Page 2 of Budget 2022 Expectations

The move is in step with a plan to revert to the path of fiscal consolidation without any lapse of time.

Land monetisation: SPV to be set up soon, CPSEs identify large parcels

Monetisation of non-core assets envisages unlocking of value of these thus far unutilised or underutilised assets and generate returns on…

February 1, 2022 01:45 IST

union budget, budget 2022, budget expectation, electric vehicle, green revolution, taxes, EV sector, incentives, GST, finance minister

What can Budget 2022 do to incentivise growth of EV sector?

India has begun its acceleration of the growth of the electric vehicle revolution. In 2021, more electric vehicles have been…

February 1, 2022 00:00 IST

FM budget speech, simplified tax regime, taxpayers, Deductions, Exemptions, new tax regime, new tax slabs, new rates, budget 2022 expectations, budget 2022-23 expectations, union budget 2022 expectations

Budget 2022: New tax regime changes that taxpayers may expect this year in FM’s speech

The simplified tax regime provides a beneficial rate of taxes but denies some exemptions and deductions that are normally permitted…

January 31, 2022 20:16 IST

The Economic Survey 2021-22 expects the economy to grow by 9.2 per cent during the current financial year, indicating a recovery to the pre-pandemic level. (File/PTI)

Time for contrition and change, not boasts and no change: Chidambaram on Economic Survey

Chidambaram said the Economic Survey repeats “ad nauseum” that at the end of 2021-22, the economy would have recovered to…

January 31, 2022 18:59 IST

Currently, there are no particular regulations or any ban on use of cryptocurrency in the country. (File/Reuters)

Budget 2022: Govt to take balanced view on cryptocurrency, says Principal Economic Adviser Sanjeev Sanyal

The Reserve Bank has also highlighted various issues, including financial stability impact of such virtual currencies.

January 31, 2022 18:54 IST

It is unclear if Sitharaman will tinker with income tax rates but there is an expectation that the exemption limit of Rs 2.5 lakh will be raised. (File)

Finance Minister Nirmala Sitharaman to boost budget spending to support economic growth

The Budget for the fiscal year starting April 1, 2022 is likely to raise spending on infrastructure to set the…

January 31, 2022 18:49 IST

Economic Survey 2022: Different indicators on employment bounce back after dipping in April-June 2020

The Economic Survey also analyses trends in urban employment using Employees Provident Funds Organisation (EPFO) payroll data.

January 31, 2022 18:33 IST

Permit requirement for electric vehicles has been removed, it added. (File)

Nearly 100 cities see improved air quality as govt takes steps to check pollution, says Economic Survey

About 86 per cent of fund has been allocated for demand incentive so as to create demand for electric vehicles…

January 31, 2022 18:27 IST

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Budget 2022: Will NPS subscribers get these additional deduction limit from FM?

There are tax benefits galore in NPS and the scheme provides market linked investment funds to grow savings over the…

Updated: January 31, 2022 18:28 IST

The government has budgeted fiscal deficit at 6.8 per cent of GDP in current fiscal ending March 2022. (File)

Economic Survey 2022: Rebound in tax mop up, govt’s agile fiscal approach make headroom for more fiscal support

With the revival of the economy, the Goods and Services Tax (GST) has emerged as a buoyant source of revenue…

January 31, 2022 18:10 IST

The NRP lays down the road map for capacity expansion of the railway network by 2030 to cater to growth up to 2050. (File)

Economic Survey 2022: Railways to see jump in allocation

The economy had contracted by 7.3 per cent in 2020-21 on account of impact of Covid and subsequent nationwide lockdowns…

January 31, 2022 17:54 IST

The government has specified that a SEZ unit facing domestic market will behave like a DTA entity whereas a SEZ unit facing international market will behave as a SEZ unit. (Representative image)

Budget may overhaul SEZ regulation

From easing selling to DTA buyers to introducing more support for zone developers, there is room for significant change.

January 31, 2022 17:44 IST

In April-November 2021, nearly 221 lakh individual demat accounts were added, the Economic Survey for 2021-22 noted. (File)

Economic Survey 2022: Retail participation in equity market rises on buoyant stock market

Market experts said that on an average, 4 lakh new demat accounts were opened every month in 2019-20, which increased…

January 31, 2022 17:33 IST

The Survey also stated that the bank credit growth stands at 9.2 per cent as of 31st December 2021. (File)

Economic Survey 2022: Banks weather economic shock of pandemic so far

Total net profit of PSBs increased from Rs 14,688 crore during the first half of 2020-21 to Rs 31,144 crore…

January 31, 2022 17:27 IST

Unlike growth, which is linear, capacity grows in surges (sawtooth curve) depending on project completion timelines. (File)

Economic Survey 2022: Next 10 years to see very high level of capex in railway sector

Post 2014, a conscious effort was made to improve the railway sector by substantially increasing the capex, according to Economic…

January 31, 2022 17:21 IST

income tax, Section 80TTB, Senior citizens, interest rate, bank fixed deposits, retirement portfolio

Budget 2022: Increase in deduction limits U/s 80TTB and 80D is what senior citizens expect from FM

Senior citizens expect enhancement of deduction limit provided with respect to interest on deposits.

Updated: January 31, 2022 17:28 IST

The committee had recommended the adoption of the UNCITRAL with certain modifications to make it suitable to the Indian context. (File)

Economic Survey 2022 underlines need for standardised framework for cross border insolvency

The Insolvency & Bankruptcy Code (IBC) does not allow for automatic recognition of any insolvency proceedings in other countries.

January 31, 2022 17:15 IST

Now, 91.9 per cent of the total number of enrolled children have textbooks for their current grade. (Representative image)

Economic Survey 2022: Rural children enrolment in schools declines during pandemic

Children from poorer sections faced issues such as non-availability of smartphones, non-availability of a phone for children to use and…

January 31, 2022 17:09 IST

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GCMMF to invest Rs 10,000 crore for capacity expansion

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GCMMF, the parent company of Amul, aims to invest ₹10,000 crore in expanding its milk and food processing capacity in the next 2-3 years to achieve a turnover of ₹1 lakh crore by FY26. The investment will be used to set up new plants and increase production in dairy, ice cream, and organic food.

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