 "Hyundai India’s Rs 27,870 crore IPO oversubscribed by 2.28X, largely driven by institutional investors")
 "How Indian fintech startups are driving Malaysia’s UPI-like digital payments revolution")
Budget 2022 LATEST Updates: The finance minister said that consultation on cryptocurrency going on; govt will not regulate or formulate a framework for regularization before the consultation is completed. The Production-Linked Incentive (PLI) scheme across 14 sectors, including IT hardware manufacturing, has the potential to generate at least 60 lakh (6 million) new job opportunities, Finance Minister Nirmala Sitharaman said on Tuesday. Prime Minister Narendra Modi on Tuesday said that the Union Budget 2022-23 presented by Union Finance Minister Nirmala Sitharaman is full of new possibilities for more infrastructure, more investment, more growth and more jobs. Under the Parvatmala scheme contracts will be awarded in 2022-23 for eight ropeway projects of 60 km in length. Proposing a new provision to file an updated return on payment of additional tax. This can be file within 2 years. This will enable the tax payee to declare an income if they have missed out earlier, said the finance minister. The finance minister said virtual digital assets to have tax regime. Any income from transfer of such asset shall be taxed at 30 percent. Nirmala Sitharaman has proposed to launch a digita currency from FY23, which will be issued by the Reserve Bank of India. “The digital currency will be generated by using blockchain technology,” she said. The Emergency Credit Line Guarantee Scheme (ECLGS) that was introduced by the Finance Ministry in 2020 to help Micro, Small and Medium Enterprises (MSMEs) amid the COVID-19 pandemic, has been extended till March 2023. Finance Minister Nirmala Sitharaman on Tuesday began the presentation of the Budget 2022 in the Lok Sabha. She started her speech by talking about the COVID-19 pandemic. “I am confirdent that with sabka prayas we will continue our efforts,” she said. Sitharaman, who had in her first budget in 2019 replaced leather briefcase - which had been in use for decades for carrying budget documents - with a traditional red cloth ‘bahi-khata’, has spurt in tax collections to her aid in the budget that is expected to a spend-all budget. The Finance Minister, along with the Ministers of State for Finance called on President Ram Nath Kovind ahead of the Union Budget announcement at 11 am on Tuesday. The Budget session in Parliament began yesterday, kick-started by the President’s speech. Finance Minister Nirmala Sitharaman is expected to strike a fine balance between being fiscally prudent and growth supportive when she presents her fourth straight budget on Tuesday, which is expected to have plans to boost spending to revive investment and create jobs. This budget will be the fourth one presented by the Narendra Modi led BJP government during its second tenure. The Budget session will start at the Parliament around 11 am on 1 February. Finance minister Nirmala Sitharaman is likely to strike a fine balance between being fiscally prudent and growth supportive when she presents her fourth straight budget tomorrow, which is expected to have plans to boost spending to revive investment and create jobs. The Budget for the fiscal year starting 1 April, 2022 is likely to raise spending on infrastructure to set the economy on a firmer footing. The stage for the Budget presentation was set by the Economic Survey on 31 January stating that the government has the fiscal space to do more to support the economy that is forecast to grow at a healthy 8-8.5 per cent growth in the 2022-23 fiscal. Asia’s third-largest economy is estimated to expand 9.2 per cent in the fiscal year that ends in March, following a contraction of 7.3 per cent in the previous fiscal. Analysts said the finance minister will have to strike a fine balance while keeping up the momentum of the country’s promising but fledgling economic recovery and tax collections, but at the same time look at bringing in measures to spur demand, create jobs and tackle inflation as the country deals with the ongoing third wave of the COVID-19 pandemic. With a goal to reach a $5-trillion economy by FY25, capital expenditure allocation is expected to continue to remain higher while healthy tax revenues and mega disinvestment pipeline may help contain the fiscal deficit to 5 per cent in FY23. The buoyancy in tax revenues, relatively contained spending and higher nominal GDP growth is expected to have contained the fiscal deficit in the current fiscal to 6.3 per cent, below the projection of 6.8 per cent. Within infrastructure segment, higher allocation towards roads, railways and water are expected. Also, the focus would be on ease of tax compliance, simplification and digitisation as well as ease of doing