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Decoding the Budget

Decoding the Budget

Amitabh Kant, CEO, NITI Aayog

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

Feb 07, 2022

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.

Announcements at a policy level around agri-tech, infrastructure, health-tech, education, fintech, etc., would be welcomed by industry.

Budget 2022: Decoding the essentials for e-commerce, start-ups

Feb 05, 2022

Start-ups were eagerly awaiting policy announcements in Budget 2022 around enabling a direct offshore listing process.

Compensating employees with ESOP has gained significant momentum over the last few years among start-ups to attract and retain top talents.

Budget gives impetus to family offices, HNIs for more start-up investments

Feb 03, 2022

The central government's decision to cap the surcharge on the long-term capital gains from shares of unlisted companies at 15 per cent is expected to boost investor confidence in start-up funding.

The report further notes that fund allocation has shrunk for key ministries related to children.

Children given lowest allocation in Union Budget in a decade, says report

Feb 02, 2022

The Budget allocations earmarked for the benefit of children have remained below 2.35 per cent of the total Budget, according to an analysis report by Haq Centre for Child Rights, a non-profit organisation.

Mukesh Butani and Shreyash Shah

Budget 2022: A blueprint from India @75 to India @100

Feb 02, 2022

With a change in narrative with a 25-year vision, the goal is to establish an open, digital, and inclusive India. The budget will help India become self-sufficient and set the groundwork for a new India in its centenary year of independence.

The government is also set to borrow a record 14.95 trillion rupees, exceeding market expectations for a maximum of 12 trillion to 13 trillion rupees.

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

Feb 02, 2022

India announced capital expenditure of Rs 7.5 lakh cr ($100 billion) for FY23, or 2.9% of GDP, an increase of 35.4% from the last fiscal year.

Following the developments in the Union Budget, the domestic equity market extended its gains for the third straight session on February 2.

Brokerages bullish on these stocks post Union Budget 2022; do you own any?

Feb 02, 2022

The capex-led growth-oriented Budget augurs well for the Indian equity market, according to market watchers.

The Budget announcements came at a time, when he FMCG makers are grappling with poor volume uptake, especially in the rural areas.

Budget gives FMCG sector hope for consumption recovery in the long-term

Feb 02, 2022

Without any direct measures in the Budget, volume uptake may take time to recover, industry insiders argue.

Budget 2022: LIC IPO 'shortly,' but path fraught with challenges

Budget 2022: LIC IPO 'shortly,' but path fraught with challenges

Feb 01, 2022

The government is yet to file the draft document with Securities and Exchange Board of India (SEBI); market volatility and overall subdued sentiments of global investors also key challenges.

An increase of over 35 per cent in capital expenditure was the biggest takeaway from the Budget.

Decoding Budget: Capex spending top focus; boost to indigenous defence cos

Feb 01, 2022

The finance minister presented a Budget with focus on growth and on reviving the economy emerging from the scars of slowdown caused by the pandemic.

Budget 2022: BE for current year for health sector is Rs 86,200.65 cr

Budget 2022: Despite raging pandemic, healthcare receives marginal allocation

Feb 01, 2022

Healthcare sector bruised by the ongoing Covid-19 pandemic received dismal allocations in the Union Budget 2022, presented by FM Sitharaman on Tuesday.  

 The industry believes that these steps will benefit the job-seekers preparing them for better opportunities and bringing them at par with industry standards.

Budget 2022: Experts laud emphasis on digital skill development

Feb 01, 2022

Among the measures announced in the Union Budget 2022-23, Finance Minister Nirmala Sitharaman emphasised the government's focus on digital skill development, renovating the National Skill Qualification Framework and the need to align it with evolving industries.

Budget 2022: What does govt's push for digital ecosystem for healthcare mean?

Budget 2022: What does govt's push for digital ecosystem for healthcare mean?

Feb 01, 2022

Union Budget 2022: Health industry experts believe that the technology-related decisions will have a positive impact on the healthcare ecosystem.

The new tax relief is going to be added under the same Section 80DD of the Income Tax act.

Budget 2022: Tax benefits for caregivers of differently-abled children relaxed

Feb 01, 2022

This step has been hailed as an empathetic and thoughtful one.

Industry participants, meanwhile, have welcomed the government announcement, which, they believe, will help India transition towards a carbon neutral economy. 

Budget 2022: A big thumbs up for sovereign green bonds 

Feb 01, 2022

India was at a distant 17th position among green bond issuing nations in 2021 with USA, Germany, China, France and UK occupying the top five slots. In 2021, India issued green bonds worth $16.5 billion.

In what could be a huge relief for Internet entrepreneurs and venture capital investors, the government has capped the surcharge on the long-term capital gains (LTCG) at 15 per cent.

Budget 2022: A big boost to start-ups as PE, VC investments could be scaled up

Feb 01, 2022

After what has been a historic year of venture capital investments into Indian start-ups, the union government has taken special initiatives to further scale up start-up funding.  

Budget 2022: Customs duty re-calibrated

Budget 2022 to enable domestic manufacturing of high growth electronic items

Feb 01, 2022

An increasing number of wearables and hearable players are manufacturing in India, and long-term policies will give them the desired support for local design and manufacturing in India.

Budget 2022: Nirmala Sitharaman/ PC: Yasir Iqbal/India Today Group

Budget 2022: 5G auction could be a big revenue story

Feb 01, 2022

Budget 2022: It is expected to see interest from non-telecom players as well.

On the expenditure side, the biggest outlay component is interest payments at 20 paise for every rupee, followed by the states' share of taxes and duties at 17 paise.

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

Feb 01, 2022

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

Counting down to Budget speech with Siddharth Zarabi & Sakshi Batra | #BoosterShotBudget

Feb 01, 2022

Will the economy get a booster shot in Budget 2022-23, Sakshi Batra decodes with Siddharth Zarabi.

Cryptocurrency exchanges including Wazir, CoinDCX, Zebpay have welcomed the tax announceemnts on virtual digital assets at 30%

Budget 2022: Crypto tax signals acceptance of virtual assets, say exchanges

Feb 01, 2022

While the legal experts have stated that the announcement made by the Union Finance minister, Nirmala Sitharaman of taxing keeping the taxation rate for virtual digital assets at 30 per cent will discourage crypto transactions, the industry players have welcomed the move.