Page 3 - Budget 2022

Need to separate individual from institution: FM Nirmala Sitharaman

Sitharaman is in the country's financial capital on a two-day post-Union Budget customary visit

Budget 2022 focused on growth revival: Nirmala Sitharaman to industry

The revival of economic growth was the foremost priority of the Union Budget FY23, said Finance Minister Nirmala Sitharaman

Digital divide is rapidly shrinking in India, says PM Narendra Modi

With the call for having innovation for ensuring 'inclusion', the Prime Minister mentioned that the budget will help in implementing National Education Policy

Farmers gaining from paddy buy up 80% in 6 years, but Punjab needs more

Beyond what Sitharaman said about the procurement process in 2021-22, there are several dimensions to this

Budget push for infra should make Indian cities resilient to climate change

In her budget speech, finance minister Nirmala Sitharaman asked 'to nurture megacities and their hinterlands so that they become current centres of economic growth'

NARCL to help reduce banking stress, kick-start credit cycle: RBI article

The cross-country evidence suggests that if the logistical and financial challenges are carefully navigated, experiments of centralised bad bank can have more hits than misses: RBI article

Initiate next generation reforms to improve ease of doing biz: FM asks Sebi

The minister's remarks come against the backdrop of the Federal Reserve deciding to tighten its monetary policy after a long period of easy money regime

India 10-year bond erases all losses since budget, yield down 5 bps

India's retail inflation is now over the upper limit of the Reserve Bank of India's tolerance band, accelerating to a seven-month high just above 6% in January

Decision on issuance of green bonds next month, says RBI Governor

The Budget had indicated that green bonds are part of the overall borrowing for the next financial year

Discussions on with RBI over digital currency: Finance Minister Sitharaman

Sitharaman in her Budget speech on February 1 had announced that Digital Rupee or Central Bank Digital Currency (CBDC) would be issued by the RBI in the coming fiscal year

'Budget allocation a boost to postal dept's financial inclusion goals'

Further, as per Budget announcements, Railways will develop new products and efficient logistics services for small farmers and small and medium enterprises

Government to tighten MGNREGA scheme to plug 'tremendous leakages'

The Centre has allocated Rs 73,000 crore for 2022-23, which is 25 per cent lower than the Rs 98,000 crore provided in the revised estimate (RE) for the current fiscal

Budget with BS, Ep 17: Social sector, cryptocurrency, and Sujatha Rao Q&A

Budget's MGNREGA spend cut perplexing, says India Ratings

Cutting rural employment guarantee commitments in the Budget despite a build-up of distress was termed as 'perplexing' by India Ratings

First part of Budget Session concludes, Lok Sabha to meet again on March 14

The first part of the Budget Session of Parliament concluded on Friday after debates on the Motion of Thanks on the President's Address and the General Budget. The session, which began with the address of President Ram Nath Kovind to both Houses of Parliament assembled together on January 31, will have a three-week recess for members to study the budget proposals of the government. "Lok Sabha will meet again on March 14," Speaker Om Birla said at the conclusion of the first part of the Budget Session. Lok Sabha will take up Demands for Grants, Appropriation Bills and Finance Bill, along with other bills, during the second part of the Budget Session which is scheduled to conclude on April 8. In his closing remarks, Birla said that despite the challenges of COVID-19, members worked till late night in the House, which resulted in 121 per cent productivity rate. Birla said that instead of the allotted time of 12 hours for the discussion on the President's Address, it was held for 15 h

Budget brings stability, inflation less than that during 2008 crisis: FM

There is no question of a slowdown or recession, said Sitharaman, as she cited an estimated 9.2 per cent GDP growth in the current fiscal year ending March 31

RBI believes differing policy strategy, policy stance can co-exist: Report

Bond yields have shed seven basis points to 6.73 per cent on Thursday after touching 6.88 per cent on the Budget day

This Budget forward looking, has vision for India at 100: Sitharaman

Nirmala Sitharaman on Friday said in the Rajya Sabha that the Budget 2022-23 stood for continuity, was forward looking and has a vision for 'India at 100'.

Centre's GDP deflator forecast for FY23 is 3-3.5%: FM Nirmala Sitharaman

Based on Sitharaman's statement, the finance ministry's own real GDP projection is closer to that of the Reserve Bank of India

RBI's dovish policy helps bonds cut back on Union Budget losses

Bond yields, which shot up significantly after the Union Budget announced a larger-than-expected borrowing, got some relief after the central bank delivered an extremely dovish policy