business. Measures to support small businesses and the rural economy are also likely to form part of the Budget. To boost domestic manufacturing, the budget presentation may also touch upon the government’s Production Linked Incentive Scheme (PLI) applicable for the telecom, pharmaceuticals, steel, textiles, food processing, white goods, IT hardware and solar sectors. It is unclear if Sitharaman will tinker with income tax rates but there is an expectation that the exemption limit of Rs 2.5 lakh will be raised. Sitharaman would use the Budget as the cornerstone to put the economy on an accelerated growth path after the impact caused by the pandemic. Amendments in the tax law to bring about sustainable growth, infrastructure investment, focus on R&D spending, nurturing incentives to the core sectors, including manufacturing and services, tapping the huge experience of running captive centres are some of the priority items on the agenda of the government. The Budget Session in the Parliament began on Monday and is scheduled to conclude on 8 April with a recess in-between from 12 February to 13 March. Addressing the media ahead of the start of the session, Modi said it is true that because of frequent elections, sessions and discussions get affected but elections have their own place and will keep happening, and hoped that there are discussions that are free, thoughtful, full of human sensitivities, and with good intent. There are many opportunities for India in today’s global situation and asserted that the country’s economic progress, vaccination program against COVID-19, and India-made vaccines have built trust for it across the globe, he said. In this budget session also the “open-minded” discussions of parliamentarians can become an important opportunity for making a global impact, the Prime Minister said. “I hope that all MPs and all political parties will definitely help in taking the country on the path of progress and in accelerating it by having quality discussions with an open mind,” he said. The government has also convened an all-party meeting stating that it does not intend to bring any legislative business in Rajya Sabha during the first part of the Budget Session which is till 11 February. President Ram Nath Kovind, on Monday in his address to the joint sitting of both Houses of Parliament at the start of the Budget Session, highlighted the achievements of the Modi government’s mega COVID-19 vaccination drive, and noted that 150 crore doses were administered to the country’s citizens in a record time. Kovind said the Rs 64,000 crore PM Ayushman Bharat Health Infrastructure Mission will prepare the country for a health crisis in the future. The session begins ahead of the crucial Assembly elections in five states of Uttar Pradesh, Uttarakhand, Punjab, Goa and Manipur. Read all the Latest News , Trending News , Cricket News , Bollywood News , India News and Entertainment News here. Follow us on Facebook, Twitter and Instagram.
Budget 2022 updates: Union Budget 2022 reflects vision for inclusive development, says Piyush Goyal
Prime Minister Narendra Modi on Tuesday said that the Union Budget 2022-23 presented by Union Finance Minister Nirmala Sitharaman is full of new possibilities for more infrastructure, more investment, more growth and more jobs
 "Budget 2022 updates: Union Budget 2022 reflects vision for inclusive development, says Piyush Goyal")
Budget 2022 LIVE Updates:
Budget is just like another “Mann ki Baat” of Centre: Hemant Soren
This (Budget 2022) is just like another “Mann ki Baat” of Centre. By selling companies and properties of the country the BJP has become a company of worth Rs 5,000 Cr: Jharkhand CM Hemant Soren
Budget 2022 LIVE Updates:
Union Budget 2022 reflects vision for inclusive development: Piyush Goyal
Emphasizing that the government is focused on enhancing infrastructure and raising people’s income, Union Commerce and Industry Minister Piyush Goyal on Tuesday said the Union Budget 2022-23 reflects a visionary framework for holistic and inclusive development of the country.
– ANI
Budget 2022 LIVE Updates:
It’s a Budget of self-reliant India: Union Minister Sarbananda Sonowal
It's a Budget of self-reliant India. It reflects PM Modi's mantra of 'Sabka Sath, Sabka Vikas'. It provides a development package of Rs 15,00 crores for the Northeast. I thank PM Modi & congratulate FM Nirmala Sitharaman for this Budget: Union Minister Sarbananda Sonowal pic.twitter.com/wrVtg5DkVI
— ANI (@ANI) February 1, 2022
Budget 2022 LIVE Updates:
Another budget comes to pick the pocket of the common man: Akhilesh Yadav
Taking swipe at the BJP-led Central government over the Union Budget 2022-23, former Uttar Pradesh Chief Minister and Samajwadi Party chief Akhilesh Yadav on Tuesday said that BJP has presented another budget that “picks the pocket of the common man”.
