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.
Start-ups were eagerly awaiting policy announcements in Budget 2022 around enabling a direct offshore listing process.
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 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.
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.
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.
The capex-led growth-oriented Budget augurs well for the Indian equity market, according to market watchers.
Without any direct measures in the Budget, volume uptake may take time to recover, industry insiders argue.
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.
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.
Healthcare sector bruised by the ongoing Covid-19 pandemic received dismal allocations in the Union Budget 2022, presented by FM Sitharaman on Tuesday.
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.
Union Budget 2022: Health industry experts believe that the technology-related decisions will have a positive impact on the healthcare ecosystem.
This step has been hailed as an empathetic and thoughtful one.
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.
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.
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: It is expected to see interest from non-telecom players as well.
The government is also looking to earn 7 paise for every rupee from Union excise duty and 5 paise from customs duty.
Will the economy get a booster shot in Budget 2022-23, Sakshi Batra decodes with Siddharth Zarabi.
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.
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