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Union Budget 2022-23 Live Updates
Finance Minister Nirmala Sitharaman has not announced any change in the personal Income Tax Slabs while presenting the Union Budget for the 2022-23 financial year. The FM has however announced that the government will provide an opportunity to taxpayers to correct an error, by filing an updated return within 2 years from the relevant assessment year.
- Feb 01, 2022 22:04 IST
Union Budget 2022: No Midas Touch On Personal Taxes, Know New Tax Proposals On Digital Assets
Even as the middle and salaried class had a high hope over Union Finance Minister's Midas touch in the realm of personal taxes, the cautious Sitharaman didn't affect any change in the tax slabs, nor allowed a hike in the standard deduction.
- Feb 01, 2022 20:42 IST
Union Budget 2022: 'Horse Trading' Made Free, Kaju To Khajur & Nighties To Trousers Cheaper
When it comes to Budget Day, the lenses will be out to scan the proposals made by the Finance Minister keeping in mind more about the fact - how much money an individual can save post the budget.
- Feb 01, 2022 19:54 IST
Haven't Raised Taxes: FM To Questions On Budget Not Giving Relief To Middle Class
Taxes have not been raised during the pandemic to collect additional funds for the massive spending programme of the government, Finance Minister Nirmala Sitharaman said on Tuesday in response to questions on her Budget belying expectations of a reduction in the income tax burden on the middle class.
- Feb 01, 2022 19:20 IST
India To Provide Rs 6,292 Crore As Development Assistance To Other Countries, Rs 200 Crore For Afghanistan
In a signal of its commitment to Afghan people, India on Tuesday set aside in its budget for 2022-23 an amount of Rs 200 crore as development assistance to Afghanistan besides allocating Rs 100 crore for the Chabahar port project.
- Feb 01, 2022 18:51 IST
Union Budget 2022-23: Oppn Slams It As Pegasus Spin Budget, Zero-Sum Budget
The Opposition on Tuesday slammed the Union Budget, calling it a "Pegasus spin budget" and a "zero-sum budget" that has nothing for the salaried class and the poor, even as Prime Minister Narendra Modi and BJP leaders hailed it as "people-friendly" with a focus on a building a self-reliant India.
- Feb 01, 2022 18:03 IST
Union Budget Has Provision Of Rs 1.37 Lakh Crores Of Capital Investment Support For Railways: Ashwini Vaishnaw
The Union Budget has a provision of Rs 1.37 lakh crores of the capital investment support for the Railways. It will help complete the stalled Railways projects, said Railway Minister Ashwini Vaishnaw.
Indigenously-developed anti-collision technology KAWACH is SIL4 certified which means there is the probability of a single error in 10,000 years. Govt today announced that 2,000 km of the rail network will be brought under KAWACH, he added.
- Feb 01, 2022 17:45 IST
Rs 2.37 Cr Provision For Direct Payment Of MSP
On the backdrop of the almost year-long agitation against the three contentious farm laws that were repealed, and the continued demand for increasing MSP for all farmers, the Centre on Tuesday announced a provision of Rs 2.37 crore for direct payment for MSP value in the Union Budget 2022-23.
- Feb 01, 2022 17:26 IST
750 Virtual Labs, 75 Skilling E-Labs To Be Set Up
While presenting the Union Budget for the year 2022-23, Union Finance Minister Nirmala Sitharaman on Tuesday announced that skilling programmes and partnership with the industry will be reoriented to promote continuous skilling avenues, sustainability and employability.
- Feb 01, 2022 17:10 IST
Atmanirbhar Bharat Package Saved Jobs Of Lot Of People During Pandemic: Fin Min
Pandemic snatched away so many jobs across the world. Our Atmanirbhar Bharat Package saved the jobs of a lot of people. We are trying to help those who lost their jobs, through various schemes. I am denying but it is not fair to say that we didn't do anything,, said Finance Minister Nirmala Sitharaman.
- Feb 01, 2022 16:45 IST
Govt Extends Tax Holiday For Eligible Startups By 1 More Year
In further respite for startups amid the ongoing Covid-19 pandemic, the government on Tuesday announced to extend the period to avail tax incentives by one more year.
- Feb 01, 2022 16:37 IST
36.97K Cr For Odisha In Budget 2022-23 As Pandemic Stress On Centre's Earnings Eases
With an apparent buoyancy in the total revenue receipts of the Centre, where the revised estimates show an increase in the total tax receipts by over 16 percent and a projection of 6 percent rise in net revenue receipts in 2022-23, Union Finance Minister Nirmala Sitharaman in her fourth budget presented today has upped the net amount of taxes and duty transferred to Odisha.
