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Union Budget 2022 News

Union Budget 2022 News

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."

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

Feb 23, 2022

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. 

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

Feb 21, 2022

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.

FM Sitharaman had presented Budget 2022 in Parliament on Feb 1.

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

Feb 07, 2022

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

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

Feb 07, 2022

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

For 2022-23, the direct tax collection has been pegged at Rs 14.20 lakh crore. This includes Rs 7.20 lakh crore from corporate taxes and Rs 7 lakh crore from personal income tax.

Corporate tax rate: Govt wants pvt firms to set up new manufacturing units fast

Feb 04, 2022

The Budget 2022-23 has proposed that the 15% corporate tax rate would be available till March 2024 for newly incorporated manufacturing units.

Sandeep Jhunjhjnwala, Partner, Nangia Andersen LLP

Crypto tax can go upto 43% for HNIs: Sandeep Jhunjhjnwala, Partner, Nangia Andersen LLP

Feb 03, 2022

Sandeep Jhunjhjnwala, Partner, Nangia Andersen decodes in detail the provision relating to cryptocurrency tax.

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 Big Bites: Snapshots of some key economic indicators

Budget 2022 Big Bites: Snapshots of some key economic indicators

Feb 02, 2022

Business Today’s Budget Big Bites presents broad aggregates of the budget for easy understanding and shows snapshots of the economy and key elements of Finance Minister Nirmala Sitharaman’s fourth Budget.

Indian economy is estimated to grow at 9.2 per cent during the current fiscal while 8-8.5 per cent for the next financial year.

India to become $5 trillion economy by FY26: CEA

Feb 01, 2022

Gross domestic product (GDP) in dollar terms has already crossed USD 3 trillion, Chief Economic Adviser V Anantha Nageswaran said during the Finance Minister's post Budget interaction.

India is the world's third-biggest oil importer, relying on foreign suppliers to meet more than 85 per cent of its oil demand.

Budget 2022: Diesel to cost more from Oct, petrol price in North East to go up

Feb 01, 2022

"To encourage the efforts for blending of fuel, unblended fuel shall attract an additional differential excise duty of Rs 2 per litre from the 1st day of October 2022," said Finance minister Nirmala Sitharaman.

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FY23 disinvestment receipts pegged at Rs 65,000 cr: FM in Budget

Feb 01, 2022

So far, the government has mopped up Rs 12,030 crore from PSU disinvestment and strategic sale.

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.

Budget 2022: Optical fibre contracts could boost digital consumption in rural areas

Budget 2022: Optical fibre contracts could boost digital consumption in rural areas

Feb 01, 2022

Finance Minister Nirmala Sitharaman in the Budget 2022 speech announced the government’s vision to connect all villages and their residents to same e-services, communication facilities, and digital resources as urban areas and their residents.

Budget 2022 gives solar energy a boost

Budget 2022 gives solar energy a boost

Feb 01, 2022

The PLI is good news as it could bring in more investments and make India more competitive.

In absolute term, this is nearly 27,400 crore lower than the Revised Estimates (RE) of Rs 1,01,353 crore under the head of dividend or surplus of Reserve Bank, nationalised banks & financial institutions during the current fiscal.

Budget 2022: Centre pegs dividend from RBI, banks at Rs Rs 73,948 cr in FY23

Feb 01, 2022

In absolute term, this is nearly 27,400 crore lower than the Revised Estimates of Rs 1,01,353 crore.

FM Nirmala Sitharaman

Budget 2022: Reduce dependence on imports of defence equipment, says FM

Feb 01, 2022

Defence Budget increases 10% to Rs 5.25 lakh crore vs 1.45% increase last year.

Budget 2022: Media & entertainment industry calls AVGC task force progressive

Budget 2022: Media & entertainment industry calls AVGC task force progressive

Feb 01, 2022

India’s media and entertainment sector has long been asking for some kind of legitimacy for the gaming and related industries.

This budget brings in new hopes and opportunities for the people, said PM Modi.

Budget 2022 full of possibilities for more investments, infra, jobs: PM Modi

Feb 01, 2022

The PM also said that over Rs 2.25 lakh crore of crops will be procured at minimum support price (MSP) and directly transferred to farmers.

Budget 2022: How COVID-19 turned focus towards mental health

Budget 2022: How COVID-19 turned focus towards mental health

Feb 01, 2022

Union Budget 2022: The COVID-19 pandemic has highlighted the significance of mental health, with FM Sitharaman announcing the National Tele Mental Health Programme.

During 2022-23, the subsidies are estimated to further decline by 27 per cent to Rs 3,17,866 crore, it said.

Budget 2022: Govt's subsidies to decline 39% in FY22

Feb 01, 2022

In its revised budget estimate for 2021-22 fiscal, the government pegged total subsidies to be at Rs 4,33,108 crore as against the actual budget estimate of Rs 7,07,707 crore in the previous financial year.

Even the Economic Survey 2022 mentioned that although the COVID-19 pandemic has affected almost all social services the health sector is among the worst hit.

Budget 2022: Govt to launch tele-mental health programme amid COVID-19 woes

Feb 01, 2022

FM Sitharaman announced an open platform for the National Digital Health Ecosystem that will consist of digital registries of health providers and health facilities, unique health identity and universal access to health facilities.