Samajwadi Party chief Yadav tweeted in Hindi, “All the businesses in India have come to a halt… due to historical recession, lakhs of people have lost their jobs… Income of people has reduced… Because of the pandemic, savings in banks have come down… Now, another budget comes to pick the pocket of the common man… With this, the sad era of BJP is beginning to end! Now UP people say that they don’t want BJP anymore.” Yadav’s remarks came ahead of the Assembly elections in five states including Uttar Pradesh.
–ANI
Budget 2022 LIVE Updates:
Consultation on crytocurrency on, will not regulate before it is completed, says Sitharaman
The finance minister said that consultation on cryptocurrency going on; govt will not regulate or formulate a framework for regularization before the consultation is completed
Budget 2022 LIVE Updates:
Centre trying to bring 5G under PLI scheme, says Nirmala Sitharaman
The finance minister said that now optical fiber is reaching everywhere in the country and the Centre is trying to bring 5G under the PLI scheme.
Budget 2022 LIVE Updates:
Union budget envisages public investment, capital spending by govt: SAIL Chairperson
Lauding the Union Budget 2022-23 tabled by Finance Minister Nirmala Sitharaman in Parliament on Tuesday, Chairperson of Steel Authority of India Limited (SAIL), Soma Mondal, said the budget envisages higher public investment and capital spending by the government.
“The union budget for Financial Year 2022-23 holds promise for faster economic development putting the Indian economy on a still higher trajectory of growth. It envisages higher public investment and capital spending by the Government,” said Mondal. She further stated that the budget lays a direct focus on intensifying the infrastructure development activities through the PM Gati Shakti programme.
-ANI
Budget 2022 LIVE Updates:
68% defence purchases will be from domestic companies, says Sitharaman
68 percent purchases in defense will be from domestic companies: Finance Minister @nsitharaman #Budget2022
— PB-SHABD (@PBSHABD) February 1, 2022
Budget 2022 LIVE Updates:
60 lakh jobs to be generated through PLI scheme in next 5 yrs, says Sitharaman
The Production-Linked Incentive (PLI) scheme across 14 sectors, including IT hardware manufacturing, has the potential to generate at least 60 lakh (6 million) new job opportunities, Finance Minister Nirmala Sitharaman said on Tuesday.
Budget 2022 LIVE Updates:
Capital expenditure increased from Rs. 5.5 lakh crore to Rs. 7.5 lakh crore, says Nirmala Sitharaman
Watch LIVE:
— PB-SHABD (@PBSHABD) February 1, 2022
DD EXCLUSIVE: Special Interview with Union Finance Minister on Budget 2022#Budget2022 #UnionBudget2022
https://t.co/6Vb2HA1GVC
Budget 2022 LIVE Updates:
Rs 60,000 crore allocated to provide tap water under Har Ghar, Nal Se Jal Scheme
An allocation of Rs 60,000 crore has been made to cover 3.8 crore households in 2022-23 under Har Ghar, Nal Se Jal Scheme, informed the Ministry of Finance on Tuesday.
Presenting the Union Budget 2022-23, the Minister for Finance and Corporate Affairs, Nirmala Sitharaman said that since 2014, the government’s focus has been on empowerment of citizens, especially the poor and the marginalized. Measures have included programmes that have provided housing, electricity, cooking gas and access to water. Giving more details, the Finance Minister said that the current coverage of Har Ghar, Nal Se Jal is 8.7 crores, out of which 5.5 crore households were provided tap water in last 2 years itself. According to the press statement from the Ministry, Sitharaman also announced an allocation of Rs 48,000 crore for completion of 80 lakh houses for the identified eligible beneficiaries of PM Awas Yojana, both Rural and Urban, in 2022-23. The Central Government will work with the state governments for reduction of time required for all land and construction related approvals, for promoting affordable housing for middle class and Economically Weaker Sections in urban areas. The Government will also work with the financial sector regulators to expand access to capital along with reduction in cost of intermediation.
