The success of India's growth story will be conditioned on how well the intent of the budget is executed.
Prime Minister Narendra Modi on Wednesday spoke about how provisions in the Budget 2022 will help India's villages grow faster.
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.
Similarly, it adds that imports are expected to grow by 29.4 per cent in 2021-22 surpassing corresponding pre-pandemic levels.
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.
It is clear that the Budget has disincentivised trading in cryptocurrency considering these investments are highly volatile.
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.
The proposed restructuring of SEZ laws would make SEZ an engine of economic growth and employment creation.
Gathered at the India Today Budget Conclave 2022, officials from the finance ministry cleared the air on multiple issues.
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 banking sector is an important component of the economy's growth engine which will play an important role in meeting budgetary objectives.
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
Budget Roundtable Live Updates: Finance Minister Nirmala Sitharaman discusses the state of the Indian economy a week after presenting Budget 2022 in Parliament.
The debate over the motion of thanks on President Ram Nath Kovind's address started on February 2.
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.
By capping the surcharge rate at 15%, the benefit of a lower surcharge rate gets extended to all classes of financial assets.
Through the earmarked domestic defence budget, the government has given much needed order certainty to the Indian private sector.
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.
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%.
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.
The fate of cryptocurrencies and other digital assets in India continues to be a grey area, at least till the government comes up with a proper regulatory regime.
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