Page 5 - Budget 2022

Publishing confidential export-import data may now lead you to jail

The FY23 Budget has proposed to introduce section 135AA in the customs act through the Finance Bill for "protection of data".

FY23 Budget more directional with long-term growth, says Piyush Goyal

The government presented a budget with no tax increases and thus no new revenue generation measures but chose to do record borrowings to fund a budgeted 35% increased capital investment at Rs 7.5 trn

Budget with BS, Ep 14: Fiscal maths, capex push, and Q&A with Chidambaram

44% respondents say inflation won't come down after Budget: Survey

Some 26.7 per cent respondents said that prices may come down 'a little bit' while 22.6 per cent said prices will come down by a large extent, as per the survey

Fuel prices will be raised a day after election results, says P Chidambaram

'A finance minister under Manmohan Singh would in 2022-23 have crafted a Budget emphasising the three Ws - work, welfare and wealth', he said

Union Budget FY23's Capex push, infra focus to boost cement demand

Union budget FY23's Capex push as well as continued focus on infrastructure development is likely to boost cement demand

Frontloading infra sector spend could bring faster growth: Crisil

India's Union Budget FY23's investment led push in infra sector is expected to usher in faster economic growth, ratings agency Crisil said

BS Views of the week: Capex increase to boost economic revival, tax on transfer of digital assets

It's clear a country can't regulate crypto on its own, says Sanjeev Sanyal

'There are a lot of claims about how important the sector is, but nobody really knows. So it's only when we begin to tax it will we get the scale of it', he said

Low tax rate has a sunset date, says Revenue Secretary Tarun Bajaj

'I will not be surprised if, in the current year, my tax-to-GDP ratio is the highest-ever for direct and indirect taxes taken together', he said

Costlier oil and subsidy fall likely to hit consumption in FY23

A cut in subsidy in FY23 comes on the back of an equally sharp cut in FY22

Cause for concern: Biggest bond yield spike in Budget week since 2017

Since the finance minister's speech, yield on 10-yr paper has jumped 20 bps

Budget 2022: With easy credit, companies to ramp up data centres this year

Infra status for data centres and energy storage systems will give companies access to long-term financing and lower interest costs

Confusion in the crypto universe: Budget leaves many unanswered questions

Budget announcements on taxing digital assets and creating a digital rupee involve complex issues that need to be addressed first

Optimistic scenario: Can growth take care of all the economy's problems?

If the government thinks growth is the solution, can it be delivered in a slowing world with rising rates - within the domestic context of slower growth even before the pandemic, asks T N Ninan

A bigger, not better, defence budget

Even as the total allocation has increased, it has fallen as a percentage of GDP

Budget 2022-23 'thoughtful' policy agenda for India: IMF MD Georgieva

The Union budget puts a great deal of emphasis on innovation in research and development on human capital investment and digitalisatio, Managing Director of IMF Kristalina Georgieva has said.

Budget credit positive for India Inc, fiscal challenges remain: Moody's

The path toward the government's medium-term deficit target of 4.5% of GDP by FY25 remains undefined.

Budget 2022-23 thoughtful policy agenda for India: IMF chief Georgieva

We have been projecting a quite robust growth for India: Georgieva

India's entry into global bond indices likely put off till FY24

India's entry into global bond indices will happen later, possibly in FY24, because the conditions are not right now, said a government official