All 150,000 post offices will be connected to the core banking system that will enable people to access their account online and also transfer money within post office accounts and to other banks
In her Budget Speech 2022-23, she also informed that two lakh anganwadis will be upgraded for improving child health
Scheduled commercial banks will set up 75 digital banks in 75 districts to encourage digital payments, Finance Minister Nirmala Sitharaman said on Tuesday
Finance Minister Nirmala Sitharaman on Tuesday proposed to further extend the Emergency Credit Line Guarantee Scheme (ECLGS) till March 2023, with an expanded guarantee cover of Rs 5 lakh crore. She also said the draft DPRs (detailed project report) for five river links have been finalised and the implementation of Ken-Betwa rivers linking with an estimated cost of Rs 44,605 crore will be taken up. In her Budget Speech 2022-23, Sitharaman said Kisan drones for crop assessment, land records and spraying of insecticides are expected to drive a wave of technology in the agriculture sector. "ECLGS scheme to be extended till March 2023 and guarantee cover expanded by Rs 50,000 to Rs 5 lakh crore," she said.
Finance Minister Nirmala Sitharaman on Tuesday proposed to set up a digital university to provide education that will be built on a hub and spoke model
As part of initiatives to promote digital infrastructure, a desh stack e-portal will be launched, she noted in her presentation of the Union Budget for 2022-23
Equity benchmarks Sensex and Nifty extended their gains and were trading over 800 points higher in mid-session deals on Tuesday, as Finance Minister Nirmala Sitharaman began her Budget speech
She also said that a rationalised scheme to increase domestic oilseed production will be brought in to cut down imports
She also said multimodal logistic parks will also be set up in 2022-23
Finance Minister Nirmala Sitharaman on Tuesday said that this year's Budget would continue to provide impetus to growth
Big private investment in infrastructure would be guided by Gati Shakti, Finance Minister Nirmala Sitharaman said on Tuesday
Railways will develop new products for small farmers and MSMEs, Finance Minister Nirmala Sitharaman said on Tuesday. Presenting the Union Budget for 2022-23, she noted that efforts of central and state governments are leading to jobs and entrepreneurial opportunities. She further said national highways will be extended by 25,000 km during 2022-23, and the PM Gati Shakti for road transport master plan will be finalised in 2022-23.
Finance Minister Nirmala Sitharaman on Tuesday said the country's economic growth is expected at 9.2% in the current financial year, on the back of a sharp rebound in the economy
The Union Cabinet headed by Prime Minister Narendra Modi on Tuesday approved the Budget 2022-23, sources said. The Budget will be presented by Finance Minister Nirmala Sitharaman in a short while from now in the Lok Sabha. The Budget documents usually include the finance minister's speech in Parliament, highlights, annual financial statement, finance bill containing tax proposals, memorandum explaining the provisions in the financial bill, and macroeconomic framework statement. They also include the medium-term fiscal policy cum fiscal policy strategy statement, outcome framework for schemes, customs notification, implementation of previous Budget announcements, receipt budget, expenditure budget and statement of budget estimates.
The Budget is widely expected to boost spending towards policies that create jobs, boost manufacturing, helping rural and agri-economy and infrastructure creation
American companies having a foothold in India and those planning to expand their business in the fastest growing economy of the world expect tax parity in the annual budget.
India is likely to step up spending on infrastructure, health services and social programmes in its annual budget on Tuesday.
Finance Minister Nirmala Sitharaman is expected to channel more spending toward policies that create jobs, boost manufacturing and also benefit the poor
This year, the Union Budget will be delivered in paperless form for the second time, unlike the traditional 'bahi-khata' form