Tag: Union Budget

What the common people expect from the budget are reductions in the prices of essential commodities, income tax rebates on hard-earned money, employment scope for youths and social security for the elderly. 

The year 2022 witnessed record high housing sales and new launches across the top seven cities in the country.

The previous budget for 2022-23 had allotted Rs 7.50 lakh crore as capital expenditure, which was a 35.4 per cent jump over 2021-22.

"There is no wish list. Just one wish. Zero tax," quipped a Tamil Nadu government employee.

The meeting of the Council of Ministers, called before the last full budget of the tenure of the Modi government, is being termed crucial.

With farmers being a major vote bank in an agriculture-dominated country like India, the government may come up with sops for the farming community in the forthcoming budget.

The application of pesticides using drones will not only make it easier for farmers to efficiently protect plants from pests but will also eventually help in increasing their incomes through reduced input costs.

While underlining the importance of synergy among various government departments, she said: "Hon'ble Prime Minister's Gati Shakti plan is an umbrella for several projects of different departments and envisages states' participatory role leading to synergy and a multiplier effect especially in infrastructure."

The prime minister said Indian students going abroad for study, especially in medical education, also result in hundreds of billions of rupees exiting the country as well.

Replying to the general discussion on the General Budget 2022-23, she said that stable and sustainable recovery was one of the motives for this Budget and highlighted the importance of emphasising digital technology in governance that will help in transparency in governance beyond easing the process for common man.

The focus of the budget has been to address the constraints which are in the way of the country grasping the opportunities of the fourth industrial revolution, he said.

Union Budget 2022 Good For Odisha: Economist Charudutta Panigrahi

India now has 83 unicorns, most of which are in the services sector and 44 startups achieved the unicorn status (values more than $1 billion) last year, the Economic Survey 2021-22 said on Monday.

Among the stocks, Tech Mahindra, BPCL, Infosys, Wipro, and ONGC were the top five gainers in the morning session.

Nirmala Sitharaman on February 1, 2021 presented what she called was 'once-in-a-century budget' as it looked to revive Asia's third-largest economy via investing in infrastructure and healthcare while relying on an aggressive privatisation strategy and robust tax collections.