Budget 2022: Dilip Ghosh says Mamata prepares Budget ‘walking on treadmill’

Union Budget 2022 LIVE: Nirmala Sitharaman's fourth Budget aims to lay the economic blueprint for the coming 25 years.

Union Budget 2022 LIVE: Finance minister Nirmala Sitharaman's 4th Budget consisted of major announcements regarding crypto, digital rupee. 

Union Budget 2022 LIVE: Major announcements of finance minister Nirmala Sitharaman as part of her Budget 2022 speech include spectrum auction which will be held in 2022 for rolling out of 5G mobile services within 2022-23 by private firms.  In a major move, the minister announced a 30% tax on proceeds of digital assets. 

Follow all the updates here:

• 1 Feb 2022, 11:13:20 PM IST

  Dilip Ghosh says Mamata prepares Budget ‘walking on treadmill’

  BJP national vice president Dilip Ghosh said on Tuesday that West Bengal CM and TMC supremo Mamata Banerjee won't understand Budget as she prepares hers while “walking on treadmill.” His remarks came after Banerjee said earlier in the day that the Union Budget 2022 has “zero for common people” and is a “pegasus spin Budget”. Read more here.

• 1 Feb 2022, 09:26:27 PM IST

  On Budget's announcement on mental health programme, NIMHANS director says 10.2% of population has diagnosable mental health issue

  Following FM's announcement of launching a tele mental health programme in Union Budget 2022, NIMHANS director Dr Pratima Murthy told ANI that according to by the institute, “10.2% of population has diagnosable mental health or substance use disorder.” The Centre has announced that in the mental health programme there will be 23 health centres of excellence with NIMHANS being the nodal one, while IIIT-Bangalore will provide technical support.

• 1 Feb 2022, 06:32:31 PM IST

  Centre has taken several steps to boost India's pace of development: Nitish Kumar on Budget 2022

  Bihar chief minister Nitish Kumar said through the Union Budget 2022, the Central government has taken several steps to “boost the pace of development in the country,” and that is “commendable,” according to news agency ANI. “The decision to build infrastructure on a large scale in the country is also welcome,” he added.

• 1 Feb 2022, 05:28:01 PM IST

  Most capitalist Budget speech ever by an FM: Chidambaram

  Congress leader P Chidambaram said on Tuesday that the Union Budget 2022 was the “most capitalist speech ever by an FM.” He added that he was “shocked” to see FM Nirmala Sitharaman outlining plan for the next 25 years. “Govt seems to believe that the present does not need any attention & the public can be asked to wait patiently until 'Amrit Kaal' dawns. This is mocking the people of India,” he added during a press briefing.

• 1 Feb 2022, 05:01:08 PM IST

  India to move to 8% dollar boost, if 8% GDP path stays: CEA

  If India continues to retain path of 8% of real GDP, it will translate into 8% growth in dollars, says CEA Nageswaran during post-Budget conference.

   

• 1 Feb 2022, 04:36:22 PM IST

  ‘Please understand the Budget’, says FM tells Rahul Gandhi

  On Rahul Gandhi's ‘Zer0 sum budget’, FM asked him to “please understand the Budget”. She also said that “irresponsible” comments are coming as criticism, especially by the leader of a party, who hasn't done his homework right.

• 1 Feb 2022, 04:29:33 PM IST

  Pandemic definitely impacted jobs, but Centre helped citizens to recover: FM

  FM Nirmala Sitharaman said Covid-19 pandemic definitely impacted jobs, but the Central government has, through various schemes, been trying to help citizens recover successfully.

• 1 Feb 2022, 04:23:47 PM IST

  Budget is continuation of last year's holistic agenda, says FM

  This year's Budget is continuation of last year's holistic agenda, says Finance Minister Nirmala Sitharaman.

• 1 Feb 2022, 04:05:33 PM IST

  Didn't want to increase tax at the time of pandemic, says FM

  The Centre didn't want to increase tax at the time of Covid-19 pandemic, says Finance Minister Nirmala Sitharaman. She said the same direction was given by PM Narendra Modi last year as well and it has been maintained this year too. The FM further stated that the government didn't want to earn a single paisa during the ongoing crisis.