- Feb 01, 2022 16:31 IST
Union Budget Will Be Debated For 11 Hours By Rajya Sabha MPs
Business Advisory Committee of Rajya Sabha chaired by M Venkaiah Naidu on Tuesday allocated time for the debates on the Motion of Thanks to President and on the Union Budget 2022-23. Leader of the House Piyush Goyal, LoP Mallikarjuna Kharge and others attended the meeting.
According to sourcres, Rajya Sabha will debate on Motion of Thanks to President for his address to MPs of both the Houses for 12 hours during the first part of the current Budget session.
The debate will start on February 2 at 11.30 am and the PM is likely to reply to the debate on February 8. The time allocated for this debate includes the time to be taken for the reply, sources added.
- Feb 01, 2022 16:23 IST
Fin Min Sitharaman Speaks On Proposed Digital Rupee And Cryptocurrencies
FM Nirmala Sitharaman speaks on proposed Digital Rupee & cryptocurrencies: What RBI will issue is a digital currency. Everything that prevails outside of it is assets being created by individuals & we are taxing profits made out of transactions of those assets, at 30%.
(ANI) pic.twitter.com/FquUUJAbZg
— OTV (@otvnews) February 1, 2022
- Feb 01, 2022 16:06 IST
Railway Ministry Allocated Rs 140367.13 Crore In Budget
The Railway Ministry has been allocated Rs 140367.13 crore in the Union Budget on Tuesday - Rs 20,311 crore more than the revised figures of the previous fiscal.
- Feb 01, 2022 15:54 IST
Budget 2022-23 Is A 'Garib Kalyan' Budget, Says BJP Chief JP Nadda
Budget 2022-23 is a 'Garib Kalyan' Budget. It will empower the poor and labourers. This Budget is dedicated to the development of infrastructure, rural & hilly areas, and Northeast. This Budget is in line with Govt's policy of social justice and equality, said BJP chief JP Nadda.
This Budget will fulfill the expectation and aspirations of all sections of society including small and big industrialists. This is not an agenda of merely one year's development, but a blueprint of the country's development in the next 25 years, Nadda added.
- Feb 01, 2022 15:37 IST
Union Budget: Sops For Capex, Infra, MSME, Electric Vehicles
The outlay for capex has been significantly enhanced by 35 per cent from Rs 5.5 lakh crore to Rs 7.5 lakh crore in the Union Budget, which is more than double the levels in FY20.
- Feb 01, 2022 15:35 IST
PM E-Vidya Programme To Be Expanded To 200 TV Channels: FM Sitharaman
Finance Minister Nirmala Sitharaman announced on Tuesday that the government will expand the PM e-Vidya programme of 'One Class, One TV programme' from 12 to 200 TV channels to impart supplementary teaching and build a resilient mechanism for education delivery amid the Covid-19 pandemic.
- Feb 01, 2022 15:31 IST
Budget 2022-23 Brings In New Hope, Opportunities For People: PM Modi
This budget will bring in new hopes and opportunities for the people and strengthens the economy. It is full of 'more infrastructure, more investment, more growth and more jobs'. There is also a new provision of green jobs. The budget will ensure a bright future for youth, said Prime Minster Narendra Modi.
- Feb 01, 2022 15:25 IST
Union Railway Minister To Brief Media Post General Budget
Union Railway Minister Ashwini Vaishnaw will brief media post General Budget in Conference Hall, Rail Bhavan at 4.45 PM today.
- Feb 01, 2022 14:49 IST
Union Budget 2022-23: Here's A Look At What Gets Cheaper & Expensive
Finance Minister Nirmala Sitharaman on Tuesday presented the Union Budget for the financial year 2022-23, beginning April 1. In her shortest budget speech of one hour and 30 minutes, she announced several changes in customs duty which will result in the raise or fall in the prices of some essential commodities.
- Feb 01, 2022 14:47 IST
2022 Union Budget At A Glance
While presenting the Union Budget on Tuesday, Finance Minister Nirmala Sitharaman stated that the country is expected achieve a growth rate of 9.27 per cent, highest among all large economies.
- Feb 01, 2022 14:35 IST
National Tele-Mental Health Programme To Be Launched
Union Finance Minister Nirmala Sitharaman on Tuesday announced a National Tele-Mental Health Programme while presenting the Union Budget for 2022. The National Institute of Mental Health and Neuro-Sciences (NIMHANS), Bengaluru will be the nodal agency for this.
- Feb 01, 2022 13:55 IST
Budget 2022: 30 Pc Tax On Income From Cryptocurrency, Virtual Assets; 1 Pc TDS On Buy/Sale
Giving clarity on taxation of cryptocurrencies and other virtual assets, Finance Minister Nirmala Sitharaman on Tuesday proposed a 30 per cent tax on income from transactions in such assets. Also, to bring such assets under the tax net, she proposed a 1 per cent TDS (tax deducted at source) on transactions in such asset classes above a certain threshold.
