There will also be a 1 per cent tax deducted at source (TDS) on the payments made for the transfer of digital assets.
Sitharam kept her look simple and elegant with the Bomkai Patta saree which was weaved in two colours- brown and red. She paired her saree with a white shawl and white face mask.
For better land records management, Sitharaman said the states will be encouraged to adopt Unique Land Parcel Identification Number to facilitate IT-based management of records.
The minister said that defence research and development will be opened up for the industry, startups and academia with 25 per cent of the defence research and development budget earmarked.
The programme will consist of 23 tele-mental health centres as a part of the network with NIHMANS being the central agency.
Coming to the Budget Estimates, the total expenditure in 2022-23 is estimated at Rs 39.45 lakh crore, while the total receipts other than borrowings are estimated at Rs 22.84 lakh crore.
In her Budget speech on Tuesday, Sitharaman stated that the risks of climate change are the strongest negative externalities that affect India and other countries.
The tax proposals will come into effect from April 1 after the passage of the Union Budget in Parliament.
At present, the Post Office deposits limited transfer of funds within their ecosystem as the same was not connected to the banking ecosystem..
The Finance Minister further said that Kisan drones will be used for crop assessments, land records, and spraying of insecticides to drive a wave of technology in the agriculture and farming sector.
In 2019, she had made the longest speech at two hours and 15 minutes (135 minutes), only to top that the next year, in 2020, to speak for over 160 minutes.
The Finance Minister said education in this university will be made available in different Indian languages and ICT formats.
The Reserve Bank of India (RBI) has already been deliberating upon various aspects relating to the central bank digital currency and private crypto currencies.
'Kawach' is indigenously developed anti-collision device to prevent accidents to achieve railways its goal of zero accidents.
Sitharaman said that projects, supported by energy transmission, IT communication, bulk water and sewerage, in national infrastructure pipeline which pertains to seven engines will be aligned with PM Gati Shakti Framework.
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