One of the most keenly awaited announcements in the union budget, like every year, would be related to personal taxation
Measures will be taken to step up private capital in infra sector, says FM
PE/VC invested Rs 5.5 lakh crore in startup, expert committee will be set up to suggest measures to help attract investment, says FM
Data centre and energy storage system to be given infrastructure status; move to provide easy financing: FM
International arbitration centre will be set up in GIFT city to provide faster dispute resolution, says FM
Effective capital expenditure will be Rs 10.68 lakh crore, or 4.1 pc of GDP, in 2022-23, says FM
FM steps up capital expenditure by 35.4 per cent to Rs 7.50 lakh crore
4 pilot projects for coal gasification to be set up.
Rs 19,500 cr additional allocation for PLI for manufacturing high efficiency solar modules has been made: FM.
Contracts for laying of optical fibre net to all villages under BharatNet to be provided under PPP mode, says FM
Govt committed to reduce import and promote self reliance in defense sector: FM.
Risks of climate change are strongest externalities for the world: FM.
68 per cent of capital for defence sector to be earmarked for local industry
400 new generation Vande Bharat trains to be manufactured in next 3 years: FM
Digital currency will be introduced during 2022-23: FM
Govt to promote use of public transport in urban areas: FM
Battery swapping policy to allow EV charging stations for automobiles will be framed, says FM
75,000 compliances have been eliminated and 1,486 union laws repealed to make it easier for businesses: FM
E-passport with embedded chip will be rolled out, says FM
Modern building by-laws will be introduced: FM
A high-level panel to be set up for urban planning: FM
Data exchange among all-mode operators to be brought in on unified logistics interface platform to enable efficient movement of goods: FM
Budget seeks to lay the foundation and give a blueprint of the economy over Amrit Kal of next 25 years - from India at 75 to India at 100, says FM
2 lakh Anganwadis to be upgraded for improving child health, says FM
Recognising the importance of 'Nari Shakti', 3 schemes were launched to provide integrated development for women and children, says FM
Digital university to be set up to provide education; to be built on hub and spoke model: FM
Rs 6,000 crore programme to rate MSMEs to be rolled out over 5 years, says FM
For mental health counselling, a National Tele Mental Health Program will be launched: FM
95 per cent of 112 aspirational districts have made significant progress in health, infra, says FM
Natural farming will be promoted along Ganga river corridor: FM
1-Class-1-TV Channel to be implemented to provide supplementary eduction to children to make up for loss of formal education due to Covid
100 PM Gati Shakti terminals to be set up in next three years, says FM
Desh stack e-portal to be launched to promote digital infra, says FM
Contracts for multi-modal parks at 4 locations to be awarded next fiscal, says FM
ECLGS scheme to be extended till March 2023 and guarantee cover expanded by Rs 50,000 to Rs 5 lakh cr: FM
Railways will develop new products for small farmers and MSMEs: FM
Draft DPRs for 5 river links have been finalised, says FM
Economic recovery benefitting from public investment and capital spending, says FM
This Budget continues to provide impetus to growth: FM
2022-23 has been announced as International Year of Millets: FM
Moving forward on this parallel track, we lay the following four priorities - PM Gati Shakti, inclusive development, productivity enhancement and investment, sunrise opportunities, energy transition and climate action & financing of investments: FM Nirmala Sitharaman.
BUDGET IN POINTS
Union Cabinet approves Budget 2022-23
The Union Cabinet on Tuesday approved the Budget 2022-23 which will be presented by Finance Minister Nirmala Sitharaman in Parliament.
The meeting began at around 10:20 am ahead of the Budget presentation.
Prime Minister Narendra Modi, Defence Minister Rajnath Singh, Union Home Minister Amit Shah, Railways, Communications and IT Minister Ashwini Vaishnaw, Parliamentary Affairs Minister Pralhad Joshi, and others were present at the Parliament for the Union Cabinet Meeting ahead of the presenting of the Budget.
The Union Budget 2021 will be presented in a short while from now.
The Minister took a digital tablet wrapped in a traditional bahi-khata style pouch as she headed for Parliament to present the Union Budget 2022-23 in a paperless format just like the last year.
The Budget speech will begin at around 11 am today with Sitharaman beginning it with an address to the speaker of Lok Sabha. Usually, the duration of the presentation ranges from 90 to 120 minutes.
Earlier today, Sitharaman met President Ram Nath Kovind ahead of the Budget presentation. She was accompanied by Ministers of State for Finance Pankaj Chaudhary, Bhagwat Karad and other officials from the Ministry.
Amid the ongoing coronavirus pandemic, replacing her signature 'bahi khata', she opted to carry the documents in a tablet, which was wrapped in a red-coloured cover with the national emblem emblazoned on it.
On Monday, she tabled this year's Economic Survey, centred around the theme of "Agile approach", which forecasted India's economy to grow by 9.2 per cent during Financial Year 2021-22 and by 8-8.5 per cent in fiscal 2023 beginning 1 April.
The Budget Session of the Parliament commenced on January 31 with President Ram Nath Kovind's address.
The first part of the Union Budget Session of Parliament will be held from January 31 to February 11 and the second part of the Budget Session will take place from March 14 to April 8.