Union Budget

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Union Budget News

Parizad Sirwalla, Partner & head, Global Mobility Services, Tax, KPMG in India

Specific relief for taxpayers limited –Parizad Sirwalla

The individual taxpayers were hoping that Budget 2022 could pave the way for more disposable income in their hands.

Updated: February 3, 2022 6:18 pm

Budget 2022: Booster shot for an inclusive economy – R Baskar Babu

The introduction of PM Gati Shakti was another measure in stepping up the growth momentum.

Updated: February 3, 2022 12:06 am

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Budget 2022: Tax relief for parents of disabled

This step taken in the budget 2022-23 infers the genuine significance of the protection for example to help the dependents…

Updated: February 2, 2022 3:37 pm

Union Budget aims to aid sharp rebound in growth post-pandemic, focus shifts on execution now

Given that we are on the cusp of election season, the Union Budget for FY23 doesn’t seem to pander to…

Updated: February 2, 2022 8:45 am

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…

Updated: February 1, 2022 9:34 pm

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 am

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…

Updated: February 1, 2022 9:11 pm

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 am

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…

Updated: February 1, 2022 8:20 pm

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.

Updated: February 1, 2022 6:58 pm

The GDP growth and inflation indicated in the Economic Survey would suggest a nominal GDP growth north of 12-13 per cent.

Union Budget 2022: Rise in capex bodes well for economic activity, job creation, says Sundaram Finance

The support to MSMEs through an extension of the ECLGS till March 2023 would help recover from the fallout of…

Updated: February 1, 2022 6:38 pm

The budget for central sector schemes was allocated Rs 969.50 in 2022-23, a drop from Rs 1,395 crore in 2021-22.

Union Budget 2022: Social Justice and Empowerment Ministry allocated Rs 13,134 crore

The National Program for the Welfare of Persons with Disabilities was allocated Rs 635 crore in 2022-23. In 2021-22, an…

Updated: February 1, 2022 6:18 pm

Budget 2022: Growth-oriented Budget focuses on green energy, fiscal deficit, PSU divestment, green bonds

The government emphasised on infrastructure building through the PM Gati Shakti scheme, increase in outlay on capital expenditure by around…

Updated: February 1, 2022 5:56 pm

Air India was taken over by Tata Group firm Talace Pvt Ltd on January 27. (File/PTI)

Union Budget 2022: Centre allocates Rs 9,259 crore to special purpose vehicle AIAHL

Sitharaman said that towards implementation of the new Public Sector Enterprise policy, the strategic transfer of ownership of Air India…

Updated: February 1, 2022 5:51 pm

In the first phase, the scheme was implemented in 200 most backward districts with effect from February 2, 2006.

Union Budget 2022: Centre allocates Rs 73,000 crore to MGNREGA, 25.51% lower than 2021-22 revised estimate

Finance Minister Nirmala Sitharaman had allocated Rs 73,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Programme in last…

Updated: February 1, 2022 5:43 pm

MD & CEO of Indian Bank Shanti Lal Jain called the union budget a growth oriented budget against the backdrop of the pandemic.

Union Budget 2022 seeks to support economic growth momentum, say bankers

The mostly unchanged direct tax regime will give stability to tax environment and showed that the economy is on the…

Updated: February 1, 2022 5:32 pm

Budget: Tax deduction limit for state govt employees to NPS hiked. Read here

Budget 2022: NPS सब्सक्राइबर्स के लिए अच्छी खबर, बजट में सरकार ने किया बड़ा एलान

केंद्र के कर्मचारियों को NPS में योगदान पर 14% तक की टैक्स राहत मिलती है, जबकि राज्य के कर्मचारियों को…

Updated: February 1, 2022 7:25 pm

Union Budget 2022: वित्त मंत्री के बजट में क्या हुआ सस्ता और क्या महंगा, आम आदमी की जेब पर कितना पड़ेगा असर, देखें पूरी लिस्ट

2022-23 के केंद्रीय बजट में वित्त मंत्री ने कई बड़े एलान किए हैं. इस बजट के बाद मोबाइल फोन और…

Updated: February 1, 2022 3:09 pm

Union Budget 2022: PLI scheme extended to solar equipment; allocates Rs 19500 cr boost for modules

Budget 2022 speech, Finance Minister Nirmala Sitharaman announced to allocate Rs 19,500 crore to boost manufacturing of solar modules under…

Updated: February 2, 2022 8:33 am

Budget 2022 Highlights: Key takeways from FM’s Budget speech; CAPEX outlay stepped up to Rs 7.5 lakh crore

Here are the key highlights of Union Budget 2022-23 India.

Updated: February 1, 2022 7:29 pm

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Budget 2016 expectations: Focus on agri, banking and jobs, amend tax system, says SBI

Budget 2016: The present economic condition warrants that budget focuses on agriculture, banking and employment intensive unorganized sector. Government must…

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