Page 7 - Union Budget

Budget 2022: Battery swapping policy big booster for EVs, says industry

The Union Budget for 2022-23 aims at strengthening the whole ecosystem of the EV industry, which will spur the demand for green vehicles, the EV industry said on Tuesday.

Budget 2022: Centre to borrow Rs 11.6 trn in FY23 to meet expenditure needs

This is nearly Rs 2 trillion higher than the current year's Budget estimate of Rs 9.7 trillion

Budget 2022: 68% capex for Defence set aside for domestic procurement

The minister said that defence research and development will be opened up for the industry, startups and academia with 25% of defence research and development budget earmarked

Budget 2022: For every rupee in govt coffer, 58 paise to come from taxes

The government is also looking to earn 7 paise for every rupee from Union excise duty and 5 paise from customs duty

Budget 2022: Full text of Finance Bill as tabled in Lok Sabha by FM

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

Union Budget 2022 proposes to introduce digital rupee to be issued by RBI

FM sees big push to digital economy, says digital currency will also lead to a more efficient and cheaper currency management system

Budget 2022: Full text of Annual Financial Statement tabled in Lok Sabha

Here is the full text of the Annual Financial Statement as tabled in Lok Sabha by Finance Minister Nirmala Sitharaman

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

Rupee reverses gains, trading 22 paise lower at 74.87 post Budget speech

Investors were cautious after Finance Minister Nirmala Sitharaman on Tuesday said that the fiscal deficit in 2021-22 will be 6.9 per cent of GDP and 6.4 per cent in 2022-23, forex traders said

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

Budget 2022: Gati Shakti to gather pace with 25,000 km highway expansion

Plan outlay set at Rs 100 trillion for multi-modal connectivity; 16 ministries to work on integrated infra development, including railways, roads, oil and gas, power, telecom, shipping and aviation

Budget 2022: US firms look at tax parity, transparency, predictability

American companies having a foothold in India and those planning to expand their business in the fastest growing economy of the world expect tax parity in the annual budget.

Budget 2022 likely to step up spending to bolster economic growth

India is likely to step up spending on infrastructure, health services and social programmes in its annual budget on Tuesday.

Economic Survey 2021-22: India's agile fiscal policy response

The changing emphasis on capital expenditure throughout this period reflects a quick responsive fiscal policy

Economic Survey: Strong rebound in revenues ensures enough fiscal space

The strong revival in government revenues means the government has enough fiscal space to provide additional support to boost growth momentum, the Economic Survey said

Economic Survey provides a lot of cheer on the state of the economy

It cautions on areas of concern, which if known beforehand, are easier to tackle as they don't come as shocks. So it is a good precursor to the Union Budget

Economic Survey GDP forecast of 8-8.5% optimistic, say experts

CII Director General Chandrajit Banerjee said the Economic Survey's GDP growth forecast will catapult India as the fastest growing major economy of the world for two consecutive years

Economic Survey: Food subsidies grew by 400% to Rs 5.25 trn

The steep rise in food subsidy bill was on account of Pradhan Mantri Garib Kalyan Ann Yojana introduced as part of the Economic Response to Covid-19

Economic Survey propagates policy agility amid pandemic-induced uncertainty

Highlights govt's 'Barbell Strategy' to offer a bouquet of safety-nets to cushion impact on vulnerable sections/business, with a flexible response that uses feedback-loops with real-time adjustments