Union Budget 2022 live updates: With several big initial public offerings, or IPOs, lined up in India, what the government decides on corporate taxes and start-ups is one of the most actively monitored announcements by Finance Minister Nirmala Sitharaman
Union Budget 2022 live updates: Nirmala Sitharaman read out the Budget
Finance Minister Nirmala Sitharaman presents the Union Budget 2022 in the second year of the COVID-19 pandemic. “We strive to provide necessary ecosystem for middle class. This Budget hopes to lay the foundation for Amrit Kal from India at 75 to India at 100,” Ms Sitharaman said today. This is also the sixth Budget session to be held since the outbreak of the pandemic in January 2020. The key elements of the Union Budget 2022 that are being keenly watched include, among other things, individual income tax, Provident Fund, pensions and spending on healthcare, which has been one of the most active sectors due to rising medical claims. Agriculture and farm subsidies – by their very fundamental effect on India’s economic growth – and after the big controversy over the now-withdrawn three farm laws, are likely to get the maximum attention from the government. The Union Budget 2022 also comes in a month when assembly elections will be held in five states.
Highlights of Union Budget 2022 announcements:
Union Budget Live Updates 2022: Long-term capital gains
Surcharge on long-term capital gains capped at 15%
Feb 01, 2022 12:36 (IST)
Union Budget Live Updates 2022: Gross GST collection
Gross GST collection in January at record ₹ 1,40,986 crore, possible due to rapid economic recovery, says Finance Minister Nirmala Sitharaman.
Feb 01, 2022 12:33 (IST)
Union Budget Live Updates 2022: Income tax rates unchanged
The government has not changed income tax rates this year.
Feb 01, 2022 12:21 (IST)
Union Budget Live Updates 2022: GST
Remarkable progress in GST but there were huge challenges, says Nirmala Sitharaman.
Feb 01, 2022 12:14 (IST)
Union Budget Live Updates 2022: Digital assets tax
30 per cent tax on digital asset transfer. Gifts of digital assets to be taxed as well. This includes any income from sale or acquisition of virtual and digital assets.
Feb 01, 2022 12:12 (IST)
Union Budget Live Updates 2022: National Pension Scheme (NPS)
Need parity between state and central government employees. Tax deduction on EPF for state government employees: Nirmala Sitharaman
Feb 01, 2022 12:10 (IST)
Union Budget Live Updates 2022: Cooperative societies tax
Tax rate for cooperative societies reduced to 15 per cent.
Feb 01, 2022 12:08 (IST)
Union Budget Live Updates 2022: Direct taxes voluntary compliance
New updated returns. Income Tax Department has made new roadmap. To correct errors by taxpayers, file updated returns within 2 years.
Feb 01, 2022 12:01 (IST)
Union Budget Live Updates 2022: Digital rupee
Digital rupee using blockchain and other technology to be issued by RBI starting fiscal 2023.
Feb 01, 2022 11:58 (IST)
Union Budget Live Updates 2022: Effective expenditure
Effective expenditure will be ₹ 10.68 lakh crore, or 4.1 per cent of GDP
Feb 01, 2022 11:55 (IST)
Union Budget Live Updates 2022: Capital expenditure raised
Capital expenditure raised by 35.40 per cent from ₹ 5.54 lakh crore to ₹ 7.50 lakh crore
Feb 01, 2022 11:52 (IST)
Union Budget Live Updates 2022: Defence allocation
68 per cent capital for procurement for defence will be for domestic industry.
Feb 01, 2022 11:51 (IST)
Union Budget Live Updates 2022: The 4 pillars
PM Gati Shakti, inclusive development, energy transition and financing of investments.
Feb 01, 2022 11:50 (IST)
Union Budget Live Updates 2022: Post offices
All post offices to be linked with core banking solution to push financial inclusion.
Feb 01, 2022 11:47 (IST)
Union Budget Live Updates 2022: Optical fibre
Bharat Net optical fibre project to be complete in 2025
Feb 01, 2022 11:45 (IST)
Union Budget Live Updates 2022: 5G rollout
Spectrum auction will be conducted to roll out 5G mobile services within 2022-23 by private firms.
Feb 01, 2022 11:43 (IST)
Union Budget Live Updates 2022: New education channel
One Class 1 TV channel to be launched to give supplementary education to children to make up for loss of formal education due to COVID-19.
Feb 01, 2022 11:42 (IST)
Union Budget Live Updates 2022: Social welfare
Transliteration of land records in 8 languages will be rolled out
Feb 01, 2022 11:40 (IST)
Union Budget Live Updates 2022: Urban development
For urban capacity building, support will be provided to states – mass transit, planning help, etc.
Feb 01, 2022 11:37 (IST)
Union Budget Live Updates 2022: New passports
E-passports using embedded chips and futuristic tech will be rolled out.
Feb 01, 2022 11:33 (IST)
Union Budget Live Updates 2022: Boost for digital payments
Digital payments have grown at rapid pace. Benefits of digital banking should reach every nook and corner. Taking forward this agenda, we will set up 75 digital banking units in 75 districts by scheduled commercial banks.
