Budget 1

Budget 1 News

Punjab: Bhagwant Mann led-AAP government to present its first budget on 27 June
India

Punjab: Bhagwant Mann led-AAP government to present its first budget on 27 June

Earlier, the AAP-led government had sought suggestions from the general public for the state budget for the year 2022-23 while dubbing it as a 'Janta Budget'

Public welfare budget dedicated to overall development of Uttar Pradesh, says Chief Minister Yogi Adityanath
Politics

Public welfare budget dedicated to overall development of Uttar Pradesh, says Chief Minister Yogi Adityanath

Uttar Pradesh's finance minister Suresh Kumar Khanna said the budget would be for the welfare of the people and according to the BJP's 'Sankalp Patra' (election manifesto)

Defence Ministry earmarks 25% of domestic capital procurement budget for private industry to promote start-ups
India

Defence Ministry earmarks 25% of domestic capital procurement budget for private industry to promote start-ups

A Defence Ministry release said that it has also been decided that an amount of Rs 1,500 crore will be earmarked for procurement from start-ups from within the allocations for domestic capital procurement

Top Congress leaders discuss party strategy for the upcoming Budget Session
Politics

Top Congress leaders discuss party strategy for the upcoming Budget Session

The Congress lost Punjab to the AAP and could not wrest any of the four other states – Uttar Pradesh, Uttarakhand, Goa and Manipur – from the BJP

Haryana government presents Rs 1.77-lakh-cr Budget; announces Sushma Swaraj Award for women
India

Haryana government presents Rs 1.77-lakh-cr Budget; announces Sushma Swaraj Award for women

Tabling the budget on International Women's Day, Haryana chief minister Manohar Lal Khattar, who also holds the finance portfolio, announced the Haryana Matrushakti Udyamita Scheme to provide support to women for becoming entrepreneurs

India sets up Animation, Visual Effects, Gaming and Comics task force: What this means for future of metaverse in country
Entertainment

India sets up Animation, Visual Effects, Gaming and Comics task force: What this means for future of metaverse in country

Experts claim "there is no reason why India cannot be a world contender in building the metaverse" if the announcement of the AVGC task force in Budget 2022 is followed by robust execution.

Rajasthan BJP chief apologises for remarks comparing state budget to dark-skinned bride
India

Rajasthan BJP chief apologises for remarks comparing state budget to dark-skinned bride

On Wednesday, after Chief Minister Ashok Gehlot presented the Budget for the year 2022-23, Satish Poonia compared it to the face of a dark-complexioned bride after getting a good makeover

Crypto tax: A laudable move but government should engage in meaningful deliberations with stakeholders
Business

Crypto tax: A laudable move but government should engage in meaningful deliberations with stakeholders

To put the prevailing apprehensions at rest, the Modi government should hold talks with all stakeholders, both on the taxability of virtual digital assets and their future legal position in India

Budget 2022: Time to focus on upskilling can elevate tech talent pool
Business

Budget 2022: Time to focus on upskilling can elevate tech talent pool

Union Budget 2022-23: Digital university has the potential to make education more accessible, democratised

Budget 2022: Implications of crypto tax regime on common investor
Business

Budget 2022: Implications of crypto tax regime on common investor

Union Budget 2022-23: Gains from crypto, NFTs still considerably high; 30% tax rate may not discourage most investors

Budget 2022: Proposals on increased infra capex, MSMEs, to largely benefit banking sector
Business

Budget 2022: Proposals on increased infra capex, MSMEs, to largely benefit banking sector

Union Budget 2022-23: Innovative financing instruments such as blended finance, sovereign green bonds will boost overall credit ecosystem

Budget 2022: Higher capex, support to states positive for infra sector, construction contractors
Business

Budget 2022: Higher capex, support to states positive for infra sector, construction contractors

Union Budget 2022-23: Over 60 percent of capex has been aimed towards defence, railways, and roads

Budget 2022: Restrictions on availment of ITC a boon or a bane?
Business

Budget 2022: Restrictions on availment of ITC a boon or a bane?

Union Budget 2022-23: Ambiguity and questions around availment of ITC have come up and the industry will have to wait for clarifications to address integrities of provision

Union Budget 2022: How government’s budgetary and policy planning now shifts to a 25-year horizon
India

Union Budget 2022: How government’s budgetary and policy planning now shifts to a 25-year horizon

India under Prime Minister Narendra Modi has changed the paradigm for integrated financial and policy planning from a five-year vision to initiate setting the stage for a quarter of a century

Budget 2022: With a strong policy focus in RE, measures remain positive to support investments
Business

Budget 2022: With a strong policy focus in RE, measures remain positive to support investments

Union Budget 2022-23: Sovereign green bonds for public sector projects remain positive for central public sector undertakings

Budget 2022: There is little in Nirmala Sitharaman’s announcements to make agriculture climate resilient
Business

Budget 2022: There is little in Nirmala Sitharaman’s announcements to make agriculture climate resilient

Union Budget 2022-23: When oil prices are high and rising, the government proposes to reduce fertiliser subsidy bill

Budget 2022: EV segment to benefit from Nirmala Sitharaman’s  policy measures
Business

Budget 2022: EV segment to benefit from Nirmala Sitharaman’s policy measures

Union Budget 2022-23: Battery swapping is likely to gain acceptability in commercial applications

Budget 2022: Worst-hit MSME sector stands to benefit from Nirmala Sitharaman’s announcements
Business

Budget 2022: Worst-hit MSME sector stands to benefit from Nirmala Sitharaman’s announcements

Union Budget 2022-23: Credit guarantee trust for MSMEs are set to see a revamp and will ensure the allocation of Rs 2 lakh crore more to the growth of the sector

Budget 2022: Government decision to fund capital outlay for NH projects largely through budgetary support positive
Business

Budget 2022: Government decision to fund capital outlay for NH projects largely through budgetary support positive

Union Budget 2022-23: Allocations to the PMGSY increased by 27% to Rs 190 billion which is expected to support order book

Budget 2022: Tax holiday of five years for startups remains unanswered in Nirmala Sitharaman’s announcements
Business

Budget 2022: Tax holiday of five years for startups remains unanswered in Nirmala Sitharaman’s announcements

Union Budget 2022-23: The finance minister may not have relieved us of greater tax burdens, but some respite was given to business, startups