Page 6 - Union Budget

Budget 2022: Govt allocates Rs 86,189 crore to Jal Shakti ministry

The Jal Shakti Ministry has been allocated Rs 86,189 crore in the Union Budget 2022-23, an increase of 24 per cent from Rs 69,052 crore given in 2021-22.

Budget 2022: Very little mention of health care sector, says Naresh Trehan

Earlier on Tuesday, Finance Minister Nirmala Sitharaman while presenting the budget 2022-2023 announced the rollout of an open platform for the national health ecosystem

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

Budget 2022: Rs 2,600 cr for office buildings in Central Vista project

The Housing and Urban Affairs Ministry has been allocated Rs 2,600 crore in Budget 2022-23 for the construction of non-residential office buildings of the Central Vista project, including the Parliament and Supreme Court. This is Rs 767.56 crore more than Rs 1,833.43 crore given in the last fiscal. The redevelopment project of the Central Vista -- the nation's power corridor -- envisages a new triangular Parliament building, a common central secretariat, revamping of the three-kilometre Rajpath boulevard that stretches from Rashtrapati Bhavan to India Gate, a new prime minister's residence and a new Prime Minister's Office as well as a new Vice President's Enclave. A sum of Rs 2,600.99 has been been allocated for the construction of non-residential office buildings, including the Parliament and Supreme Court of India. For residential purposes, the ministry has been given Rs 873.02 crore. Six infrastructure firms, including Tata Projects Limited, L&T Limited and Shapoorji Pallonji .

Budget 2022: 'Push to infra to have multiplier effect on core sectors'

This is likely to have a multiplier effect on the core sector industries like steel and cement, and in turn give a to boost the domestic refractory industry, IRMA said in a statement

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 seeks to support economic growth momentum, say bankers

The union budget for 2022-23 seeks to support the recent economic growth momentum and help it sustain over the long-term, MD&CEO of Bandhan Bank Chandra Sekhar Ghosh said on Tuesday. He said the substantial rise in planned capital expenditure for creation of infrastructure, focus on affordable housing and development of the MSMEs and the farm economy will prepare India for the next phase of growth. The extension in timeline and increased outlay towards emergency credit line guarantee scheme and additional infusion of funds in the credit guarantee trust for micro and small enterprises will provide relief to the sector, Ghosh said. The significant additional allocation towards PM Awas Yojana will boost demand for affordable housing and also for housing finance, he added. MD&CEO of Indian Bank Shanti Lal Jain called the union budget a growth oriented budget against the backdrop of the pandemic. Focus on clean energy, infrastructure, agriculture, MSME, education, digital economy,

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: 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

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 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

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.

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.

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

Budget 2022: Tax deduction limit of state govt employees increased to 14%

Union Finance Minister Nirmala Sitharaman said that this would help in enhancing the social security benefits of the state government employees

FM's Budget speech shortest since 2019, lasts for 1 hours 31 minutes

With Nirmala Sitharaman's budget presentation lasting for about one hour 31 minutes on Tuesday, the Finance Minister's budget speech this year became the shortest ever since 2019.