Page 3 - Union Budget

Budget 2022: Govt allocates Rs 283.5 cr for Startup India Seed Fund Scheme

In April 2021, the government rolled out the Startup India Seed Fund Scheme (SISFS), which aims to provide financial assistance to start-ups

Rahul Gandhi thinks he is the king of India: Law Minister Kiren Rijiju

Continuing the attack on the former Congress President for alleging that the BJP government had created two Indias, Rijiju took a dig at Gandhi's frequent foreign visits

Don't blame Covid alone: $5 trn economy goal to be delayed by two years

Next three years will have to deliver 17% nominal GDP growth to take economy to $5 trn by FY25; If Budget assumption on growth is accepted, FY24 and FY25 should yield 20% growth each

400 Vande Bharat trains: Rs 40,000 cr business opportunity and jobs

Rolling out 400 Vande Bharat Express trains is about Rs 40,000 crore of business coupled with jobs and other spin-off benefits, said senior officials --present and past -- of Indian Railways

Digital currency can be exchanged for cash, says PM Narendra Modi

Addressing the 'Atmanirbha Arthavyavastha' symposium organised by the BJP, he said the central bank digital rupee will make online payments more secure and risk free and boost digital economy

ICSI, ICAI applaud Union Budget 2022; say it is forward-looking

ICSI applauded the Union Budget 2022 and said its focus on productivity, climate action, financing investment and the PM Gati Shakti plan is aimed at promoting growth

Budget lays foundation for growth in next 25 years, says Niti Aayog VC

Niti Aayog Vice-Chairman Rajiv Kumar on Wednesday said the government is taking all possible measures to ignite private investments, which will be the best bet to pull the economy out of the shadows

Bitcoin, Ethereum or NFT will never become legal tender: Finance Secretary

People investing in private crypto should understand that it is not having the authorisation of the government, says Finance Secretary T V Somanathan

India's GDP expected to grow 7.8% in FY23: Crisil report

Sitharaman's Budget proposals focused on loosening the purse strings by boosting capital expenditure and going slow on fiscal consolidation are aimed in the right direction, the rating agency said

Cryptocurrency to be taxed like gambling win, says top FinMin official

'We have now put in a taxation framework that treats crypto assets the same way we treat winnings from horse races, or from bets and other speculative transactions,' says Finance Secretary

India's growth-focused Budget sparks concerns on inflation, tighter rates

Plan to borrow record Rs 14.95 trn exceeds market estimates; high oil prices, prospect of Fed hikes contribute to worries

Cryptocurrency tax: Relief for crypto investors as Budget ushers in norms

The FM has announced a 30 per cent tax on any income from the transfer of virtual/digital assets

Tharoor pitches for 'Vande Bharat' train in place of Silver Line in Kerala

The Thiruvananthapuram MP tweeted that one interesting element for Kerala in the union budget 2022 was the announcement of 400 new Vande Bharat trains, which can travel at 180 kmph

A measured and pragmatic Budget 2022-23, says USISPF prez Mukesh Aghi

The head of USISPF congratulated FM Nirmala Sitharaman on delivering a budget that allows the govt to continue supporting development while keeping an eye on fiscal deficit.

What is Demand for Grants?

The Union Budget is finalised with inputs from all ministries and departments about estimates of their spending for the next FY. This estimate tabled as part of the Budget is called Demand for Grants

The government has hit 5 sixes in a row with this Budget: Shankar Sharma

The markets gave a thumbs up to the budget. In an interview with Business Standard, Vice-Chairman and Joint Managing Director at First Global, Shankar Sharma, shared his views on this year's budget

Meet the CEA who did not present this year's Economic Survey

The govt appointed V Anantha Nageswaran as the next Chief Economic Adviser three days before the Union Budget. A peek into the life of this well-known commentator on topical economic developments

How Budget 2022 gives a digital thrust to pandemic-stricken Indian economy

In Budget 2022, FM Nirmala Sitharaman laid an emphasis on digital technologies and start-ups cutting across sectors-from agriculture and education to post offices, banking and more

Union Budget 2022: Kudos to Finance Minister Nirmala Sitharaman

This time around, I must go on record praising her for the way in which she has framed the Union Budget for 2022-23

Union Budget 2022-23: Poll-neutral but political subtext

Tax breaks for state govt employees and cooperatives are a move to woo these influential groups