-ANI
Budget 2022 LIVE Updates:
Have taken numerous measures to double farmers’ income, says Nirmala Sitharaman
Interview with Union Finance Minister @nsitharaman on #Budget2022#AatmanirbharBharatKaBudget https://t.co/6e1gvl2wYg
— PIB India (@PIB_India) February 1, 2022
Budget 2022 LIVE Updates:
Not increased tax on intermediaries and raw materials to support manufacturing, says Sitharaman
To support manufacturing, we've not increased tax on intermediaries & raw materials needed in India
— PIB India (@PIB_India) February 1, 2022
We are allowing import of items which are not produced domestically but required for Indian industry,
this is the principle being followed, in line with #AatmanirbharBharat
- FM pic.twitter.com/1gr7paY7Cq
Budget 2022 LIVE Updates:
Nitin Gadkari hails new budget as historic
Union Minister for Road Transport and Highways Shri Nitin Gadkari hailed the Budget as historic giving a new vision to new India. He said it is exactly the vision of 21st century and the economic vision and priority has already been decided by this budget. Shri Gadkari said the highest priority is for Scheduled Castes, Scheduled Tribe, Farmers, Rural India, Agricultural India Tribal India, Gaon, Garib Majdoor Insaan, the welfare of all the sectors is the highest priority in this budget. The second highest priority is infrastructure. The Minister said he was really happy because he got the opportunity to work with Bharat Mala and Sagar Mala and now Parvat Mala a new programme has been started. Now it is ropeway, a cable car which is a great gift for the area particularly hilly area of the country. He said it benefits North East, Uttarakhand, Himachal and Kashmir. Shri Gadkari said It is very important for not only goods but tourism also as this can create more employment potential. He said the budget reflects the new vision of the prime minister and he was thankful to Finance Minister for giving this excellent Budget for the country.
– PIB
Budget 2022 LIVE Updates:
65% of corporate tax income for 2019-20 shifted to lower tax regime: Revenue Secy
Data shows 65% of corporate tax income for 2019-20 has shifted to lower tax regime
— PIB India (@PIB_India) February 1, 2022
Average tax rate for corporate sector is 22%, against 27%-28% in previous regime
Corporates with profit > Rs. 500 Cr. taxed at close to 20%, corporate tax relief is already there
- Revenue Secy. pic.twitter.com/jsDQp2v1Rg
Budget 2022 LIVE Updates:
FM announces proposal for bringing out Battery Swapping Policy
Union Minister @nsitharaman announces the proposal for bringing out Battery Swapping Policy and inter-operability standards
— PIB India (@PIB_India) February 1, 2022
The private sector will be encouraged to develop sustainable and innovative business models for ‘Battery or Energy as a Service’https://t.co/shmmC83QRo pic.twitter.com/OyPUEIex6I
Budget 2022 LIVE Updates:
Union Budget is progressive, forward-looking: NITI Aayog CEO
NITI Aayog CEO Amitabh Kant on Tuesday said that the Union Budget is very progressive and forward-looking and prepares India for the next stage of its sustained growth.
Speaking to ANI, Kant said, “It is a very progressive and forward-looking Budget. It prepares India for the next stage of its sustained growth. It is a continuation of the last year’s Budget. The real highlight of the Budget is its huge expansion on the capital expenditure.” He further said, “This Budget looks at sunrise areas of growth. India needs to go green, India needs to go digital and that is what this Budget pitches for. It pushes for urbanization, clean electricity, clean mobilization, and digital rupee."
– ANI
Budget 2022 LIVE Updates:
Private equity funds, venture capitalists behind many Startups becoming unicorns: FM
Private equity funds and venture capitalists have been one reason why many #Startups could become unicorns
— PIB India (@PIB_India) February 1, 2022
A committee is being formed to let the sector discuss with a group of people who understand their needs and suggest solutions for policymaking
- FM#Budget2022
Budget 2022 LIVE Updates:
Union budget is full of opportunities for higher growth, more investment and jobs: PM Modi
Prime Minister Narendra Modi on Tuesday said that the Union Budget 2022-23 presented by Union Finance Minister Nirmala Sitharaman is full of new possibilities for “‘more infrastructure, more investment, more growth and more jobs”.
