Page 4 - Budget 2022
Union Budget capex not as high as it sounds: Crisil Research
Amid FY23 Union Budget's focus on investments, leading domestic credit rating agency Crisil on Wednesday said that the capital expenditure is "not as high as it sounds". It, however, was quick to add that considering that governments usually tend to cut capex during a crisis, the government has maintained its focus on growth-spurring initiatives amid the pandemic. The research wing of the agency said, if one excludes the Rs 1 lakh crore of loans to states for capex included in the headline figure of Rs 7.50 lakh crore or 2.91 per cent, the actual spend in FY23, will go down to 2.58 per cent of GDP, which is barely at par with the revised estimate of FY22. The report also pointed out that the overall number showing a rise has been 'offset' through a reduction in internal and extra budgetary resources (IEBR), which funds capex of central public sector enterprises (CPSEs). IEBR has been budgeted at 1.82 per cent of GDP for the next fiscal, much lower than the pre-pandemic average ...
 "Union Budget capex not as high as it sounds: Crisil Research")
Oppn slams govt for doing little for poor, common man in Budget
Opposition parties BSP, Congress and TDP on Tuesday slammed the government for "doing little" for poor and common man in the Union Budget 2022-23 and framing policies to make the "rich richer".
 "Oppn slams govt for doing little for poor, common man in Budget")
Different strokes in transparency
More clarity on Customs duty changes could have made the Budget more transparent
 "Different strokes in transparency")
 "Budget with BS, Ep 15: Divestment, SEZ legislation, and Yashwant Sinha Q&A")
RBI begins three-day monetary policy meet to decide on key rates
RBI Governor Shaktikanta Das headed six-member Monetary Policy Committee (MPC) is scheduled to announce the policy resolution on Thursday
 "RBI begins three-day monetary policy meet to decide on key rates")
India's proposed digital rupee needs more thought and less haste
One gain from the asset will be for Indians working abroad, sending money home will become simpler and cheaper.
 "India's proposed digital rupee needs more thought and less haste")
MGNREGA allocation: Provision and demand not in sync, say experts
FM had allocated Rs 73,000 crore towards MGNREGA in last year's Budget, which has been revised to Rs 98,000 crore on account of higher demand for the work
 "MGNREGA allocation: Provision and demand not in sync, say experts")
It's time to formalise the normalisation process: Part 2
MPC's stance should remain accommodative till growth is secured, and future actions should be data-driven. But for now, reverse repo rate should be hiked by at least 20 bps
 "It's time to formalise the normalisation process: Part 2")
Households liked the Union Budget
While equity markets react to budget announcements in real time, households we believe, take a little longer to digest it. Households are not as cued in as financial markets are
 "Households liked the Union Budget")
Target maturity funds can help you avoid losses amid rising interest rates
Stick to shorter tenure fixed deposits now to benefit from higher rates later
 "Target maturity funds can help you avoid losses amid rising interest rates")
Story in Numbers: Uttarakhand sees highest allocation for health
In 2021-22, Uttarakhand allocated 5.12 per cent of its total Budget (Rs 3,438.84 crore) to health
 "Story in Numbers: Uttarakhand sees highest allocation for health")
Budget: Growth-oriented, protectionist
The Budget aims to boost economic growth and create more employment and entrepreneurial opportunities through substantial increase in capital expenditure for building infrastructure
 "Budget: Growth-oriented, protectionist")
Sliding statistics standards
Govt must make data more timely, comparable and accessible
 "Sliding statistics standards")
Govt prepared to deal with any global development: FM Sitharaman
In a post-Budget interaction with industry body Ficci, she urged corporates to take advantage of the recovery in the economy and step up investment.
 "Govt prepared to deal with any global development: FM Sitharaman")
Two-third Indians believe Budget positive for economy: LocalCircles' survey
A survey conducted by LocalCircles to understand how Budget 2022 would benefit India, found that two out of every three Indians believe the Budget will have a positive impact on the economy.
Union Budget 2022-23 aimed at making India future-ready: Piyush Goyal
Speaking at a public function to explain the nuances of the Union Budget in Mumbai today, the Minister said "the budget should be seen as an exercise in continuity to make India future-ready".
 "Union Budget 2022-23 aimed at making India future-ready: Piyush Goyal")
Publishing confidential export-import data may now lead you to jail
The FY23 Budget has proposed to introduce section 135AA in the customs act through the Finance Bill for "protection of data".
 "Publishing confidential export-import data may now lead you to jail")
FY23 Budget more directional with long-term growth, says Piyush Goyal
The government presented a budget with no tax increases and thus no new revenue generation measures but chose to do record borrowings to fund a budgeted 35% increased capital investment at Rs 7.5 trn
 "FY23 Budget more directional with long-term growth, says Piyush Goyal")
 "Budget with BS, Ep 14: Fiscal maths, capex push, and Q&A with Chidambaram")
44% respondents say inflation won't come down after Budget: Survey
Some 26.7 per cent respondents said that prices may come down 'a little bit' while 22.6 per cent said prices will come down by a large extent, as per the survey
 "44% respondents say inflation won't come down after Budget: Survey")
