Page 18 - Union Budget

Focus of Budget 2022 on making agriculture sector modern, smart: PM

Prime Minister Narendra Modi on Thursday said the focus of the Union Budget 2022-23 is on making the agriculture sector modern and smart. Discussing ways in which the Budget will contribute to strengthening the agriculture sector, Modi said in the last seven years, the government has taken several initiatives for the entire agri value chain from seed to market and also improved the old systems. Addressing a post-budget webinar on smart agriculture, he said agriculture budget has increased manifold in just six years and farm loans for farmers have also been increased by 2.5 times in seven years. The Prime Minister said that in the recent Budget, seven main avenues have been suggested to make agriculture modern and smart. These include natural farming on mission mode along the Ganges with 5 km wide corridors on both sides of the river, making available modern technology, and providing facilities like regular banking at more than 1.5 lakh post offices. Modi called upon the startups to

Digital connectivity of villages need of day, says PM Narendra Modi

Digital connectivity of villages is no longer an aspiration but the need of the day, Prime Minister Narendra Modi said on Wednesday."Digital connectivity of villages is no longer an aspiration but the need of the day. Broadband connectivity will not only provide facilities in the villages, but it will also help in creating a large pool of skilled youth in the villages," said Prime Minister Narendra Modi while addressing a programme on the Union Budget 2022."When the service sector expands with broadband connectivity in the village, the country's potential will increase further. If there are any problems in optical fiber connectivity, then we have to identify them and find solutions," the Prime Minister said.He said that the citizens of the country need to inform the rural population about the proper usage of optical fibre networks."We need to identify and solve all optical fibre connectivity issues across the nation's rural areas. We also need to inform the rural population about the .

Explained: How the Union Budget funds India's justice system

Over half of the union budget for the Ministry of Law and Justice is for election-related expenditure.

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

Union Budget will be of help in implementing National Education Policy: PM

Prime Minister Modi asserted that digital connectivity is what kept the education system running in this time of global pandemic.

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

Economic recovery gaining strength as India emerges out of 3rd wave: RBI

FY23 Budget proposals, recent monetary policy set tone for broad-based economic revival, says RBI

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

Tax laws made complicated by exemptions, need to be simplified: Tarun Bajaj

Revenue Secy says govt wanted a stable and predictable tax regime, so very little tinkering was done in the Union Budget

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'.

Budget has nothing for poor, farmers, middle class: Adhir Ranjan Chowdhury

Leader of Opposition in Lok Sabha Adhir Ranjan Chowdhury on Thursday said that there is nothing in the Union Budget for the poor, farmers and middle class.Chowdhury said, "Budget documents are perceived to be a roadmap for the future but here is what I have found there may be a map but there is no road in this Budget. The Budget document is nothing but a sheer rigmarole and rumbling stories much to the confusion of common people.""The budget which has come on the backdrop of retail inflation over 6 per cent has nothing on controlling price rise. Unemployment and inflation have crossed record highs. We can summarise the Budget as a zilch," he added.Citing the National Survey Report of September 2021, he pointed out that the average income of farmers is mere Rs 27/day and the average debt of a farmer is Rs 74,000."National Survey Report of Sept 2021 pointed out that average income of farmers is mere Rs 27/day and average debt of a farmer is Rs 74,000. The double whammy is that the per ..

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

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

Railway Board forms panel to examine budgetary allocation, merger of funds

Focus towards minimising overlaps in fund purpose

Union Budget ignores glaring issue of unemployment, says Chidambaram

Former FM says only 520 mn of India's 940 mn strong workforce have some kind of job; India has a median age of 28.43, meaning that 50% are below this age, and presumably looking for jobs

No need for separate agriculture budget: Government says in Lok Sabha

During global recession, the DMK member said, India 'withstood' because of the agriculture

Payout to govt employees doubles in five years, strength shrinking

Establishment strength for latest years are estimates, which are usually scaled down to reflect the actual strength two years later

Union Budget has outlined steps to boost MSMEs: Dalit trade body

Under the AYE League, business ideas have been invited online till February 15 and they will be scrutinised by experts from eight IITs and two IIMs, he said.

Decline in Budget allocation for agriculture disappointed many: Devegowda

Replying to the motion of thanks on the President's speech, he said the government's promise to double farm income by 2022 has no mention in the Budget