FM Sitharaman unveils budget aimed at spurring spending to support growth

Total expenditure in 2022/23 seen at Rs 39.45 trillion

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

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. In addition, a world-class university to be allowed in GIFT IFSC (International Financial Services Centre) free from domestic regulation, she said while presenting the Union Budget 2022-23. Currently, GIFT-IFSC is the maiden international financial services centre in India.

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.