Page 5 of Budget Session

The salaried class, though, may be disappointed, given the absence of any further relief in tax rates or deductions.

Budget 2022 | Focusing on growth, with prudence: Sudhir Kapadia, EY India tax leader

Budget FY23 signals confidence in India’s short- and long-term growth stories.

Updated: February 2, 2022 10:31 IST

The fallout has been a conspicuous slowdown in fiscal consolidation and repeated toying with publicly pronounced roadmaps.

Budget 2022: In need of fiscal space

Budget FY23 is a stark reminder of this; it casts a cloud over medium-term growth prospects .

Updated: February 2, 2022 10:47 IST

On the taxation front, the Budget opted for stability with no major change in either personal or corporate income tax rates.

Union Budget 2022: Finance Minister bets on public capex, stability

The surcharge on long-term capital gains tax would be capped uniformly at 15% for all types of assets including unlisted…

February 2, 2022 05:00 IST

For individual taxpayers, there is no change in personal income tax rates/ slabs and no additional deductions.

Union Budget 2022: Pay penal tax, update ITR

Two-year window to file revised ITR on paying 25% to 50% penalty tax; LTCG surcharge relief for HNIs.

February 2, 2022 04:50 IST

As government reviews processes and rules, there would surely be a benefit in terms of better implementation.

Union Budget 2022 | Private sector competitiveness is top of mind: RC Bhargava, Chairman, Maruti Suzuki

The government correctly decided last year that large investments in infrastructure was the way to take the economy forward and…

Updated: February 2, 2022 10:57 IST

The step-up in capital expenditure targeted by the Union Budget is enthusing, reinforcing our expectation of a 9.0% real GDP growth in FY23. (Reuters)

Budget 2022 | Sights set on post-pandemic growth: Aditi Nayar, Chief Economist, ICRA

The biggest positive is enhancement in capital expenditure by Rs 1.5 trillion; government’s tax-revenue growth assumption is also encouraging.

Updated: February 2, 2022 10:57 IST

Union Budget 2022 | ‘Make in India’ to ‘Discover and Make in India’: Satish Reddy, chairman, Dr Reddy’s Laboratories

The vaccination campaign has been and continues to be the biggest focus for the country at present.

Updated: February 2, 2022 10:08 IST

The introduction of a regulated Digital Rupee is also a forward-looking move.

Union Budget 2022| Impactful long-term growth-oriented Budget: Mohit Malhotra, CEO, Dabur

It is also heartening to see the government acknowledge the heavy toll that Covid pandemic has had on mental health…

Updated: February 2, 2022 11:00 IST

There is now an integrated implementation mechanism, with 16 ministries of government of India working together.

Infrastructure, cities get big boost in Union Budget 2022: Shailesh Pathak, head – special initiatives, development projects, L&T

Government revenues including GST (all-time high Rs 1.41 trillion) and direct tax receipts are buoyant, which would lead to even…

Updated: February 2, 2022 11:03 IST

The Budget also made provision of fertiliser subsidy of Rs 1.05 lakh crore for 2022-23, against Rs 1.4 lakh crore (RE) in 2021-22.

Union Budget 2022: Tech push for agri sector

In her Budget speeches for 2019-20 and 2020-21, finance minister Nirmala Sitharaman referred to ZBNF as ‘innovative model for doubling…

February 2, 2022 02:30 IST

Budget 2022 | Laying the roadmap towards India@100: Nitya Sharma, CEO & co-founder, Simpl

The Emergency Credit Line Guarantee Scheme (ECLGS) has provided timely credit to more than 130 lakh MSMEs and helped them…

Updated: February 2, 2022 10:03 IST

The scheme was initially allocated Rs 4,500 crore.

Union Budget 2022: Solar PLI scheme corpus grows over five times to Rs 19,500 crore

The government recently shortlisted three beneficiaries, based on the initial allocation of Rs 4,500 crore.

February 2, 2022 02:05 IST

The finance minister (FM) outlined a Budget that gave clarity on India’s digital path forward — India to get 5G by 2023, optical fibre in 100% of the villages by 2025, a push has been given to electric vehicle infrastructure, launch of e-passports, adoption of drones in farming activities, and e-university, among others.

A green Budget for long-term strong growth: Sumant Sinha, CEO, ReNew Power

Reflecting the government’s — and the country’s — digital focus, the FM read out a paperless Budget for the second…

Updated: February 2, 2022 11:12 IST

In September 2019, the government had announced the new tax regime to promote local manufacturing.

Union Budget 2022: A bid to boost pvt investment

Deadline to start manufacturing to avail concessional tax rate extended by a year to Mar 2024

February 2, 2022 00:15 IST

‘5G will be transformational force for Indian society, key to all-inclusive development’

5G will bring hundreds of Megabits—even Gigabits—at low latency, speeds that can potentially change the way most—if not all—industries work,…

Updated: February 2, 2022 10:31 IST

The Government has extended the period of eligibility for start-up taxation by one year, to March 2023, and this is a good step.

The Budget provides a boost to alternative investment funds industry

Funding India’s start-up eco-system and the nex-tgen entrepreneurs is the best way to make sure that “new India” becomes a…

February 1, 2022 20:20 IST

Over a period of nine years, there has been a hike in defence budget totalling almost 76 per cent.

Defence Budget Allocation: Here’s everything you need to know

There has been slight increase in the defence allocation for the next fiscal and the focus is on pushing the…

February 1, 2022 19:30 IST

Parle Products Senior Category Head Mayank Shah said increase in allocation of MSP is also going to have an impact on inflation. (File)

Union Budget 2022: Higher MSP allocation to drive consumption in rural markets, say FMCG makers

ITC Chairman Sanjiv Puri said the budget has “path-breaking measures” and addresses key issues of livelihood generation, enhancing farmer incomes.

February 1, 2022 18:58 IST

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