• 1 Feb 2022, 03:51:22 PM IST

  FM Nirmala Sitharaman addresses media after presenting Budget 2022-23

  Finance Minister Nirmala Sitharaman addresses media after presenting Union Budget 2022-23.

• 1 Feb 2022, 03:19:31 PM IST

  PM says Budget brings in new hopes, ensures bright future for youth

  Prime Minister Narendra Modi said Union Budget brings in new hopes, ensures bright future for youth. He also hailed it as “people friendly” and “progressive”. Read more here.

• 1 Feb 2022, 03:12:42 PM IST

  ‘Modi govt’s Budget has always been deceiving': Sanjay Raut

  Shiv Sena leader Sanjay Raut said that the Union Budget 2022 doesn't have anything for the common man. “Modi government's budget has always been illusionary and deceiving…Soon, we will have to see how the poor will continue to become poorer and a handful of wealthy people will become wealthier,” he added.

• 1 Feb 2022, 03:02:25 PM IST

  Sitharaman's speech shortest since 2019, lasts for 91 minutes

  Nirmala Sitharaman's Budget 2022 speech was the shortest since her debut in 2019 after it lasted for 91 minutes - 1 hour 31 minutes.

• 1 Feb 2022, 02:39:22 PM IST

  ‘Not without mental health’: Mandaviya thanks FM and PM for ‘National Tele Mental Health’ Programme

  Health minister Mansukh Mandaviya thanked finance minister Nirmala Sitharaman and Prime Minister Narendra Modi for announcing the launch of ‘National Tele Mental Health’ programme. “With a network of 23 tele-mental health Centres of Excellence under NIMHANS, it will ensure quality mental health counseling for all,” he tweeted.

• 1 Feb 2022, 02:21:16 PM IST

  Budget looks at ‘sunrise areas of growth’: NITI Aayog CEO

  After Union finance minister Nirmala Sitharaman presented Union Budget 2022, NITI Aayog CEO Amitabh Kant said that the same “looks at sunrise areas of growth,” according to ANI. “India needs to go green, India needs to go digital and that is what this Budget pitches for. It pushes for urbanisation, clean electricity, clean mobilisation, and digital rupee,” he added.

• 1 Feb 2022, 01:53:14 PM IST

  Budget 2022 was the shortest Budget speech of Nirmala Sitharaman

  After making records of the longest Budget speech, finance minister Nirmala Sitharaman on Tuesday presented her shortest speech so far. It lasted for around 92 minutes.

• 1 Feb 2022, 01:47:42 PM IST

  Budget 2022: ‘Zer0 sum Budget,’ says Rahul Gandhi

• 1 Feb 2022, 01:47:13 PM IST

  Modi govt on destructive path: Jairam Ramesh

  Congress leader Jairam Ramesh on Tuesday alleged that the Modi government is on a "destructive path" as it talks of protecting the environment on the one hand but is promoting ecologically disastrous river-linking projects on the other.

• 1 Feb 2022, 01:43:53 PM IST

  Union Budget 2022 tabled in the Rajya Sabha

  After Nirmala Sitharaman presented the Budget 2022 in the Lok Sabha, it was tabled in the Rajya Sabha.

• 1 Feb 2022, 01:42:04 PM IST

  Budget 2022: What defence sector gets

  Defence Ministry has been allocated ₹1.52 lakh crore this year for capital acquisition for modernisation of Armed forces. Of this, 68% has been earmarked for procurement from domestic sources. Allocation is around 13% higher than last year's allocation of ₹1.35 lakh crore. The defence ministry has been allocated ₹2.39 lakh crore against the ₹2.33 lakh crore allocated last year. The Defence pension budget of the ministry is ₹1.19 lakh crore. The defence ministry and the services have been allocated a total of ₹5.25 lakh crore this year which is ₹47,000 crore more from the last year’s 4.78 lakh crores. The allocation is around 10% increase from last year.

