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Budget 2022: LIVE Updates

Street gives a thumbs-up to the budget, retains gains

Custom duty on umbrellas increased to 20%

Unblended fuel to attract additional excise duty of Rs. 2/- per litre

Custom duty exemption on steel scraps extended fro another yr

Special mobility zones with zero fossil fuel policy to be introduced

Custom duty on polished gems reduced to 5%

30% tax on income from digital assets

Gross GST collection of 1.4 Lakh Crore in Jan 2022

Corporate surcharge reduced from 12% to 7%

Updated I-T returns to enable correction of errors

GST revenues are buoyant: FM

Digital Rupee will use blockchain technology

E-passports using embedded chips will be rolled out

Tax payers can file updated returns

Defence Research to be opened up for Start-ups

Capex outlay up by 35.4% to Rs. 7.5 lakh crore in 2022-23

Tax incentives for new start-ups extended by 1 year

Sitharaman presents her 4th Union Budget

Strategic transfer of Air India done successfully

Budget will provide impetus for growth

Sharp rebound and recovery of economy is seen

“Make in India” can create 6 Million new jobs

Budget to aid women, SC-ST & Farmers

Budget a blueprint for India @100

Emphasis on PM’s GatiShakti India

India is in a strong position to withstand challenges

400 new Vande Bharat trains to be launched in next 3 years

Promotion of chemical free Natural farming on the anvil

Credit linked guarantee scheme extended till March 2023

Sensex higher

100 PM Gati Shakti cargo terminals in next 3 years

Sabka Prayas for strong growth in India

Digital universities to be established in near future

PM’s E-Vidhya platform to have 400 channels

2L Anganwaris to be upgraded

Start-ups to be promoted for drone shakti

PM Awaas Yojna-Rs. 48,000 crores allocated for both Urban and Rural areas

80 lakh homes to be completed under this yojna

Rs. 60,000 crore allocated to cover 3.8 Cr households for tap water

Master plan for Expressways for 2022-23

New robust scheme for North-East development

Next phase of ‘Ease of Doing business’ to be launched

Scope of “Green Clearances” portal to be expanded

E-passports to be rolled out in 2022-23

Supplementary education in regional languages to be expanded

Mental Health-National Tele-mental scheme launched

1-Nation, 1-Registration for land reforms

Online E-bill facility for all govt. procurements

Hi-tech services for farmers

Rail network to have world class technology

National Highways to be enhanced by 25,000 Kms

Spectrum auction for 5G roll out in 2022

Atma-nirbharta in Defence to be emphasised

SEZ to be replaced with new legislation

All villages to have access to E-services

Kissan drones for crop assessment & protection

Sensex gains over 850 points

SMSE to be supported to make the sector more resilient

Digital Rupee to be issued by RBI in 2022-23

BANKEX consolidates gains

Sensex up by 1.7%

Capex outlay up by 35.4% to 7.5Lakh Crore

Fiscal Deficit estimated at 6.9% of GDP in FY 2022

Minimum Alternate Tax for co-operatives reduced to 15%

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