- Feb 01, 2022 13:43 IST
Major Welfare Measures At A Glance
Here are some major welfare measures announced by the Centre in #Budget2022 for an all-inclusive growth pic.twitter.com/Feqo7xQOlr
— OTV (@otvnews) February 1, 2022
- Feb 01, 2022 13:41 IST
35 Crore Post Office Accounts With Deposits Of Rs 10 Lakh Cr Connected To Banking System
More than 35 crore Post Office deposit accounts with deposits aggregating Rs 10 crore will now be connected to the banking system. Finance Minister Nirmala Sitharaman announced connecting 1.5 lakh Post Offices to the core banking system in her Union Budget speech on Tuesday.
- Feb 01, 2022 13:40 IST
Major Announcements On Productivity Enhancement, Investment
Major announcements on productivity enhancement & investment made by Finance Minister Nirmala Sitharaman in a nutshell #Budget2022#BudgetWithOTVpic.twitter.com/7ANctvg3ID
— OTV (@otvnews) February 1, 2022
- Feb 01, 2022 13:39 IST
Major Tax Proposals by Govt In Budget 2022
What are the major Tax Proposals by the Government in the #Budget2022. Take a look.#BudgetWithOTVpic.twitter.com/g3ZVQ5fQLz
— OTV (@otvnews) February 1, 2022
- Feb 01, 2022 13:37 IST
Tax Deduction Limit For State Govt Employees To NPS Hiked
In order to provide equal treatment to both central and state government employees, Finance Minister Nirmala Sitharaman announced hike in tax deduction limit from 10 per cent to 14 per cent on employer's contribution to the National Pension System (NPS) account of state government employees. She said the move will bring the State government employees at par with central government employees.
- Feb 01, 2022 13:26 IST
Union Budget 2022 Allocation To Major Schemes
Union Budget 2022 allocation to major schemes#Budget2022#BudgetWithOTVpic.twitter.com/iKrt9EyIUv
— OTV (@otvnews) February 1, 2022
- Feb 01, 2022 13:25 IST
Breakup Of Ministry-Wise Fund Allocations
#UnionBudget2022 | Here's the breakup of Ministry-wise fund allocations by the government#Budget2022#BudgetWithOTVpic.twitter.com/FlYlboot4e
— OTV (@otvnews) February 1, 2022
- Feb 01, 2022 13:22 IST
Growth Oriented Budget: Rajnath Singh
Defence Minister Rajnath Singh congratulated Finance Minister Nirmala Sitharaman ‘on presenting an excellent Union Budget for 2022-23.’ "It is a Budget which would give fillip to ‘Make in India’, boost demand and build capacities for a stronger, prosperous and confident India. The Budget outlines the Government’s focus on Atamnirbharata and Prime Minister Narendra Modi’s vision for development and pro people reforms. It is a growth oriented Budget focused on harnessing the energies of New India,” he tweeted.
- Feb 01, 2022 13:07 IST
Nirmala Sitharaman Delivers Budget 2022-23 In Shortest Speech
Finance Minister Nirmala Sitharaman on Tuesday delivered the Budget 2022-23 with her shortest budget so far. She spoke for one hour and 30 minutes, making it the shortest among the budget speeches that generally go for about 2 hours at least.
- Feb 01, 2022 13:01 IST
Finance Minister Nirmala Sitharaman Announces To Set Up Digital University
While presenting the Union Budget 2022-23 in Parliament on Tuesday, Finance Minister Nirmala Sitharaman announced the setting up of a digital university in the country as several children have suffered due to the Covid-19 pandemic-induced closure of educational institutions.
- Feb 01, 2022 12:57 IST
No Change In Personal Income Tax Slabs For Second Consecutive Year
Finance Minister Nirmala Sitharaman has not announced any change in the personal Income Tax Slabs while presenting the Union Budget for the 2022-23 financial year. The FM has however announced that the government will provide an opportunity to taxpayers to correct an error, by filing an updated return within 2 years from the relevant assessment year.
- Feb 01, 2022 12:53 IST
India To Get Its Own Digital Currency By RBI Next Year: FM Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman on Tuesday announced the launch of India's own digital currency by the RBI next year that will be based on Blockchain technology, while the much-expected Cryptocurrency Bill is yet to see the light of the day.
- Feb 01, 2022 12:43 IST
FM Introduces Finance Bill 2022
Union Finance Minister Nirmala Sitharaman introduced the Finance Bill 2022. Soon after the Lok Sabha was adjourned till tomorrow, 2nd February.
