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Budget 2022 LIVE: No change in income tax slab; crypto tax introduced
Budget 2022 LIVE updates: Finance Minister Nirmala Sitharaman is presenting the annual Union Budget 2022-23 in Parliament. Follow Business Standard for Budget Speech LIVE updates
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Budget 2022 | Nirmala Sitharaman | Budget Speech
BS Web Team |
Last Updated at February 1, 2022 12:37 IST
EVENT HIGHLIGHTS
Nirmala Sitharaman, Finance Minister
Budget 2022 LIVE updates: Finance Minister Nirmala Sitharaman is presenting her fourth Union Budget in Parliament in a paperless format just like last year. The Budget speech will be keenly watched by both domestic and foreign investors, various interest groups like farmers, crypto Investors, anxious middle class and corporate entities, besides parliamentarians.
Ahead of the Budget presentation, Sensex jumped over 700 points. led by gains in IT and banking counters. Clarity on cryptocurrency, sops to real estate and the abolition of STT would be on top of investor radar.
Ahead of the Budget presentation, Sensex jumped over 700 points. led by gains in IT and banking counters. Clarity on cryptocurrency, sops to real estate and the abolition of STT would be on top of investor radar.
On Monday, the Economic Survey 2021-22, tabled by Finance Minister Nirmala Sitharaman in Parliament, projected the economy to grow by 8-8.5% in the financial year beginning April 1 and said it was well placed to meet the future challenges on the back of widespread vaccine coverage, supply-side reforms and easing of regulations.
Budget 2022 will also be keenly watched for any change in income tax rates and income tax slabs, besides the finance minister's fiscal deficit target and disinvestment road map.
While the country awaits FM Sitharaman's Budget presentation, there are some key issues we must keep in mind, as mentioned by principal economic advisor Sanjeev Sanyal -- we live in uncertain times. Geopolitical risks are bubbling up, oil prices have spiked up and withdrawal of global liquidity by major central banks is likely.
Stay tuned for Budget 2022 LIVE updates with Business Standard
While the country awaits FM Sitharaman's Budget presentation, there are some key issues we must keep in mind, as mentioned by principal economic advisor Sanjeev Sanyal -- we live in uncertain times. Geopolitical risks are bubbling up, oil prices have spiked up and withdrawal of global liquidity by major central banks is likely.
Stay tuned for Budget 2022 LIVE updates with Business Standard
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