Page 22 - Union Budget

Budget 2022: Govt pegs STT collection at Rs 20,000 cr for FY23

The sharp increase in budget estimate for the next fiscal could be on account of government's confidence in the securities market

Budget 2022: Growth-oriented and transformative, says CII Director General

'We are confident that the growth projection made by the Economic Survey at 8-8.5 per cent in 2022-23 will be met,' the CII DG Chandrajit Banerjee averred

Unprecedented provisions made for farm sector development in Budget: Tomar

Welcoming the Budget 2022, Agriculture Minister Narendra Singh Tomar on Tuesday said unprecedented provisions have been made for the overall development of the farm sector.

Centre allocates Rs 19,130 crore in Union Budget for Metro projects

The Centre has allocated Rs 19,130 crore in the Union Budget 2022-23 for various metro projects in the country.

Budget 2022 'extremely negative' for Delhi, betrays farmers: Sisodia

The central government not only reduced allocation for minimum support price (MSP) but also cut down the number of beneficiaries in the Budget, he said

Budget 2022: 'Focus on multi-modal connectivity to boost logistics sector'

Finance Minister Nirmala Sitharaman in her Budget speech on Tuesday said the PM Gati Shakti National Master Plan is a transformative approach for economic growth and sustainable development

Budget 2022: Equity investors become richer by about Rs 3 trillion

Equity investors became richer by more than Rs 2.99 lakh crore on Tuesday as the Union Budget was well received by the stock market. On the Budget Day, the 30-share BSE index jumped 848.40 points or 1.46 per cent to settle at 58,862.57. During the day, it gained 1,018.03 points to 59,032.20. It was merriment on the Dalal Street, as the market capitalisation of BSE-listed companies jumped by Rs 2,99,354.61 crore to Rs 2,67,40,561.79 crore. This is the second day of gain for the market and in two days investors' wealth has zoomed Rs 6,32,857.56 crore to reach Rs 2,67,40,561.79 crore. "The equity markets were cheerful on announcement of huge outlay of capital expenditure in overall infrastructure development. This Union Budget will also lay the foundation for economic growth through public investments as India emerges from a pandemic induced slump. "Hardly any tinkering with tax & avoiding populist measures was also received well by the market participants," said Devang Mehta, Head

Budget 2022: Taxpayers can file updated I-T returns within two years

The Finance Minister said this would give taxpayers an opportunity to correct any omissions or mistakes in correctly estimating their income for tax payment

'Budget 2022 sends important signal to markets, financial institutions'

These were the views of climate experts and negotiators who participated in several international diplomatic meets, including the just concluded UN Climate Change Conference or COP26

Budget 2022: Social Justice and Empowerment Ministry allocated Rs 13,134 cr

The Social Justice and Empowerment Ministry, which caters to the welfare of the backward classes and those with disabilities, was allocated Rs 13,134 crore in the Union Budget 2022-23, a 12 percent increase from the last fiscal. An amount of Rs 11,922 crore has been allocated for the Department of Social Justice and Empowerment and Rs Rs 1212 crore for the Department of Empowerment of Persons with Disabilities in the financial year 2022-23. The Budget for 2022-23 saw an allocation of Rs 56 crore for the three national commissions -- National Commission for Scheduled Castes, National Commission for Backward Classes and National Commission for Safai Karamcharis, as against the allocation of Rs 49 crore for 2021-22. However, certain crucial schemes of the ministry like the Support for Marginalized Individuals for Livelihood & Enterprise (SMILE), Scheme for Economic Empowerment of DNT/NT/SNTs (SEED), Pradhan Mantri Dakshta Aur Kushalta Sampann Hitgrahi (PM DAKSH) Yojana and Self ...

Budget 2022: Govt raises farm credit target to Rs 18 lakh cr for FY23

About Rs 7.36 lakh crore agri-credit has been disbursed to farmers during the first six months of the 2021-22 fiscal year against the target of Rs 16.50 lakh crore, according to the Economic Survey

People will reject this 'capitalist Budget', says P Chidambaram

The "capitalist" Union Budget 2022-23 is "obdurate" and "callous" as there is no cash assistance to the very poor, former Union Finance Minister P. Chidambaram said on Tuesday.

Budget 2022: Govt allocates Rs 86,189 crore to Jal Shakti ministry

The Jal Shakti Ministry has been allocated Rs 86,189 crore in the Union Budget 2022-23, an increase of 24 per cent from Rs 69,052 crore given in 2021-22.

Budget 2022: Very little mention of health care sector, says Naresh Trehan

Earlier on Tuesday, Finance Minister Nirmala Sitharaman while presenting the budget 2022-2023 announced the rollout of an open platform for the national health ecosystem

Budget 2022 specifies customs duty change on several items

This would mean that imports become more expensive or cheaper usually depending on the change in customs duties

Budget 2022: Rs 2,600 cr for office buildings in Central Vista project

The Housing and Urban Affairs Ministry has been allocated Rs 2,600 crore in Budget 2022-23 for the construction of non-residential office buildings of the Central Vista project, including the Parliament and Supreme Court. This is Rs 767.56 crore more than Rs 1,833.43 crore given in the last fiscal. The redevelopment project of the Central Vista -- the nation's power corridor -- envisages a new triangular Parliament building, a common central secretariat, revamping of the three-kilometre Rajpath boulevard that stretches from Rashtrapati Bhavan to India Gate, a new prime minister's residence and a new Prime Minister's Office as well as a new Vice President's Enclave. A sum of Rs 2,600.99 has been been allocated for the construction of non-residential office buildings, including the Parliament and Supreme Court of India. For residential purposes, the ministry has been given Rs 873.02 crore. Six infrastructure firms, including Tata Projects Limited, L&T Limited and Shapoorji Pallonji .

Budget 2022: 'Push to infra to have multiplier effect on core sectors'

This is likely to have a multiplier effect on the core sector industries like steel and cement, and in turn give a to boost the domestic refractory industry, IRMA said in a statement

Budget 2022 will make India self-reliant: Amit Shah

Union Home Minister Amit Shah said that the budget size of Rs 39.45 lakh crore, shows that the Indian economy is rapidly growing even in the Covid period

Budget 2022: Lost in big words signifying nothing, says Mamata

'Budget has zero for common people who are getting crushed by unemployment and inflation. The govt is lost in big words signifying nothing - A Pegasus Spin Budget,' Banerjee tweeted

Budget 2022 seeks to support economic growth momentum, say bankers

The union budget for 2022-23 seeks to support the recent economic growth momentum and help it sustain over the long-term, MD&CEO of Bandhan Bank Chandra Sekhar Ghosh said on Tuesday. He said the substantial rise in planned capital expenditure for creation of infrastructure, focus on affordable housing and development of the MSMEs and the farm economy will prepare India for the next phase of growth. The extension in timeline and increased outlay towards emergency credit line guarantee scheme and additional infusion of funds in the credit guarantee trust for micro and small enterprises will provide relief to the sector, Ghosh said. The significant additional allocation towards PM Awas Yojana will boost demand for affordable housing and also for housing finance, he added. MD&CEO of Indian Bank Shanti Lal Jain called the union budget a growth oriented budget against the backdrop of the pandemic. Focus on clean energy, infrastructure, agriculture, MSME, education, digital economy,