Tag: Union Budget

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.

Union Budget 2022: What Homemakers Expect? Watch Reactions

As the countdown has already begun for the presentation of the Budget, 2022 on February 1, people have started speculating over what the government is going to offer them this time. 

Considering the inflation in the economy over the last 12 years as well as reducing compliance burden, there is a need to increase the threshold limit from the present Rs 10,000 to Rs 30,000.

Union Finance Minister Nirmala Sitharaman on Sunday held a pre-budget stakeholder meeting with BJP leaders and other intellectuals associated with the party.

India has emerged as the third largest ecosystem for startups globally after the US and China with over 60,770 officially -recognized startups across 636 districts.