• 1 Feb 2022, 01:34:17 PM IST

  Budget 2022: What is e-passport? Read here

  The government will roll out e-passports with embedded chips and futuristic technology in the financial year 2022-23, Union finance minister Nirmala Sitharaman announced in her Budget speech in the Lok Sabha on Tuesday. Read

• 1 Feb 2022, 01:31:07 PM IST

  Budget 2022: Who said what?

  When finance minister Nirmala Sitharaman presented Union Budget 2022 in the Lok Sabha, the treasury benches gave an uproarious response to the measures announced by her by thumping their desks. On social media too, several Union ministers welcomed the presentation of the Budget and the announcements made in it. Read.

• 1 Feb 2022, 01:26:07 PM IST

  Budget 2022 is pro-growth: Former MoS finance Jayant Sinha

  It's a pro-growth Budget that emphasizes capital expenditure, the virtuous investment cycle that'll power GDP growth forward. It is a deflationary Budget. It will keep inflation under control. As a result of that, there will tremendous job creation: Former MoS Finance Jayant Sinha

• 1 Feb 2022, 01:24:38 PM IST

  Budget 2022 inclusive, transparent, forward-looking: Scindia

• 1 Feb 2022, 01:23:30 PM IST

  Budget for common man: Rajyavardhan Singh Rathore

  This is a very good budget for the common man... with an increase of 35% in infrastructure, to automatically accelerate the economy. It's a booster shot that will pace up manufacturing in the country, keeping the country's money in the country: BJP MP Rajyavardhan Singh Rathore

• 1 Feb 2022, 01:22:30 PM IST

  Budget 2022 for Make in India, budget for rural India: Rajnath Singh

  Defence minister Rajnath Singh congratulated Nirmala Sitharaman for the 'excellent' Union Budget. "It is a Budget which would give fillip to ‘Make in India’, boost demand and build capacities for a stronger, prosperous and confident India...Substantial amounts have been allocated towards Research and Development in several sectors including Defence. The proposal to reserve 25 percent of the R&D Budget for Startups and Private entities is an excellent move," Rajnath tweeted.

• 1 Feb 2022, 01:19:34 PM IST

  Budget 2022: What is crypto tax? Read here

  In a significant move that is believed to have brought cryptocurrencies and non-fungible tokens (NFTs) under a tax net, finance minister Nirmala Sitharaman on Tuesday announced a 30 per cent tax on any income from the transfer of virtual digital assets, specifying that no deductions and exemptions will be allowed. Read

• 1 Feb 2022, 01:18:05 PM IST

  Budget 2022 has nothing for common people: Mamata Banerjee

• 1 Feb 2022, 01:17:10 PM IST

  Budget 2022 damp squib, says Congress MP Shashi Tharoor

  Extremely disappointing, a damp squib! There seems to be absolutely nothing in this Budget. It's an astonishingly disappointing Budget. When you listen to the speech, no mention of MGNREGA, of Defence, of any other urgent priorities facing the public: Congress MP Shashi Tharoor

• 1 Feb 2022, 01:14:59 PM IST

  Budget 2022: What will be India's own digital currency? Know here

  India’s own digital currency will soon be a reality, Union finance minister Nirmala Sitharaman said on Tuesday. Presenting her fourth Budget, Sitharaman said that the digital currency will be issued by the Reserve Bank of India (RBI) in 2022-23. She added that it will give a big boost to the economy. Read

• 1 Feb 2022, 01:11:48 PM IST

  Budget 2022: Round-up of the major announcements 

  Taking an all-inclusive approach, Sitharaman gave details of the spending the central government plans to undertake to give a fillip to India’s economy. Read

• 1 Feb 2022, 12:46:58 PM IST

  Budget 2022: Is cryptocurrency legal, asks Congress

• 1 Feb 2022, 12:32:06 PM IST

  Budget 2022: FM announces industry-specific custom changes

  Customs duty on cut & polished diamonds, gems to be reduced to 5%

• 1 Feb 2022, 12:28:43 PM IST

  Budget 2022: Exemption for startups

  Existing tax benefits for startups, which were offered redemption of taxes for 3 consecutive years, to be extended by 1 more year.