In his comments on the union budget presented by Finance Minister Nirmala Sitharaman in the Lok Sabha earlier in the day, the Prime Minister said the budget will “ensure a bright future for the country’s youth”. “This budget brings in new hopes and opportunities for the people. It strengthens the economy; it’s full of new opportunities of more infrastructure, more investment, more growth and more jobs. This budget ensures a bright future for the youth,” the prime minister said.
–ANI
Budget 2022 LIVE Updates:
Added Rs 50k-cr to ECLGS for benefit of hospitality, related sectors, says Sitharaman
We recognize post 2nd wave of #COVID19, hospitality sector was in difficulty & needed support
— PIB India (@PIB_India) February 1, 2022
Since Emergency Credit Line Guarantee worked well for MSMEs, we thought this is best formulation
We have added Rs. 50,000 Cr. to ECLGS for benefit of hospitality, related sectors
- FM pic.twitter.com/HBeHVLW3mq
Budget 2022 LIVE Updates
Finance Minister Nirmala Sitharam addresses post-Budget press conference
LIVE now: Finance Minister @nsitharaman addresses post-Budget press conference, at 📍National Media Centre, #NewDelhi
— PIB India (@PIB_India) February 1, 2022
Watch on #PIB's📺
YouTube: https://t.co/sjIWlHCJQP
Facebook: https://t.co/p9g0J693ov#Budget2022 #AatmanirbharBharatKaBudget pic.twitter.com/WDbsJFJMXH
Union Budget 2022 Live Updates
Natural farming on banks of river Ganga in Uttarakhand, Uttar Pradesh, Jharkhand, Bihar, West Bengal will be promoted, says PM Modi
भारत के कोटि-कोटि जनों की आस्था, मां गंगा की सफाई के साथ-साथ किसानों के कल्याण के लिए एक महत्वपूर्ण कदम उठाया गया है।
— PMO India (@PMOIndia) February 1, 2022
उत्तराखंड, उत्तर प्रदेश, बिहार, झारखंड, पश्चिम बंगाल, इन पांच राज्यों में गंगा किनारे, नैचुरल फॉर्मिंग को प्रोत्साहन दिया जाएगा: PM #AatmanirbharBharatKaBudget
Budget 2022 LIVE Updates
Parvatmala scheme to create modern system of transportation in hilly regions: PM Modi
हिमाचल, उत्तराखंड, जम्मू-कश्मीर, नॉर्थ ईस्ट, ऐसे क्षेत्रों के लिए पहली बार देश में पर्वतमाला योजना शुरू की जा रही है।
— PMO India (@PMOIndia) February 1, 2022
ये योजना पहाड़ों पर ट्रांसपोर्टेशन की आधुनिक व्यवस्था का निर्माण करेगी: PM @narendramodi #AatmanirbharBharatKaBudget
PM Modi LIVE on Budget
This Budget is for ‘kissan kalyan’ and ‘garib kalyan’
इस बजट का एक महत्वपूर्ण पहलू है- गरीब का कल्याण।
— PMO India (@PMOIndia) February 1, 2022
हर गरीब के पास पक्का घर हो, नल से जल आता हो, उसके पास शौचालय हो, गैस की सुविधा हो, इन सभी पर विशेष ध्यान दिया गया है।
इसके साथ ही आधुनिक इंटरनेट कनेक्टिविटी पर भी उतना ही जोर है: PM @narendramodi #AatmanirbharBharatKaBudget
PM Modi LIVE on Budget
68% of Defence capital budget has been earmarked for procurement from domestic sources
इस बजट में क्रेडिट गारंटी में रिकॉर्ड वृद्धि के साथ ही कई अन्य योजनाओं का ऐलान किया गया है।
— PMO India (@PMOIndia) February 1, 2022
डिफेंस के कैपिटल बजट का 68 परसेंट डोमेस्टिक इंडस्ट्री को रिजर्व करने का भी बड़ा लाभ, भारत के MSME सेक्टर को मिलेगा: PM @narendramodi #AatmanirbharBharatKaBudget
PM Modi LIVE on Budget
Important step has been taken for the welfare of the farmers along with the faith of the people of India
Union Budget 2022 Live Updates
People friendly and progressive, says Prime Minister Narendra Modi
Speaking on #AatmanirbharBharatKaBudget 2022. https://t.co/vqr6tNskoD
— Narendra Modi (@narendramodi) February 1, 2022
Union Budget 2022 Live Updates
New budget will lay the foundation for new India and improve lives of 130 crore Indians, says Nitin Gadkari