- Feb 01, 2022 12:41 IST
Tax System Simplified
FM Nirmala Sitharaman announced that the Govt will provide an opportunity to taxpayers to correct an error, by filing an updated return within 2 years from the relevant assessment year. For taxation of digital assets shall be taxed at 30 per cent
- Feb 01, 2022 12:38 IST
‘Prime Minister's Development Initiative for North East’
Presenting the Union Budget for the year 2022-23, Finance Minister Nirmala Sitharaman announced that a new scheme ‘Prime Minister's Development Initiative for North East’ will be implemented through North Eastern Council. An initial allocation of Rs 1,500 crore will be made for the scheme.
- Feb 01, 2022 12:37 IST
100 PM Gati Shakti Cargo Terminals To Be Developed In 3 Years
"100 PM Gati Shakti cargo terminals for multimodal logistic facilities will be developed during the next three years," the Finance Minister said while presenting the Union Budget in Parliament on Tuesday.
- Feb 01, 2022 12:30 IST
Finance Minister Nirmala Sitharaman Says Growth To Be At 9.2%, Highest In The World
Union Finance Minister Nirmala Sitharaman while presenting the Union Budget on Tuesday said that India is set to clock growth rate of 9.2 per cent, which could be the highest in the world in the current fiscal.
- Feb 01, 2022 12:27 IST
PLI Scheme May Generate 60 Lakh Jobs In Next 5 Years
The Production-Linked Incentive (PLI) scheme across 14 sectors, including IT hardware manufacturing, has the potential to generate at least 60 lakh new job opportunities, Finance Minister Nirmala Sitharaman said on Tuesday.
- Feb 01, 2022 12:13 IST
Digital Rupee To Be Issued By RBI To Give Big Boost To Economy: FM
In a major announcement, Union Finance Minister Nirmala Sitharaman said digital rupee will be issued using blockchain and other technologies. It will be issued by the Reserve Bank of India (RBI) starting 2022-23. This is expected to give a big boost to the economy.
- Feb 01, 2022 12:07 IST
5G Spectrum Auctions In 2022: Nirmala Sitharaman
Nirmala Sitharaman said 5G spectrum auctions to be carried out in calendar 2022 to enable launch of services within FY22-23. She said affordable broadband and mobile service proliferation will be made available in rural and remote areas. She added that 5 per cent of annual collections Universal Service Obligation Fund will be allocated.
- Feb 01, 2022 12:04 IST
100 PC Of 1.5 Lakh Post Offices To Come On Core Banking System: FM
In 2022, 100 per cent of 1.5 lakh post offices will come on core banking system to facilitate financial inclusion, said FM Nirmala Sitharaman. She also announced Digital Banking to every citizen - 75 digital banking units in 75 districts of the country will be launched.
- Feb 01, 2022 12:00 IST
ePassports For Overseas Travel
Union Finance Minister Nirmala Sitharaman today said that ePassports will be rolled out in 2022-23 for convenience in overseas travel.
- Feb 01, 2022 11:56 IST
New Legislation To Replace SEZ Act
Union Finance Minister Nirmala Sitharaman while presenting the budget for 2022-23 announced that SEZ (Special Economic Zones) Act will be replaced with new legislation for the development of enterprise and hubs. She said it will cover the existing industrial enclaves and enhance the competitiveness of exports.
- Feb 01, 2022 11:51 IST
One Nation, One Registration For Ease Of Living & Doing Business: FM Sitharaman
One Nation, One Registration' will be established for anywhere registration to facilitate ease of living and doing business, said Niramala Sitharaman. She said Battery Swapping Policy will be brought out and inter operational service will be formulated.
'One Nation, One Registration' will be established for anywhere registration to facilitate ease of living & doing business
Battery Swapping Policy will be brought out & inter operational service will be formulated
- FM Sitharaman in #Budget2022
— OTV (@otvnews) February 1, 2022
- Feb 01, 2022 11:40 IST
‘Digital University For World-Class Quality Education’
Presenting the Union Budget for the year 2022-23, Finance Minister Nirmala Sitharaman said skilling programmes will be reoriented. For skilling, upskilling and reskilling of youth, Digital DESH e-portal will be launched. She also announced that a digital university will be developed to provide access to students for world-class quality education with ISTE Standards.
- Feb 01, 2022 11:36 IST
‘400 New Vande Bharat Trains To Be Rolled Out’
As many as 400 new generation Vande Bharat trains with better efficiency to be rolled out in the next three years, informed Finance Minister Nirmala Sitharaman while presenting Union Budget 2022 on Tuesday. She added that 100 PM Gati Shakti Cargo terminals to be developed during the period.
- Feb 01, 2022 11:32 IST
Make In India Will Create 6 Million Jobs: Finance Minister
Finance Minister Nirmala Sitharaman said that the LIC IPO is expected shortly. Make in India will create 6 million jobs. Besides, One Station One Product concept will be popularised.
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