Feb 01, 2022 11:32 (IST)
Union Budget Live Updates 2022: River linking
Implementation of Ken-Betwa rivers linking with estimated cost of ₹ 44, 605 crore to be taken up.
Feb 01, 2022 11:30 (IST)
Union Budget Live Updates 2022: Northeast infra
PM development initiative for the northeast to fund infra and social development projects.
Feb 01, 2022 11:28 (IST)
Union Budget 2022 Live Updates: For women and child development
2 lakh Anganwadis to be upgraded with better facilities
Feb 01, 2022 11:24 (IST)
Union Budget 2022 Live Updates: For start-ups
Drone Shakti through various application centres for start-up that work on drone technology.
Feb 01, 2022 11:22 (IST)
Union Budget 2022 Live Updates: Resilient MSME
Credit guarantee trust for micro and small enterprises will be revamped with required infusion of funds. This will give ₹ 2 lakh crore more for MSMEs.
Feb 01, 2022 11:21 (IST)
Union Budget 2022 Live Updates: Better farming
“For better farming, we will provide comprehensive package with state government coordination”: Nirmala Sitharaman
Feb 01, 2022 11:20 (IST)
Union Budget 2022 Live Updates: River water sharing
Draft detailed project reports for five river water sharing projects have been finalized. Once consensus is reached among states, centre will support them for implementation.
Feb 01, 2022 11:17 (IST)
Union Budget 2022 Live Updates: More infra development
2,000 km under Kawach programme. 400 new generation Vande Bharat trains. 100 PM Gati Shakti cargo terminals
Feb 01, 2022 11:16 (IST)
Union Budget 2022 Live Updates: Minimum support price (MSP)
Rs 2.7 lakh crore direct payment of minimum support price for wheat and paddy
Feb 01, 2022 11:11 (IST)
Union Budget 2022 Live Updates: Infra development
National Highways to be expanded by 25,000 km
Feb 01, 2022 11:09 (IST)
Union Budget 2022 Live Updates: Engines of growth
PM Gati Shakti, inclusive development, productivity enhancement, energy transmission, climate action and financing of investment.
Feb 01, 2022 11:06 (IST)
Union Budget 2022 Live Updates: Amrit Kal from India at 75 to India at 100
“We strive to provide necessary ecosystem for middle class. This Budget hopes to lay the foundation for Amrit Kal from India at 75 to India at 100,” Ms Sitharaman said today.
Feb 01, 2022 11:02 (IST)
Union Budget 2022 Live Updates: On COVID-19 pandemic
“We are confident of withstanding challenges amid the COVID-19 pandemic”: Nirmala Sitharaman
Feb 01, 2022 11:01 (IST)
Union Budget 2022 Live Updates: Nirmala Sitharaman starts Budget speech
Finance Minister Nirmala Sitharaman has started the Budget speech.
Feb 01, 2022 10:49 (IST)
Union Budget 2022 Live Updates: Union Cabinet approves Budget
Before the actual presentation, the Cabinet headed by Prime Minister Narendra Modi has approved the Budget for the fiscal year 2022-23.
Feb 01, 2022 10:45 (IST)
Defence Minister Rajnath Singh, Home Minister Amit Shah; Railways, Communications and IT Minister Ashwini Vaishnaw, Parliamentary Affairs Minister Pralhad Joshi, and others arrive at parliament for the union cabinet meeting ahead of the Budget presentation.
Feb 01, 2022 10:31 (IST)
Union Budget 2022 Live Updates: COVID-19 spending
India had started the world’s largest COVID-19 inoculation programme on January 16, 2021. The expenditure on vaccination this fiscal, as well as in the next would be the most-watched figures in the Budget. The Budget estimate for vaccine expenditure for the current fiscal was ₹ 35,000 crore.
Feb 01, 2022 10:30 (IST)
Union Budget 2020 Live Updates: Disinvestment and privatisation targets
The government has rarely met the high disinvestment targets set in Budgets. With a focus on privatisation and keeping in mind fiscal consolidation and capital expenditure, the number would be closely watched.
Feb 01, 2022 10:28 (IST)
Union Budget 2020 Live Updates: Budget amid pandemic
Finance Minister Nirmala Sitharaman would use the Union Budget as the cornerstone to put the economy on an accelerated growth path after the impact caused by the COVID-19 pandemic.
Feb 01, 2022 10:27 (IST)
Union Budget 2020 Live Updates: What it takes to reach $5 trillion economy
With a goal to reach a $5 trillion economy by fiscal 2025, capital expenditure allocation is expected to continue to remain higher while healthy tax revenues and mega disinvestment pipeline may help contain the fiscal deficit to 5 per cent in fiscal 2023.
Feb 01, 2022 10:23 (IST)
Union Budget 2020 Live Updates: What’s in store for NGOs
Setting up a separate ministry and creating special scheme on digital literacy for the elderly are among the recommendations made by some NGOs for the upcoming budget.
Gujarat BJP leaders including chief minister Bhupendra Patel and state party president CR Patil welcome and appreciate the Budget presented today.
However, Arjun Modhwadia Gujarat Congress MLA says Not a Common Man’s budget & frustrating Union Budget by the government.
