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Budget Reactions

Budget Reactions

The LocalCircles survey showed that 24 per cent of citizens are elated with the Budget announcements and see several benefits of it.

2 in 3 Indians believe Budget 2022 will have positive impact on economy: Survey

Feb 06, 2022

56% of the citizens rate the budget below expectations while 42% rate it meeting or exceeding expectations, as per the LocalCircles survey.

The extension of one year towards start-up incentives and corporate tax incentive of 15% coupled with the capex outlay of Rs 7.5 lakh crore clearly demonstrates the vision and roadmap to long term stable policy.   

Massive capex budget, a bold move in 'Amrit Kaal' for Aatmanirbhar Bharat  

Feb 04, 2022

There were quite a few relevant representations by the industry which do not find any reference/amendments with respect to restructuring, extending tax regimes (as applicable to the manufacturing sector) to the services sector, etc. 

Amid the pandemic, the government had to undertake a balancing act of containing the fiscal deficit, generating sufficient revenues for meeting its social obligations

Budget 2022: A holistic approach to tackle economic growth

Feb 04, 2022

Union Budget 2022 demonstrates the government’s clear intent to touch every aspect of the economy and to leave no stone unturned – be it digital economy push be it an infrastructure boost or be it the energy sector.

Because emerging markets have worked to build buffers and strength for situations like this and because many of them themselves have taken prudent actions once they faced inflationary pressures, she said.

Budget 2022 thoughful policy agenda for India: IMF's Kristalina Georgiva

Feb 04, 2022

"All in all, I read the (budget) statement and I thought it was a very thoughtful policy agenda for India, the senior official said in response to a question," said Kristalina Georgieva, Managing Director, International Monetary Fund.

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 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.

Sanjeev Krishan, Chairman PwC in India was of the view that Budget 202223 continues to provide much-needed relief to the COVID-hit MSME sector

Budget 2022 proposals to boost growth, generate jobs, say industry experts

Feb 02, 2022

Among other things, Finance Minister Nirmala Sitharaman unveiled a bigger Rs 39.45 lakh crore Budget, with higher spending on highways to affordable housing with a view to firing up the key engines of the economy to sustain a world-beating recovery from the pandemic.

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.

Given the investment push, the overall Budget pie has swelled from the revised estimate of Rs 37.70 lakh crore in 2021-22 to Rs 39.44 lakh crore in 2022-23. (representational image)

Budget 2022: Will the gamble of using fiscal space to push investments pay off?

Feb 01, 2022

The government has taken the route of stepping on the gas to spend more and boost investments by using the current fiscal space created by the buoyant tax collection and a longer 5-year glide path to achieve a fiscal deficit of 4.5 per cent of GDP.

Budget 2022 lacks vision; weakens states instead of empowering: Pinarayi Vijayan

Budget 2022 lacks vision; weakens states instead of empowering: Pinarayi Vijayan

Feb 01, 2022

The Chief Minister, however, said it was gratifying to see Kerala's unique projects like digital university, online education, M-service and optical fiber expansion as models in the budget by the union government.

Budget 2022: Hospitality sector disappointed

Budget 2022: Hospitality industry disappointed with FM's announcements

Feb 01, 2022

“The number of meetings we held with the Finance Ministry and other ministries led us to believe that they were surely going to announce some sort of specific relief for the industry," said FHRAI VP.

Budget 2022: Govt to set up DESH-Stack online skilling platform

Budget 2022: DESH-Stack portal for skilling draws praise  

Feb 01, 2022

Budget 2022: The industry has been highlighting the widening skill gap in the job market  

For the unversed, Sitharaman said that any income from the transfer of virtual digital assets will be taxed at 30 per cent and the losses accrued from these transaction cannot be offset against other income

Budget 2022: Meme fest on Twitter as FM Sitharaman announces crypto tax

Feb 01, 2022

The announcement of 30 per cent tax on income from transfer of any virtual digital asset saw some hilarious reaction from Twitter users.

Delhi Chief Minister Arvind Kejriwal

Budget 2022 is disappointing, nothing in it for common people: Arvind Kejriwal

Feb 01, 2022

In a tweet in Hindi, the Aam Aadmi Party (AAP) national convenor noted that people had "high expectations" from the Union Budget during the corona period but there is nothing in it either for the common people or to reduce price rice.

Anand Mahindra's appreciation for Sitharaman's short budget speech received many responses from his followers. Most of them agreed to what he stated while others mentioned that it was a good budget.

'Brevity always a virtue': Anand Mahindra on Sitharaman's Budget 2022 speech

Feb 01, 2022

"Brevity has always been a virtue. Nirmala Sitharaman's shortest budget address may prove to be the most impactful," the Mahindra Group chairperson said in a tweet.

Budget 2022 gives blue-collar jobs much-needed boost, say experts

Budget 2022 gives blue-collar jobs much-needed boost, say experts

Feb 01, 2022

Sectors like housing, roads and trains are expected to be the major drivers of employment.

Budget 2022: Gems and jewellery sector hails reforms introduced by FM

Budget 2022: Gems and jewellery sector hails reforms introduced by FM

Feb 01, 2022

There is a swathe of favourable policy reforms announced that empowers the industry and puts it on a firm footing to capitalise on growth opportunities, the sector said.

RPG Enterprises chairman Harsh Goenka harkened back to the popular online word game Wordle to express his opinions on the Budget 2022-23

Budget 2022: ‘India leads world order’, here’s how India Inc reacted

Feb 01, 2022

India Inc hailed the Budget as being progressive and added that it will help propel India to chart a new growth trajectory.

The industry is calling it as the Budget for technology and technocrats.

Budget 2022: IT sector applauds government’s focus on technology

Feb 01, 2022

Union Budget 2022: Given the focus on digitisation, the IT industry is calling it the Budget for technology and technocrats.

Moreover, no country has yet implemented a CBDC-based economy though many are in the testing phase currently.

Budget 2022: Will RBI's blockchain-powered digital currency be a gamechanger?

Feb 01, 2022

With the help of Central Bank Digital Currency or CBDC, experts say all transactions can be tracked on the ledger with no ability to modify the past – leading to transparency.

Budget 2022: Kisan drones to be deployed

Budget 2022: Kisan drones to be used for crop assessments, land records

Feb 01, 2022

Budget 2022: It is expected to drive a wave of technology in the agriculture and farming sector, FM Sitharaman said.