Budget 2022 will be paperless like the last year.
Finance Minister Nirmala Sitharaman will present the Union Budget 2022 in the Parliament at 11am today. Ms Sitharaman tabled the Economic Survey yesterday, which was centred around the theme of 'agile approach'.
The annual economic survey, released a day ahead of Union Budget 2022, said India will lead the world in economic growth at 8-8.5 per cent and concluded that it has the headroom to do spend more.
The budget comes days before elections in Uttar Pradesh and four other states, raising expectations of amped-up rural and agriculture spending.
Budget 2022 will be paperless like the last year.
The government is expected to announce measures to boost GDP growth and strengthen infrastructure.
Some analysts believe that the Finance Minister may announce some relief to the taxpayers.
They said the basic exemption limit may be raised from the existing Rs 2.5 lakh to Rs 3 lakh and for senior citizens, it may be increased to Rs 3.5 lakh. There could be changes in other slabs also.
Here are LIVE Updates on Budget 2022:
Union Budget 2022: Briefcase To Bahi Khata To Tablet: A Look At The Journey Of Budget PresentationWhen Finance Minister Nirmala Sitharaman presented her first Union Budget in 2019, she drew the nation's attention by replacing the budget briefcase with the "bahi khata". The decision to opt for the bahi khata appeared to be a move to dump the colonial practice of carrying a briefcase.
Brokerage Nomura expects a 25% increase in capital expenditure, with higher allocations for roads, highways and railways, as the government is likely to attract investments that create jobs and spur growth.
Finance Minister Nirmala Sitharaman called on Ram Nath Kovind before presenting the Union Budget for 2022-23 in Parliament on Tuesday.
She met the President as part of established tradition. The Finance Minister was accompanied by Ministers of State for Finance Pankaj Chaudhary, Bhagwat Karad and senior officials from the Ministry.
Budget Tomorrow Could Change Plans For Byju's, India's Most Valuable StartupByju's is in negotiations with at least three special-purpose acquisition companies and is aiming to unveil plans to go public via a merger with one of them.
Sensex surges over 500 points ahead of Budget, Nifty trades above 17,500; ICICI Bank, Infosys among top gainers
The budget comes days before the start of elections in five states, including the most populous, Uttar Pradesh, which could spur Nirmala Sitharaman to promise higher rural spending and subsidies on food and fertiliser, economists and officials said.
Union Budget 2022: Big Bang Spending, Election States Expected To Be Budget Focus: 10 PointsFinance Minister Nirmala Sitharaman is likely to raise spending on infrastructure when she presents her fourth budget today, but experts say fiscal constraints leave little chance of concessions for households hurting from the pandemic.
In Budget 2022, Nirmala Sitharaman is expected to strike a fine balance between being fiscally prudent and growth supportive. The Budget will be an important one amid the Covid pandemic and the Finance Minister is expected to have plans to boost spending to revive investment and create jobs.
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