आदरणीय प्रधानमंत्री श्री @narendramodi जी के नेतृत्व में वित्त मंत्री श्रीमती @nsitharaman जी द्वारा पेश किया गया बजट देश में आधुनिक इन्फ्रास्ट्रक्चर को बढ़ावा देने वाला बजट है, जो नए भारत की नींव रखेगा और 130 करोड़ भारतवासियों की ज़िंदगी बेहतर करेगा। #AtmaNirbharBharatKaBudget
— Nitin Gadkari (@nitin_gadkari) February 1, 2022
Union Budget 2022 Live Updates
Budget is only for the rich; has nothing for the poor, says Mallikarjun Kharge
Budget is only for the rich; has nothing for the poor. It's Arjuna&Dronacharya's budget, not Eklavya's,(from Mahabharata). They also mentioned cryptocurrency, which doesn't have any law, nor has it been discussed before;budget benefitting their friends: Mallikarjun Kharge, RS LoP pic.twitter.com/SJbXHU6Ip3
— ANI (@ANI) February 1, 2022
Union Budget 2022 Live Updates
Nothing for salaried and middle classes, poor, youth, farmers and MSMEs, says Rahul Gandhi
M0di G0vernment’s Zer0 Sum Budget!
— Rahul Gandhi (@RahulGandhi) February 1, 2022
Nothing for
- Salaried class
- Middle class
- The poor & deprived
- Youth
- Farmers
- MSMEs
Union Budget 2022 Live Updates
Visionary document to make India self-reliant, says Home Minister Amit Shah
मोदी सरकार द्वारा लाया गया ये बजट, एक दूरदर्शी बजट है, जो भारत की अर्थव्यवस्था का स्केल बदलने वाला बजट साबित होगा।
— Amit Shah (@AmitShah) February 1, 2022
ये बजट भारत को आत्मनिर्भर बनाने के साथ स्वतंत्रता के 100वें वर्ष के नए भारत की नींव डालेगा। इसके लिए @narendramodi जी और @nsitharaman जी का अभिनंदन करता हूँ।
Union Budget 2022 Live Updates
Progressive Budget; benefits all sections especially farmers, women, youth, says Yogi Adityanath
This is a progressive Budget; benefits all sections especially farmers, women, youth. Important announcements such as MSP, measures to double farmers income, 60 lakh jobs for youth,measures for women empowerment such as Mission Shakti will boost our economy: UP CM Yogi Adityanath pic.twitter.com/DkJVOcbtm6
— ANI UP/Uttarakhand (@ANINewsUP) February 1, 2022
Union Budget 2022 Live Updates
Would like to thank finance minister for consistency in policy and tax rate, says FICCI President Sanjiv Mehta
व्यापार के नज़रिए से दो चीज़े कंसिस्टेंसी ऑफ पॉलिसी और कंसिस्टेंसी ऑफ टैक्स रेट महत्वपूर्ण हैं। इसके लिए मैं वित्त मंत्री का धन्यवाद करूंगा कि उन्होंने इसमें ज़्यादा बदलाव नहीं किए। नए टैक्स भी लागू नहीं किए गए: FICCI के अध्यक्ष संजीव मेहता, दिल्ली pic.twitter.com/eoEmz9Mu6l
— ANI_HindiNews (@AHindinews) February 1, 2022
Union Budget 2022 Live Updates
Very progressive and forward-looking Budget, says NITI Aayog CEO Amitabh Kant
It is a very progressive and forward-looking Budget. It prepares India for the next stage of its sustained growth. It is a continuation of the last year's Budget. The real highlight of the Budget is its huge expansion on the capital expenditure: NITI Aayog CEO Amitabh Kant pic.twitter.com/euLP4tJMcu
— ANI (@ANI) February 1, 2022
Union Budget 2022 Live Updates
‘Pegasus spin Budget’, says West Bengal chief minister Mamata Banerjee
BUDGET HAS ZERO FOR COMMON PEOPLE, WHO ARE GETTING CRUSHED BY UNEMPLOYMENT & INFLATION. GOVT IS LOST IN BIG WORDS SIGNIFYING NOTHING - A PEGASUS SPIN BUDGET
— Mamata Banerjee (@MamataOfficial) February 1, 2022
Union Budget 2022 Live Updates
Priority given to agriculture, rural areas, welfare of all sectors, says Nitin Gadkari
Priority given to agriculture, rural areas, welfare of all sectors followed by a focus on infrastructure. Introduction of 'Parvat Mala' project in my ministry is a great gift for hilly areas; will create jobs. Thankful to FM for this excellent Budget: Transport Min Nitin Gadkari pic.twitter.com/uiL0NqGNYv
