Page 15 - Budget 2022

Union Budget 2022-23: BJP, JJP hail it; Congress and INLD slam it

Chief Minister M L Khattar hailed the budget, terming it as "pro-farmers"

MSME sector group hails budget; another trade body dismayed over tax sops

A leading organisation representing MSMEs praised the Union Budget for 2022-23, saying its proposals are based on "long-term thinking"

Budget 2022: Ministry of Science and Technology allocated Rs 14,217 crore

The Ministry of Science and Technology has been allocated Rs 14,217 crore in the Union Budget 2022-23, a 3.9 per cent decrease from last fiscal. The ministry has three departments Department of Science and Technology (DST), Department of Biotechnology and Department of Scientific and Industrial Research (DSIR). An amount of Rs 6,000 crore has been allocated to the Department of Science and Technology, Rs 2,581 crore to the Department of Biotechnology and Rs 5,636 crore have been allocated to the Department of Scientific and Industrial Research. All these departments played a key role in combating the COVID-19 pandemic in the country. The Central Sector Schemes under the Department of Science and Technology were allocated Rs 2,894 crore, a drop from Rs 2,915 crore in 2021-22. At the same time, Rs 1,680 crore have been allocated to central sector schemes under the Department of Biotechnology, a drop from Rs 2,620 crore in 2021-22. Also, Rs 39 crore have been allocated to the Centr

Rs 1,711 cr earmarked for union cabinet, ministers salaries, travel, others

The Union Budget allocated Rs 1,711.04 crore for a host of expenditure of the Union Cabinet that includes salaries, sumptuary and travel by central ministers among others.

Budget 2022: Govt pegs STT collection at Rs 20,000 cr for FY23

The sharp increase in budget estimate for the next fiscal could be on account of government's confidence in the securities market

Budget 2022: Govt allocates Rs 3,050 crore to Ministry of Ayush

The Ministry of Ayush has received an allocation of Rs 3,050 in the Union Budget 2022-23, a slight increase of 2.69 per cent from 2021-22 when Rs 2,970 crore was earmarked for it.

Budget 2022: Growth-oriented and transformative, says CII Director General

'We are confident that the growth projection made by the Economic Survey at 8-8.5 per cent in 2022-23 will be met,' the CII DG Chandrajit Banerjee averred

Unprecedented provisions made for farm sector development in Budget: Tomar

Welcoming the Budget 2022, Agriculture Minister Narendra Singh Tomar on Tuesday said unprecedented provisions have been made for the overall development of the farm sector.

Centre allocates Rs 19,130 crore in Union Budget for Metro projects

The Centre has allocated Rs 19,130 crore in the Union Budget 2022-23 for various metro projects in the country.

Budget 2022 'extremely negative' for Delhi, betrays farmers: Sisodia

The central government not only reduced allocation for minimum support price (MSP) but also cut down the number of beneficiaries in the Budget, he said

Budget 2022: MF industry seen benefiting with digital assets under tax net

Move will help more millennials come into MF fold; asset management companies also welcome surcharge rationalisation

Industry hails infrastructure push through Gati Shakti, PPP in Budget

Industry players on Tuesday hailed the announcements for the infrastructure sector in the Union Budget and said the proposal to fund infrastructure through 'Gati Shakti' and public private partnerships will mark the escalation of economic prosperity. Finance Minister Nirmala Sitharaman on Tuesday presented the Union Budget 2022 in Parliament. "One of the strongest parts of this Budget is the government's renewed commitment with its continued investment in strengthening the country's infrastructure. The proposal to fund infrastructure through PM Gati Shakti, Public Private Partnerships, etc. will mark the escalation of economic prosperity. "Overall, the budget seems to have given a booster dose to facilitate faster economic growth of the nation; roads is definitely one of the prominent sectors to get deserved focus through adequate funding," IRB Infrastructure Developers Chairman & Managing Director Virendra D Mhaiskar said. According to EY India Tax Partner Infrastructure Samir ..

Industry, agri startups welcome Budget's focus on strengthening farm sector

The industry welcomed the Budget's focus on the agriculture sector, including developing infrastructure and expanding the role of technology.

Budget 2022: Mixed bag of economy boosters and clarificatory measures

The FM has announced that digital rupee - using blockchain technology - will be introduced by RBI in 2022-23

Budget 2022: 'Focus on multi-modal connectivity to boost logistics sector'

Finance Minister Nirmala Sitharaman in her Budget speech on Tuesday said the PM Gati Shakti National Master Plan is a transformative approach for economic growth and sustainable development

Budget 2022: Equity investors become richer by about Rs 3 trillion

Equity investors became richer by more than Rs 2.99 lakh crore on Tuesday as the Union Budget was well received by the stock market. On the Budget Day, the 30-share BSE index jumped 848.40 points or 1.46 per cent to settle at 58,862.57. During the day, it gained 1,018.03 points to 59,032.20. It was merriment on the Dalal Street, as the market capitalisation of BSE-listed companies jumped by Rs 2,99,354.61 crore to Rs 2,67,40,561.79 crore. This is the second day of gain for the market and in two days investors' wealth has zoomed Rs 6,32,857.56 crore to reach Rs 2,67,40,561.79 crore. "The equity markets were cheerful on announcement of huge outlay of capital expenditure in overall infrastructure development. This Union Budget will also lay the foundation for economic growth through public investments as India emerges from a pandemic induced slump. "Hardly any tinkering with tax & avoiding populist measures was also received well by the market participants," said Devang Mehta, Head

Budget 2022: Oppn slams it as 'Pegasus spin budget', 'zero-sum budget'

The Opposition on Tuesday slammed the Union Budget, calling it a "Pegasus spin budget" and a "zero-sum budget" that has nothing for the salaried class and the poor

Budget 2022: Consumer electronics players lament no reduction in GST

Consumer electronics manufacturers were left disappointed on Tuesday as there was no concession or GST rationalisation on smart TVs and other products in the Union Budget 2022-23.

Budget 2022: Taxpayers can file updated I-T returns within two years

The Finance Minister said this would give taxpayers an opportunity to correct any omissions or mistakes in correctly estimating their income for tax payment

'Budget 2022 sends important signal to markets, financial institutions'

These were the views of climate experts and negotiators who participated in several international diplomatic meets, including the just concluded UN Climate Change Conference or COP26