Market Budget 2022 LIVE: Indices cut gains, Sensex up 400 pts, Nifty below 17.5K
PremiumStock Market Today: Sensex, Nifty opened higher on Tuesday (MINT_PRINT)15 min read.Updated: 01 Feb 2022, 01:13 PM ISTArindam Roy
Budget 2022 Market LIVE Updates: Benchmark Indian equity indices opened higher on Tuesday. Sensex opened at 58,668.55, up 600 points or 1.13%, while Nifty climbed 154 points, or 0.89%, to 17,493.95. Banks were leading in early trade
Indian indices witnessed a positive start on Tuesday. Finance Minister Nirmala Sitharaman will present her fourth Union Budget in Parliament today and investors will be closely monitoring her speech. The indices were lifted on Monday in a pre-Budget rally that saw the Sensex jump more than 800 points, while Nifty50 ended over 200 points higher. In the Asian market on Tuesday, indices in Japan and Australia rose, while China was closed on the occasion of Lunar New Year. In the US, the Dow Jones surged 1.18%, while the S&P 500 closed 1.89% higher on Monday. The tech-heavy Nasdaq gained 3.41%, but is down 14% from a record peak last year.
You can read all the live updates and detailed analysis of the Union Budget 2022 here. Click to read
01 Feb 2022, 01:13:48 PM IST
FM Sitharaman proposes no change in income tax rates and slabs in her Budget for FY'23
01 Feb 2022, 01:11:32 PM IST
Budget 2022: Divestment target for FY23 pegged at ₹65,000 crore
01 Feb 2022, 01:04:32 PM IST
Budget 2022: LTCG
Presently surcharge on long-term capital gain on listed shares and equity funds is capped at 15% but for other LTCG the surcharge us based on total income. Now the FM has proposed cap on all LTCG. - Balwant Jain
01 Feb 2022, 01:00:35 PM IST
India introduces 'crypto tax' of 30 per cent
Union Finance Minister Nirmala Sitharaman announced on Tuesday that income from digital asset transfers will be taxed at a rate of 30 per cent. This move is seen as 'crypto tax'.
Presenting the Union Budget 2022-23 in the Lok Sabha, Sitharaman said gifts received in the form of cryptocurrencies will also be taxed at the same rate.
Cryptocurrencies gifts will be taxed at the receiver's end.
01 Feb 2022, 12:54:27 PM IST
Metal, Pharma lead
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Nifty
01 Feb 2022, 12:53:12 PM IST
New income tax changes announced in Budget 2022. Details here
Taxpayers can file updated ITR within two years of the relevant assessment year, says FM. This is a new provision that will ensure voluntary tax filing and reduce litigation, the FM said. Read full income tax report
01 Feb 2022, 12:50:27 PM IST
Budget 2022: Deficit/Expenditure
* Proposes fiscal deficit of 4.5% of GDP by 2025/26
* Projects fiscal deficit of 6.4% of GDP in 2022/23
* Revised fiscal deficit for 2021/22 at 6.9% of GDP
* Total expenditure in 2022/23 seen at 39.45 trillion rupees
* States will be allowed 4% fiscal deficit to GDP in FY23
* 50 year interest free loans over and above normal borrowing allocated to states
* Scheme for financial assistance to states for capital investment outlay to be 1 trillion rupees in 2022/23
01 Feb 2022, 12:49:19 PM IST
FM's shortest Budget speech may prove to be most impactful: Anand Mahindra
Brevity has always been a virtue. @nsitharaman ‘s shortest budget address may prove to be the most impactful…
Import duty on certain chemicals are being reduced: FM
01 Feb 2022, 12:36:29 PM IST
FM Nirmala Sitharaman ends her Budget 2022 speeech
01 Feb 2022, 12:31:33 PM IST
Nifty50 under 17,600
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BSE
01 Feb 2022, 12:29:12 PM IST
Top Sensex losers
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BSE
01 Feb 2022, 12:28:47 PM IST
Top Sensex performers
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BSE
01 Feb 2022, 12:27:15 PM IST
Market performance
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BSE
01 Feb 2022, 12:25:00 PM IST
GST collection for January at ₹1.41 lakh crore, highest since inception: FM
01 Feb 2022, 12:21:39 PM IST
Total expenditure in FY23 estimated at ₹39.45 lakh cr; total resources mobilisation to be ₹22.84 lakh cr other than borrowing: FM
01 Feb 2022, 12:20:44 PM IST
To provide an opportunity to correct an error, taxpayers can now file an updated return within 2 years from the relevant assessment year: FM Nirmala Sitharaman
01 Feb 2022, 12:20:19 PM IST
I propose to provide that any income from transfer of any virtual digital asset shall be taxed at the rate of 30%: FM
01 Feb 2022, 12:19:50 PM IST
PE/VC invested ₹5.5 lakh crore in startup, expert committee will be set up to suggest measures to help attract investment: FM
01 Feb 2022, 12:19:38 PM IST
Corporate surcharge to be reduced from 12% to 7%: FM Nirmala Sitharaman
01 Feb 2022, 12:18:29 PM IST
For 2022-23, allocation is ₹1 lakh cr to assist the states in catalyzing overall investments in economy: FM
For 2022-23,allocation is ₹1 lakh cr to assist the states in catalyzing overall investments in economy. These 50-yr interest-free loans are over&above normal borrowings allowed to states. It'll be used for PM Gati Shakti-related&other productive capital investments of states:FM pic.twitter.com/WEOgYrkz5U
Sensex soars over 900 points as FM gives her Budget speech
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BSE Sensex
01 Feb 2022, 12:12:18 PM IST
Energy transition and climate action will be a major government priority: FM
01 Feb 2022, 12:11:35 PM IST
Fund with blended capital raised under co-investment model to finance agriculture startups: FM
01 Feb 2022, 12:11:12 PM IST
Emergency credit line guarantee scheme for small and medium sized businesses to be extended to March 2023: FM
01 Feb 2022, 12:07:09 PM IST
Revised fiscal deficit estimated at 6.9% for FY22: FM
01 Feb 2022, 12:04:22 PM IST
Capex outlay up by 35.4% to 7.5 lakh crore in FY23: FM
01 Feb 2022, 12:02:15 PM IST
Digital Rupee with blockchain tech to be issued by RBI: FM
01 Feb 2022, 12:01:01 PM IST
Implementation of Ken Betwa Linking project at est. cost of Rs. 44,605 Cr. to be taken up
Implementation of Ken Betwa Linking project at est. cost of Rs. 44,605 Cr. to be taken up with irrigation benefits to 9.0 lakh hectare farmland, drinking water to 62 lakh people, 103 MW hydropower. 27 MW solar power generation
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