— ANI (@ANI) February 1, 2022
Union Budget 2022 Live Updates
This is budget of new, prosperous, powerful and developed India, says Shivraj Singh Chouhan
Madhya Pradesh chief minister Shivraj Singh Chouhan says, “This is the budget of a new and prosperous, powerful and developed India. More than 35 per cent amount has been increased on the budget for infrastructure development. With this, along with the development of infrastructure, new employment opportunities will also be created.
मैं माननीय प्रधानमंत्री श्री @narendramodi जी को बधाई देता हूं। यह नये और समृद्ध, शक्तिशाली व विकसित भारत का बजट है।
— Shivraj Singh Chouhan (@ChouhanShivraj) February 1, 2022
अधोसंरचना विकास के लिए 35% से ज्यादा राशि बजट पर बढ़ाई गई है। इससे अधोसंरचना के विकास के साथ-साथ रोजगार के नये अवसर भी सृजित होंगे। #AatmaNirbharBharatKaBudget pic.twitter.com/Fif9keUJLB
Union Budget 2022 Live Updates
Budget ‘growth oriented’, says Deepak Parekh, Chairman of HDFC
“What we needed was increased capital expenditure and everyone was asking for that and looking forward to that. So Gati Shakti which has all the modes of infrastructure and logistics, a lot of emphasis has been put by the finance minister on it and there has been allocation of large resources for infrastructure.”
“The direct taxes have not been changed at all except some surcharge here and there because the government has got phenomenal revenue. The gross tax revenue has increased by 50 percent in 9 months, corporate tax has gone up by 90 percent and so also the income tax has gone up by 48 percent. So there is no need to change the income tax slab rates, 80C exemptions etc. So I think the markets will like it, enough emphasis has been given to the private sector participation. So I think it is a growth oriented budget.”
Union Budget 2022 Live Updates
Party seems to be over for crypto assets and exchanges: Subhash Chandra Garg
No crypto bill. But, taxation at 30% of transfer gains. Additionally, 1% TCS at the time of transfer. Party seems to be over for crypto assets and exchanges.
— Subhash Chandra Garg (@Subhashgarg1960) February 1, 2022
Digital rupee announcement is more formal. RBI not prepared its model or tested it. No indication of enabling law.
Budget 2022 Speech Live Updates
FM’s Budget announcement betrayal of salaried, middle classes: Congress
The Congress on Tuesday accused Finance Minister Nirmala Sitharaman and Prime Minister Minister Narendra Modi of betraying the country’s salaried and middle classes by not announcing any relief measures for them in the Union Budget.
Congress general secretary and chief spokesperson Randeep Surjewala said the salaried and the middle classes have been affected due to pay cuts and high inflation.
“India’s salaried class and middle class were hoping for relief in times of pandemic, all round pay cuts and back breaking inflation. FM and PM have again deeply disappointed them in Direct Tax measures,” Surjewala said on Twitter.
Chennai Ranks #1 in Challan Checks: ACKO Insights for Smarter Car and Two Wheeler Insurance Decisions
Chennai leads India in challan checks, with drivers checking their e-challans over 5 times a month on average. Helmet non-compliance is the most broken rule, accounting for 34.8% of all traffic offences in Chennai. Regular digital challan checks help drivers avoid hefty fines, promote safe driving, and improve insurance premiums.
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