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."

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.

Prime Minister Narendra Modi will reply to the debate on the Motion of Thanks to the President's address

Updated : Feb 7, 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.

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.

Updated : Feb 4, 2022

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

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

Updated : Feb 3, 2022

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

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.

Updated : Feb 2, 2022

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

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

Updated : Feb 2, 2022

Budget 2022 Big Bites: Snapshots of some key economic indicators

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.

Updated : Feb 1, 2022

Budget 2022: PLI schemes in 14 sectors to help create 60 lakh new jobs, says FM

The PLI scheme will have additional new production of Rs 30 lakh crore, FM added.

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.

Updated : Feb 1, 2022

India to become $5 trillion economy by FY26: CEA

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.

Updated : Feb 1, 2022

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

"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.

Updated : Feb 1, 2022

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

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.

Updated : Feb 1, 2022

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

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

Updated : Feb 1, 2022

Budget 2022 gives solar energy a boost

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.

Updated : Feb 1, 2022

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

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

Updated : Feb 1, 2022

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

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

Updated : Feb 1, 2022

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

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

There was no change income tax slabs in the personal income tax category in the Budget unveiled on Tuesday.

Updated : Feb 1, 2022

No change in personal income tax rates in Budget 2022

The standard deduction currently stands at Rs 50,000.

Large unmanned aircraft system weighing more than 150 kilograms will be used across sectors.

Updated : Feb 1, 2022

Budget 2022: Drone industry gets a big boost

After liberalising Drone Rule in 2021, the union government is giving a big boost to the drone industry by announcing Drone Shakti.

All India Council for Technical Education (AICTE) will be responsible to shape up the syllabi for Urban Planning courses.

Updated : Feb 1, 2022

Budget 2022: Govt to set up AVGC task force to employ youth in animation sector

The task force is going to help build domestic capacity to serve Indian markets and also global demand.

Updated : Feb 1, 2022

Budget 2022: Capex to fire on all cylinders to support the economic recovery post-COVID

The Union Budget 2022-23 has allocated one of the highest capital expenditures of Rs 7.50 lakh crore in 2022-23 , which is 35 per cent higher than the budgeted figures of 2021-22.