Page 19 - Budget 2022

Relief for those with income above Rs 2 cr in capping of LTCG surcharge

'I propose to cap the surcharge on long term capital gains arising on transfer of any type of assets at 15%,' said FM in Budget speech

Budget 2022: Full text of Finance Bill as tabled in Lok Sabha by FM

Here is the full text of the Finance Bill as tabled in Lok Sabha by Finance Minister Nirmala Sitharaman

Union Budget 2022 proposes to introduce digital rupee to be issued by RBI

FM sees big push to digital economy, says digital currency will also lead to a more efficient and cheaper currency management system

Budget 2022: Full text of Annual Financial Statement tabled in Lok Sabha

Here is the full text of the Annual Financial Statement as tabled in Lok Sabha by Finance Minister Nirmala Sitharaman

What Budget 2022 holds for the individual taxpayer and the investor

While there was no change in the slabs and no deductions whatsoever, there was some relief for taxpayers who make a mistake in filing income-tax

Nothing for middle class, poor in Union Budget, says Rahul Gandhi

Congress leader Rahul Gandhi on Tuesday dubbed the Union Budget for 2022-23 as a 'zero-sum budget', saying it has nothing for the salaried, middle class and the poor.

Investment-oriented Budget 2022 will put strain on liquidity for sure

RBI has a task on hands, and this time it will be different as private credit demand is likely to pick up. Hence liquidity management will need a different approach

Budget 2022: Full text of the memorandum of the Finance Bill tabled in LS

Here is the full text of the memorandum of the Finance Bill as tabled in Lok Sabha by Finance Minister Nirmala Sitharaman

'Extremely disappointing, a damp squib': Shashi Tharoor on Budget 2022-23

The Congress MP said there is no mention of MGNREGA, Defence or any other urgent priorities facing the public

Govt extends ECLGS scheme for MSMEs till Mar 2023; thrust on hospitality

Presenting the Budget 2022-23 in Parliament, the Finance Minister said the Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE) scheme will be revamped with required infusion of funds

Govt enhances PLI for domestic solar cells, modules to Rs 24,000 cr

With the increase in allocation to Rs 24,000 crore, the quantum of investments and domestic manufacturing capacity envisaged under the PLI scheme would further increase.

Budget 2022: Share of capital expenditure is the highest in 19 years

The last time such a large segment was allocated was in 2004-05

Budget 2022: Education expenditure set to cross Rs 1 trillion in 2022-23

The government has proposed one channel per class in all vernaculars, taking the number of channels from 12 to 200

Budget 2022: 30% tax on income from cryptocurrency, virtual assets, says FM

'I propose to provide that any income from transfer of any virtual digital asset shall be taxed at the rate of 30%,' said FM Sitharaman

Govt pegs fiscal deficit for FY22 a tad higher at 6.9%, for 2022-23 at 6.4%

The fiscal deficit or the gap between expenditure and revenue was estimated at 6.8 per cent of the gross domestic product (GDP) in the current financial year ending March 31, 2022

Full text of Finance Minister Nirmala Sitharaman's Budget 2022 speech in LS

Here is the full text of Finance Minister Nirmala Sitharaman's Budget 2022 in Lok Sabha

FM Sitharaman proposes cut in customs duties on certain chemicals

She also announced a reduction in customs duty on cut and polished diamond, gemstones to 5 per cent

Budget 2022: No change in personal income tax rates

FM Sitharaman also did not raise standard deduction, which was widely anticipated in view of elevated inflation levels and impact of the pandemic on the middle class

'Betrayal of middle and salaried class', Cong slams govt on Budget

After Finance Minister Nirmala Sitharaman did not announce any tax relief in the Budget for the year 2022-23, the Congress on Tuesday slammed the government for betraying the middle and salaried class

Task force on animation, gaming, comic promotion to be set up: FM

Finance Minister Nirmala Sitharaman on Tuesday said a task force on animation visual effects, gaming and comic promotion will be set up to recommend ways to serve markets and global demand. In her Union Budget 2022-23 presentation she also said states will be encouraged to adopt Unique Land Parcel Identification Number to facilitate IT-based management of land records. UDYAM, e-SHRAM, National Career Service, ASEEM portals will be interlinked and their scope will be widened with live organic databases.