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Budget 2022-23 News

18 Mar 2022

Tamil Nadu Budget 2022-23: State government to procure 500 electric buses

The new diesel buses will be BS-VI compliant The announcement was made presenting the state budget in the Assembly 2,213 BS-VI new diesel buses and 500 new electric buses will be procured

09 Mar 2022

Meghalaya CM tables Rs 1,849-crore deficit budget, no extra taxes proposed

Sangma announced that the state government has made 'fundamental changes' in the budgeting system. He said the government has estimated a total receipt of Rs 18,700 crore.

08 Mar 2022

India has set a net-zero carbon emissions target by 2070: Narendra Modi

Modi also said that in the Budget 2022-23, the government has taken many steps to ensure that the momentum of rapid growth is maintained "The financing sector needs to look at new futuristic ideas, innovative financing of initiatives, and sustainable risk management," said Modi at the webinar The PM also hailed women's power on the occasion of International Women's Day

04 Mar 2022

Himachal CM presents Budget for 2022-23; MLALAD fund hiked to Rs 2 crore

Thakur also announced to increase the discretionary grant for MLAs from Rs 10 lakh to Rs 12 lakh for the next fiscal. A total of 789 plans from NABARD worth Rs 3,200 crore had been approved during the Congress government's five-year tenure.

03 Mar 2022

Jharkhand government tables over Rs 1 lakh crore budget for FY23

Revenue expenditure is pegged at Rs 76,273.30 crore. A 27-per cent hike in allocation for the health sector has been proposed.

05 Feb 2022

Finance Minister Sitharaman urges India Inc to open up purse to push growth

The government in September 2019 slashed corporate tax rate for companies that do not avail of any tax incentive, to 22 per cent. New manufacturing companies have to pay at an even lower corporate tax rate of 15 per cent. The Budget 2022-23 presented on February 1 proposed that the concessional 15 per cent corporate tax rate would be available for one more year till March 2024.

04 Feb 2022

Budget 2022 for the common man decoded! Know how it impacts your money

Impact of Budget on Salaried individuals. Hike in NPS govt contribution for state govt employees. Extension of revised ITR filing window.

04 Feb 2022

Budget 2022: Saving for a rainy day? Your umbrella just got costlier

Commonly used items like earphones, headphones and loudspeakers, umbrellas along with solar cells and solar modules and even toys are set to see a price hike due to an increase in customs duties on imported parts.

02 Feb 2022

Animation Task Force to provide much-needed boost to gaming, says MPL CEO

The AVGC sector offers immense potential to employ youth, Budget 2022 said. MPL's CEO Sai Srinivas said that gaming and animation is one of those sectors that have an incredible amount of exploring potential.

02 Feb 2022

Union Budget 2022: Here's what has become cheaper and what's costlier

No respite on Income Tax slab in the Budget. Revised ITR filing window increased. Move aimed to help in case of less filing of tax.

02 Feb 2022

Budget short on structural reform announcements: Fitch Ratings

However, the firm noted that the boost is short on major growth-enhancing structural reform announcements. The planned acceleration in the infrastructure capex drive will likely provide a fillip to near- and medium-term growth if fully implemented.

02 Feb 2022

Sovereign green bonds, battery swapping to help in achieving renewable energy

Sitharaman presented the Union Budget 2022. She noted that with Budget 2022, the government will promote energy transition and climate action. Das said that the next one or two years are going to be a net positive for the industry as a whole.

02 Feb 2022

Budget 2022 lays down road map for an ‘Aspirational India', says Meesho CEO

Aatrey said that Union budget 2022 is forward-looking and inclusive. He says Budget 2022 lays down the road map for an ‘Aspirational India’.

02 Feb 2022

What is a Digital Rupee and how it will fuel India’s growth? Explained

The government will control the pricing of the digital rupee. CBDC will give a big boost to the digital economy, said Budget 2022 document. Digital Rupee using blockchain issued by the RBI will familiarise Indians with the benefits and efficiency of virtual currency.

01 Feb 2022

Sports Budget increased by Rs 305.58 crore, emphasis on Khelo India

The Union budget of 2022-23 has allocated Rs 3,062.60 crore to the Ministry of Youth Affairs and Sports, a hike of 11.08 per cent (305.58 cr) as compared to the budget estimate in 2021-2022.

01 Feb 2022

Budget 2022: Hospitality industry terms Union Budget as ‘disappointing'

Sitharaman had acknowledged that hospitality firms are yet to regain their pre-pandemic level of business. NRAI President Kabir Suri, however, said the extension of the Emergency Credit Line Guarantee Scheme (ECLGS) till March 2023 may ease current liquidity issues. Suri said the restaurant industry was eagerly looking at some immediate liquidity support like restoration of input tax credit (ITC) on GST.

01 Feb 2022

Disappointment on Income tax, 30% tax on virtual currency -- Decoding Budget

No respite on Income Tax slab. Revised ITR filing window increased. Move aimed to help in case of less filing of tax.

01 Feb 2022

Have not tried to earn even a single paisa by increasing tax this year: FM

No respite on Income Tax slab. Revised ITR filing window increased. Move aimed to help in case of less filing of tax.

PM Gati Shakti Master Plan

01 Feb 2022

PM Gati Shakti Master Plan will give big boost to warehousing, logistics

Sitharaman said that the plan will facilitate the faster movement of people and goods. She added that the National Highway network will be expanded by 25,000 km in 2022-23.

01 Feb 2022

Budget 2022: ECLGS extension, Ease Of Doing Business 2.0 to bolster MSMEs

Setting up of the long-awaited bad bank will ease the bad loan burden, said Religare Enterprises' Rashmi Saluja. Saluja added that the Rs 20,000 crore capital infusion into public sector banks will allow more room for provisioning of bad assets.

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