Tag: Union Budget 2022

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..

This budget will only increase the inequality and leave the largest section of our population vulnerable and dependent on handouts, said Congress leader Gaurav Gogoi.

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.

Natural farming will be promoted along the Ganga corridor, the Finance Minister said.

The PLI scheme has the potential for additional production of Rs 30 lakh crore worth products during the next five years, she added.

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.

This is the fourth budget of the Sitharaman at a crucial time when the nation is reeling under pandemic. The public is expecting a big relief and generation of employment opportunities from the government.

Union Finance Minister Nirmala Sitharaman tabled the economic survey, which said that India's economy is expected to grow at 8-8.5 per cent in the next fiscal.