Page 21 - Union Budget

Budget 2022: Centre's move to ramp up state finances tight-fisted

Devolution to grow 13% to Rs 8.1 trn in FY23. Power reforms to allow borrowing up to 4% of GSDP in addition to Rs 1 trn capex loans. But funding for centrally-sponsored schemes stagnates

Climate action takes centre stage in Union Budget: More Intent, Less Money

Budget falls short of making significant budgetary allocation to key sectors of energy efficiency, sustainability and clean tech

Actor Richa Chadha's take on best, worst things in Union Budget

Finance Minister Nirmala Sitharaman presented the Union Budget 2022-23 on Tuesday

Budget 2022: Growth vaccine for revival, says Centrum Group's Jaspal Bindra

The Budget maintained a fine balance between boosting job creation, supporting start-ups, sunrise and core industries, MSMEs and rural development

Union Budget 2022-2023: A strong and promising message

While retail inflation is for the moment within the Reserve Bank of India's target Range, the risk of a burst of inflation cannot be ignored

Union Budget 2022: Reaffirmation of tax stability, inclusive growth

The Finance Minister hit the right chord by presenting a Budget that focuses on growth for tomorrow's India

Union Budget 2022: Roads get lion's share of allocation in FY23

Investments in NHAI were more than doubled to Rs 1.34 trillion, against Rs 65,060 crore in the revised estimate for FY22

FM Sitharaman's fourth Budget: Boost to credit for digital infra

Sitharaman has given infrastructure status to data centre and energy storage system, a move that will facilitate credit availability for digital infrastructure

Consumption theme could underperform as Budget 2022 goes big on infra

Higher inflation and cost of capital remain key worries amid expansion

Union Budget proposals to boost growth and generate jobs, say experts

The Budget proposals on capital expenditure, MSME sector, and digital banking will boost growth and promote job creation, say experts

Old 'jumlas' and attack on subsidies: Priyanka Gandhi Vadra on Union Budget

Priyanka Gandhi Vadra slammed the Union Budget, saying it was nothing but old "jumlas (rhetoric)" and an "attack on subsidies".

Rahul does not understand maths, finds sum of everything zero: Piyush Goyal

Goyal's remarks came against the backdrop of Rahul Gandhi's calling the Union Budget 2022-23 a zero-sum budget

Budget 2022: Govt subsidies to fall 39% to Rs 4.3 trn in FY22

For the next fiscal, the government said total subsidies are estimated to further decline to Rs 3,17,866 crore from Rs 4,33,108 crore in the current fiscal

Budget: There was room for more direct support, says hospitality industry

The government has extended the ECLGS up to March 2023 and earmarked an additional Rs 50,000 cr for hospitality and related sectors

Budget fails to cheer healthcare industry as long standing demands unmet

Leading healthcare providers rued that the Budget has failed to address many of the long pending demands of the industry.

Budget has laid road map for long term development: Ashok Leyland

The Union Budget presented by Nirmala Sitharaman has laid the road map for long-term development over the next 25 years, a top official of city-based Hinduja Group flagship Ashok Leyland said

Budget 2022: Centre lowers FY23 divestment target to Rs 65K crore

The Centre had planned major divestments and strategic sale of Air India, BPCL, public sector banks, an insurance company amongst others

MSME sector group hails budget; another trade body dismayed over tax sops

A leading organisation representing MSMEs praised the Union Budget for 2022-23, saying its proposals are based on "long-term thinking"

Budget 2022: Ministry of Science and Technology allocated Rs 14,217 crore

The Ministry of Science and Technology has been allocated Rs 14,217 crore in the Union Budget 2022-23, a 3.9 per cent decrease from last fiscal. The ministry has three departments Department of Science and Technology (DST), Department of Biotechnology and Department of Scientific and Industrial Research (DSIR). An amount of Rs 6,000 crore has been allocated to the Department of Science and Technology, Rs 2,581 crore to the Department of Biotechnology and Rs 5,636 crore have been allocated to the Department of Scientific and Industrial Research. All these departments played a key role in combating the COVID-19 pandemic in the country. The Central Sector Schemes under the Department of Science and Technology were allocated Rs 2,894 crore, a drop from Rs 2,915 crore in 2021-22. At the same time, Rs 1,680 crore have been allocated to central sector schemes under the Department of Biotechnology, a drop from Rs 2,620 crore in 2021-22. Also, Rs 39 crore have been allocated to the Centr

Rs 1,711 cr earmarked for union cabinet, ministers salaries, travel, others

The Union Budget allocated Rs 1,711.04 crore for a host of expenditure of the Union Cabinet that includes salaries, sumptuary and travel by central ministers among others.