Budget Speech

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Budget 2022: Why provisions for agriculture and the poor are laughable with no attempt to reward the efficient
Business

Budget 2022: Why provisions for agriculture and the poor are laughable with no attempt to reward the efficient

Agriculture accounts for over 50 per cent of the nation's population and services contributes to over 55 per cent of the country’s GDP. When such large segments suffer, there is something seriously wrong. The smiles on the faces of those who carried the budget papers begin to look pasted on

Union Budget 2022: Underestimating tax revenues for the second year in a row by finance minister is puzzling
Business

Union Budget 2022: Underestimating tax revenues for the second year in a row by finance minister is puzzling

In the last year’s budget, Centre’s net tax revenue growth in FY22 was estimated to grow by 8.5 per cent. Today, in the revised estimates for FY22, the Budget admits tax revenues are likely to grow by 24 per cent.

Union Budget 2022: Centre strikes a fine balance between growth and fiscal consolidation
India

Union Budget 2022: Centre strikes a fine balance between growth and fiscal consolidation

People were expecting more direct cash enhancement measures for the agriculture and rural belts, as growing joblessness and weak demand in rural belts is acting as a major drag on India’s economic recovery in the current phase

Union Budget 2022: A balanced budget with a few missed opportunities, says Kiran Mazumdar Shaw
India

Union Budget 2022: A balanced budget with a few missed opportunities, says Kiran Mazumdar Shaw

As far as corporate India is concerned, obviously we are happy because there are no negative surprises. It is almost business as usual

Union Budget 2022: Disappointing for middle class, but good for economy
Business

Union Budget 2022: Disappointing for middle class, but good for economy

The budget had estimated gross tax collection in the current year FY21-22 to be Rs 22.17 lakh-crore. However in this budget, there's an increase of Rs 3 lakh-crore, and the revised estimates are stating that actual tax could be Rs 25.16 lakh-crore

Budget 2022 updates: Union Budget 2022 reflects vision for inclusive development, says Piyush Goyal
Business

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

Union Budget 2022: Sitharaman lays down roadmap for 'Amrit Kaal'; what you need to know
Business

Union Budget 2022: Sitharaman lays down roadmap for 'Amrit Kaal'; what you need to know

Finance Minister Nirmala Sitharaman on Tuesday said the Union Budget laid down the roadmap to steer the economy over the next 25 years – from India at 75 to India at 100 – the period she termed as “Amrit Kaal”.

Union Budget 2022: Defence goes atmanirbhar as budgetary allocation upped to Rs 5.25 lakh crore
Business

Union Budget 2022: Defence goes atmanirbhar as budgetary allocation upped to Rs 5.25 lakh crore

In the Union Budget presented in Parliament by finance minister Nirmala Sitharaman, a total of Rs 1,52,369 crore has been set aside for capital expenditure that includes purchasing new weapons, aircraft, warships and other military hardware.

Budget 2022: This budget drafted with vision of making a new India, says Tripura CM
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Budget 2022: This budget drafted with vision of making a new India, says Tripura CM

Tripura chief minister Biplab Kumar Deb said that this budget is an embodiment of Prime Minister Narendra Modi's promises to fulfil the aspiration of people

Budget 2022: Centre's subsidies on food, fertilisers, petroleum to decline 39% to Rs 4,33,108 cr
Business

Budget 2022: Centre's subsidies on food, fertilisers, petroleum to decline 39% to Rs 4,33,108 cr

In its revised budget estimate for 2021-22 fiscal, the government pegged total subsidies to be at Rs 4,33,108 crore as against the actual budget estimate of Rs 7,07,707 crore in the previous financial year

Union Budget 2022: Battery swapping policy big booster for EV mobility and startups, says industry
India

Union Budget 2022: Battery swapping policy big booster for EV mobility and startups, says industry

The finance minister saying that the private sector will be encouraged to develop sustainable and innovative business models for battery and energy as a service

Union Budget 2022: Direct tax collections exceed budget estimates after three years
Business

Union Budget 2022: Direct tax collections exceed budget estimates after three years

According to the Budget document, the government has revised upwards the direct tax collection estimates for 2021-22 fiscal from Rs 11.08 lakh crore in Budget estimates, to Rs 12.50 lakh crore in revised estimates

Budget 2022: No provision for farmers and poor, fiscal deficit will rise further, says Ashok Gehlot
Business

Budget 2022: No provision for farmers and poor, fiscal deficit will rise further, says Ashok Gehlot

Rajasthan Chief Minister says that this budget will prove to be a budget to increase inflation, to fill the pockets of industrialists and to empty the pockets of common man

Budget 2022: All you need to know about Digital Rupee announced by FM Sitharaman
Business

Budget 2022: All you need to know about Digital Rupee announced by FM Sitharaman

Digital currency will lead to a more efficient and cheaper currency management system. It is, therefore, proposed to introduce Digital Rupee, using blockchain, said Nirmala Sitharaman

Union Budget 2022: Nirmala Sitharaman presents Budget amid Opposition taunts and applause from treasury benches
Business

Union Budget 2022: Nirmala Sitharaman presents Budget amid Opposition taunts and applause from treasury benches

Several members were dismayed at the non-availability of the hard copies of the Budget Speech of the finance minister. Lok Sabha Speaker Om Birla said the speech copies would be available after the presentation of the Budget

Centre proposes reducing Alternate Minimum Tax for co-op societies to 15%, surcharge to 7%
Business

Centre proposes reducing Alternate Minimum Tax for co-op societies to 15%, surcharge to 7%

Presenting the Union Budget 2022-23 Nirmala Sitharaman said the government has proposed to reduce the surcharge on cooperative societies to those having total income of more than Rs 1 crore up to Rs 10 crore

Union Budget 2022 by numbers: Rs 5.25 lakh cr for defence, Rs 7.50 lakh cr capital expenditure
Business

Union Budget 2022 by numbers: Rs 5.25 lakh cr for defence, Rs 7.50 lakh cr capital expenditure

The key takeaways from the fourth Budget of the second Narendra Modi government tabled by Finance Minister Nirmala Sitharaman in Parliament

Year of the Tiger Union Budget 2022-23: A growth-oriented exercise with no populist overtones
India

Year of the Tiger Union Budget 2022-23: A growth-oriented exercise with no populist overtones

The Nehruvian order is predictably baffled, as there are none of the usual markers on welfarism, no ‘common man’ carrots, and no freebies

Budget 2022: India's fiscal deficit slightly higher at 6.9% in FY22 than last year, says Nirmala Sitharaman
Business

Budget 2022: India's fiscal deficit slightly higher at 6.9% in FY22 than last year, says Nirmala Sitharaman

The marginal rise in fiscal deficit for the current fiscal is against the expectations of the market and experts who expected slight decline in the numbers on the back rising tax collections

Union Budget 2022: Nirmala Sitharaman announces 5G rollout: All you need to know about it
Business

Union Budget 2022: Nirmala Sitharaman announces 5G rollout: All you need to know about it

Finance Minister Nirmala Sitharaman on Tuesday announced during the Budget presentation that 5G mobile services will be rolled out during the financial year 2022-23