Page 4 - Budget 2022

Budget with BS, Ep 16: Tax revenue, green energy, and Q&A with C Rangarajan

Budget 2022: Some musings

The worrisome issue of fiscal consolidation remains a major concern

Lion's share of unspent balances is with social sector ministries: CGA data

Merely bumping up money to spend will not lead to faster utilisation; CGA has identified a host of reasons for balances lying idle, not least of which is the pandemic

FY23 capital outlay plan for CPSEs projected to dip 1.21% year-on-year

Govt to shift part of CPSEs debt to itself as it infuses more equity

Union Budget capex not as high as it sounds: Crisil Research

Amid FY23 Union Budget's focus on investments, leading domestic credit rating agency Crisil on Wednesday said that the capital expenditure is "not as high as it sounds". It, however, was quick to add that considering that governments usually tend to cut capex during a crisis, the government has maintained its focus on growth-spurring initiatives amid the pandemic. The research wing of the agency said, if one excludes the Rs 1 lakh crore of loans to states for capex included in the headline figure of Rs 7.50 lakh crore or 2.91 per cent, the actual spend in FY23, will go down to 2.58 per cent of GDP, which is barely at par with the revised estimate of FY22. The report also pointed out that the overall number showing a rise has been 'offset' through a reduction in internal and extra budgetary resources (IEBR), which funds capex of central public sector enterprises (CPSEs). IEBR has been budgeted at 1.82 per cent of GDP for the next fiscal, much lower than the pre-pandemic average ...

Oppn slams govt for doing little for poor, common man in Budget

Opposition parties BSP, Congress and TDP on Tuesday slammed the government for "doing little" for poor and common man in the Union Budget 2022-23 and framing policies to make the "rich richer".

Different strokes in transparency

More clarity on Customs duty changes could have made the Budget more transparent

Budget with BS, Ep 15: Divestment, SEZ legislation, and Yashwant Sinha Q&A

RBI begins three-day monetary policy meet to decide on key rates

RBI Governor Shaktikanta Das headed six-member Monetary Policy Committee (MPC) is scheduled to announce the policy resolution on Thursday

India's proposed digital rupee needs more thought and less haste

One gain from the asset will be for Indians working abroad, sending money home will become simpler and cheaper.

MGNREGA allocation: Provision and demand not in sync, say experts

FM had allocated Rs 73,000 crore towards MGNREGA in last year's Budget, which has been revised to Rs 98,000 crore on account of higher demand for the work

It's time to formalise the normalisation process: Part 2

MPC's stance should remain accommodative till growth is secured, and future actions should be data-driven. But for now, reverse repo rate should be hiked by at least 20 bps

Households liked the Union Budget

While equity markets react to budget announcements in real time, households we believe, take a little longer to digest it. Households are not as cued in as financial markets are

Target maturity funds can help you avoid losses amid rising interest rates

Stick to shorter tenure fixed deposits now to benefit from higher rates later

Story in Numbers: Uttarakhand sees highest allocation for health

In 2021-22, Uttarakhand allocated 5.12 per cent of its total Budget (Rs 3,438.84 crore) to health

Budget: Growth-oriented, protectionist

The Budget aims to boost economic growth and create more employment and entrepreneurial opportunities through substantial increase in capital expenditure for building infrastructure

Sliding statistics standards

Govt must make data more timely, comparable and accessible

Govt prepared to deal with any global development: FM Sitharaman

In a post-Budget interaction with industry body Ficci, she urged corporates to take advantage of the recovery in the economy and step up investment.

Two-third Indians believe Budget positive for economy: LocalCircles' survey

A survey conducted by LocalCircles to understand how Budget 2022 would benefit India, found that two out of every three Indians believe the Budget will have a positive impact on the economy.

Union Budget 2022-23 aimed at making India future-ready: Piyush Goyal

Speaking at a public function to explain the nuances of the Union Budget in Mumbai today, the Minister said "the budget should be seen as an exercise in continuity to make India future-ready".