Union Budget 2022

Union Budget 2022

India's Gross domestic product (GDP) data for the July-September 2022 quarter will be released later on Wednesday.
Updated : Nov 30, 2022

GDP growth Q2 FY23: How Indian economy is likely to perform; what to expect

Analysts and economists have predicted that the GDP growth would be in the range of 5.8 per cent to 7.2 per cent in the second quarter, which will be lower than Q1 numbers. The GDP growth was 13.5 per cent in Q1 (April-June period) of the current fiscal (2022-23).

Budget 2022-23 appears to be an abridgement of the measures taken by the government to combat COVID induced slump and not a populist stimulus budget that usually one expects before the election cycle.
Updated : Feb 23, 2022

Unleashing the $5 trillion dream: A prudent budget for long-term growth

The success of India's growth story will be conditioned on how well the intent of the budget is executed.

PM Modi added that "Around 9 crore rural houses have been provided tap water and more than 5 crore rural houses were given water connection in 2 years under this scheme Jal Jeevan Mission."
Updated : Feb 23, 2022

Govt issued 40 lakh property cards: PM Modi at post-Budget webinar

Prime Minister Narendra Modi on Wednesday spoke about how provisions in the Budget 2022 will help India's villages grow faster. 

 "At 11 AM today will be addressing a webinar on how this year’s Union Budget will have a positive impact on the education sector," PM said in a tweet. 
Updated : Feb 21, 2022

PM Modi to address webinar on impact of Budget 2022 on education sector

This is part of a series of discussions held by the Centre to facilitate the efficient and speedy implementation of Union Budget 2022 announcements across key sectors.

The Economic Survey 2022 tabled in the Parliament said that the Indian merchandise exports are expected to grow by 16.5 per cent in 2021-22 surpassing pre-pandemic levels.
Updated : Feb 17, 2022

India’s exports expected to grow by 16.5% in FY22: Economic Survey

Similarly, it adds that imports are expected to grow by 29.4 per cent in 2021-22 surpassing corresponding pre-pandemic levels.

The EV charging infrastructure in India has been a problem area in the urban centres.
Updated : Feb 16, 2022

Budget 2022 capable of bringing the e-mobility revolution in India

Understanding that sustainable mobility is the answer to these woes, the government has yet again announced a slew of initiatives for the EV and allied sector.

The government has clarified that trading in cryptocurrency is not illegal but cryptocurrency will never be recognised as legal tender.
Updated : Feb 10, 2022

Crypto Tax: What you need to know

It is clear that the Budget has disincentivised trading in cryptocurrency considering these investments are highly volatile.

Allocation of funds towards capital expenditure and infrastructure sector sets out a futuristic and inclusive vision for the nation over the next 25 years.
Updated : Feb 10, 2022

Budget 2022: Impact on financial services sector

The Budget seeks to introduce several measures to promote the financial markets, support development of the IFSC, promote public-private capital investments and ensure overall fiscal management.

SEZs, in India, are an important channel to promote the industry, infrastructure, employment generation and growth.
Updated : Feb 10, 2022

Budget 2022: Reforming SEZ Act would act as a booster dose

The proposed restructuring of SEZ laws would make SEZ an engine of economic growth and employment creation.

Finance minister Nirmala Sitharaman while presenting the Budget on February 1 announced an increase of 35.4 per cent in the capital expenditure outlay to Rs 7.50 lakh crore.
Updated : Feb 07, 2022

Here’s why government increased capital expenditure in Union Budget 2022

Gathered at the India Today Budget Conclave 2022, officials from the finance ministry cleared the air on multiple issues.

Amitabh Kant, CEO, NITI Aayog
Updated : Feb 07, 2022

Will surpass the asset monetisation target of Rs 88,000 cr this fiscal: Kant

Speaking at the India Today Budget Roundtable, Amitabh Kant said the govt will surpass the asset monetization target of Rs 88,000 crore this fiscal.

The Budget 2022 seeks to lay the foundation and give a blueprint to steer the economy over the coming years with an impetus for growth.
Updated : Feb 07, 2022

Budget 2022: Proposals for banking sector

The banking sector is an important component of the economy's growth engine which will play an important role in meeting budgetary objectives.

Finance Minister Nirmala Sitharaman has presented a framework for long-term growth. How much of the proposals get implemented would be known only by March next year
Updated : Feb 07, 2022

The Booster Budget for 2022-23

Despite being tabled just days before assembly elections in five states, the Union Budget of 2022-23 was shorn of big-bang, populist announcements, focussing instead on creating a framework for long-term growth. It is not about doling out largesse, but developing a robust roadmap to deliver on economic growth, demand creation and jobs

FM Sitharaman had presented Budget 2022 in Parliament on Feb 1.
Updated : Feb 07, 2022

Budget Roundtable highlights: Jitters in bond market because of US Fed, says FM

Budget Roundtable Live Updates: Finance Minister Nirmala Sitharaman discusses the state of the Indian economy a week after presenting Budget 2022 in Parliament.

Prime Minister Narendra Modi will reply to the debate on the Motion of Thanks to the President's address
Updated : Feb 07, 2022

Budget Session: PM Modi to reply on Motion of Thanks debate in Lok Sabha today

The debate over the motion of thanks on President Ram Nath Kovind's address started on February 2.

Finance Minister Nirmala Sitharaman has proposed to gradually phase out the concessional rates in capital goods and project imports and instead apply a moderate tariff of 7.5%.
Updated : Feb 07, 2022

Government walks the tight rope with key indirect tax announcements

The government appears to have walked the tightrope by balancing growth support with fiscal consolidation in this year's Union Budget, bolstering and boosting 'Make in India' by taxing imports.

Caption-One of the key changes announced in the Budget proposals is the capping of the surcharge rate on long-term capital gains at 15% arising on transfer of any long-term capital assets.
Updated : Feb 07, 2022

Budget 2022: How the capping of LTCG surcharge at 15% will benefit taxpayers

By capping the surcharge rate at 15%, the benefit of a lower surcharge rate gets extended to all classes of financial assets.

In addition to the massive capital budget reserved for Indian industry, FM Sitharaman has also announced an R&D budget of approximately $1.24 billion, of which 25% will be earmarked for private industry, startups and academia.
Updated : Feb 07, 2022

Defence Budget 2022-23 - The catalyst for India's Atmanirbharta ambition

Through the earmarked domestic defence budget, the government has given much needed order certainty to the Indian private sector.

Union Budget 2022, has rightfully struck the balance of need of job creation and maintaining vibrancy in the economy.
Updated : Feb 07, 2022

FM Budget Mantra: Tax stability leads to buoyancy in revenue, impetus to growth

In the last couple of years, the government has been rationalising the rates of corporate tax, slashing them to 15% for new manufacturing entities, and 22% for all corporates.

To provide parity in tax rates to HNIs and UHNIs, on various classes of capital assets, the Budget has proposed to cap the surcharge at 15% for long-term capital gains arising from any kind of asset.
Updated : Feb 06, 2022

Benefit for UHNIs/HNIs in the fine print of Budget 2022

The surcharge on certain incomes such as dividends and capital gains arising from the on-market sale of equity shares and certain other securities is already capped at 15%.

The greater scope of private sector participation in nation-building is a welcome move and will go a long way in ensuring quality in future infrastructure development.
Updated : Feb 06, 2022

Budget 2022: How the capex push through infrastructure is likely to play out

This macroeconomic growth coupled with the microeconomic focus on welfare will most certainly put the Indian economy on track to a resilient, sustained and holistic development.