• 1 Feb 2022, 12:20:09 PM IST

  Budget 2022: 30% tax on proceeds of digital assets

  Finance minister Nirmala Sitharaman announces 30% tax on proceeds of virtual/digital assets. “I propose to provide that any income from transfer of any virtual digital asset shall be taxed at the rate of 30%. No deduction in respect of any expenditure or allowance shall be allowed while computing such income, except cost of acquisition,” the FM said. 

• 1 Feb 2022, 12:11:00 PM IST

  Budget 2022: Announcement for taxpayers

  Nirmala Sitharaman announced a new tax rule for taxpayers where a taxpayer can file an updated return on payment of taxes within two years from the end of the relevant assessment year. This is a new provision which will ensure voluntari tax filing and reduce litigation, the FM said.

• 1 Feb 2022, 12:03:19 PM IST

  Budget 2022:  Digital rupee to be issued by RBI in 2022-23

  FM announces central bank digital currency, which will be a digital rupee using blockchain and other techs. It will be introduced by the RBI in 2022-23. This will give a big boost to the economy, Sitharaman said. 

• 1 Feb 2022, 11:56:34 AM IST

  Budget 2022: FM announces 35.4% increase in capital expenditure

  Capital Expenditure to increase 35.4% from ₹5.54 lakh crore to 7.50 lakh crore

• 1 Feb 2022, 11:54:41 AM IST

  Budget 2022: SEZ Act to be replaced by new law

  SEZ (Special Economic Zones) Act will be replaced with new legislation taking states on the board.

• 1 Feb 2022, 11:52:55 AM IST

  Budget 2022: FM's prescription for Aatmanirbhar defence

  68% of the capital procurement budget for Defence to be earmarked for domestic industry to promote Aatmanirbharta and reduce dependence on imports of defence equipment. This is up from the 58% last fiscal: FM Nirmala Sitharaman

• 1 Feb 2022, 11:48:18 AM IST

  Budget 2022: FM's big announcement on 5G

  5G spectrum auctions to be carried out in 022 to enable the launch of services within FY 22-23

• 1 Feb 2022, 11:39:22 AM IST

  Budget 2022: E-passports, ease of business 2.0

  Issuance of E-passports will be rolled out in 2022-23 to enhance convenience for citizens. Ease of business 2.0 will be launched. 

• 1 Feb 2022, 11:34:21 AM IST

  Budget 2022 Live: FM on digital banking

  Govt continuously encouraging digital banking. Taking forward, 75 digital banking units will be set up in 75 districts.

• 1 Feb 2022, 11:30:23 AM IST

  Budget 2022: FM announces new scheme for the Northeast

• 1 Feb 2022, 11:28:35 AM IST

  Budget 2022: Nirmala Sitharaman's big announcement for farmers

  Nirmala Sitharaman announced ₹2.37 lakh crore worth of MSP direct payments to wheat and paddy farmers

   

• 1 Feb 2022, 11:27:17 AM IST

  Union Budget 2022: National telehealth programme will be launched, says FM

  Sitharaman announced a national telehealth programme in Budget 2022.

• 1 Feb 2022, 11:26:08 AM IST

  Budget 2022: FM's announcements on digital education, digital university

  For classes 1 to 12, 1 class 1 Tv channel will be extended from 12 to 12,000 TV channels, announced Nirmala Sitharaman, considering the loss of the education system due to the pandemic.

• 1 Feb 2022, 11:24:17 AM IST

  Budget 2022: Nirmala Sitharaman on drone shakti

  Startups will be promoted to facilitate Drone Shakti to make drone a service. In select ITIs in all states, courses will be started.

• 1 Feb 2022, 11:16:36 AM IST

  Budget 2022: 7 focus areas

  PM Gati Shakti

  Inclusive Development

  Productivity Enhancement

  Sunrise Opportunities

  Energy Transition

  Climate Action

  Financing of investments

• 1 Feb 2022, 11:14:22 AM IST

  Budget 2022: Vande Bharat trains

  400 new-generation Vande Bharat trains with higher efficiency and better facilities for passengers will be developed in the next three years