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: Finance minister Nirmala Sitharaman's 4th Budget consisted of major announcements regarding crypto, digital rupee. 
Updated on Feb 02, 2022 12:03 AM IST
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By | Edited by Poulomi Ghosh

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:

  • Feb 01, 2022 11:13 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.

  • Feb 01, 2022 09:26 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.

  • Feb 01, 2022 06:32 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.

  • Feb 01, 2022 05:28 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.

  • Feb 01, 2022 05:01 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.

     

  • Feb 01, 2022 04:36 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.

  • Feb 01, 2022 04:29 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.

  • Feb 01, 2022 04:23 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.

  • Feb 01, 2022 04:05 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.

  • Feb 01, 2022 03:51 PM IST

    FM Nirmala Sitharaman addresses media after presenting Budget 2022-23

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

  • Feb 01, 2022 03:19 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.

  • Feb 01, 2022 03:12 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.

  • Feb 01, 2022 03:02 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.

  • Feb 01, 2022 02:39 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.

  • Feb 01, 2022 02:21 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.

  • Feb 01, 2022 01:53 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.

  • Feb 01, 2022 01:47 PM IST

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

  • Feb 01, 2022 01:47 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.

  • Feb 01, 2022 01:43 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.

  • Feb 01, 2022 01:42 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.

  • Feb 01, 2022 01:34 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

  • Feb 01, 2022 01:31 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.

  • Feb 01, 2022 01:26 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

  • Feb 01, 2022 01:24 PM IST

    Budget 2022 inclusive, transparent, forward-looking: Scindia

  • Feb 01, 2022 01:23 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

  • Feb 01, 2022 01:22 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.

  • Feb 01, 2022 01:19 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

  • Feb 01, 2022 01:18 PM IST

    Budget 2022 has nothing for common people: Mamata Banerjee

  • Feb 01, 2022 01:17 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

  • Feb 01, 2022 01:14 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

  • Feb 01, 2022 01:11 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

  • Feb 01, 2022 12:46 PM IST

    Budget 2022: Is cryptocurrency legal, asks Congress

  • Feb 01, 2022 12:32 PM IST

    Budget 2022: FM announces industry-specific custom changes

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

  • Feb 01, 2022 12:28 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.

  • Feb 01, 2022 12:20 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. 

  • Feb 01, 2022 12:11 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.

  • Feb 01, 2022 12:03 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. 

  • Feb 01, 2022 11:56 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

  • Feb 01, 2022 11:54 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.

  • Feb 01, 2022 11:52 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

  • Feb 01, 2022 11:48 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

  • Feb 01, 2022 11:39 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. 

  • Feb 01, 2022 11:34 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.

  • Feb 01, 2022 11:30 AM IST

    Budget 2022: FM announces new scheme for the Northeast

  • Feb 01, 2022 11:28 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

     

  • Feb 01, 2022 11:27 AM IST

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

    Sitharaman announced a national telehealth programme in Budget 2022.

  • Feb 01, 2022 11:26 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.

  • Feb 01, 2022 11:24 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.

  • Feb 01, 2022 11:16 AM IST

    Budget 2022: 7 focus areas

    PM Gati Shakti

    Inclusive Development

    Productivity Enhancement

    Sunrise Opportunities

    Energy Transition

    Climate Action

    Financing of investments

  • Feb 01, 2022 11:14 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

  • Feb 01, 2022 11:12 AM IST

    Budget 2022: Nirmala Sitharaman on PM Gati Shakti plan

    PM Gati Shakti plan one of the four pillars of growth, says FM in her Budget speech. 25,000 km of national highways to be built in 2022-23, Sitharaman says.

  • Feb 01, 2022 11:10 AM IST

    Two parallel tracks for the next 25 years: FM

    Two parallel tracks for the next 25 years: public investments in infrastructure and a budget that is inclusive and futuristic

  • Feb 01, 2022 11:09 AM IST

    Growth estimated to be 9.2%

    India's growth estimated to be at 9.2%, highest among all large economies; we are now in a strong position to withstand challenges, says FM

  • Feb 01, 2022 11:06 AM IST

    Budget 2022 will lay the blueprint for the coming 25 years

    At the onset, Finance minister Nirmala Sitharam expressed empathy to all those who have suffered from the Covid-19 pandemic. “We are in the midst of the Omicron wave, the speed of our vaccination campaign has helped greatly. I am confident that ‘Sabka Prayaas’, we' will continue with strong growth,” FM says. This Budget will benefit, youth, women, farmers, SC and ST.

  • Feb 01, 2022 11:00 AM IST

    Budget 2020: Budget session begins

    Lok Sabha session begins. 

  • Feb 01, 2022 10:35 AM IST

    Budget 2022: Cabinet meeting concludes

    The Cabinet meeting ahead of the Budget presentation has concluded. The Cabinet had approved Budget 2022. 

  • Feb 01, 2022 10:33 AM IST

    Sitharaman's message for Digital India

  • Feb 01, 2022 10:24 AM IST

    Sensex approaches 59,000 ahead of Budget presentation

    Opening on a higher note, Sensex is now approaching 59,000 ahead of the Budget

  • Feb 01, 2022 10:21 AM IST

    Budget 2022: Ministers arrive at Parliament ahead of the presentation of the Budget

  • Feb 01, 2022 10:13 AM IST

    Budget 2022: What should you watch out for in Nirmala Sitharaman's 4th Budget

    Covid spending

    Fiscal deficit

    Privatisation

    Capital expenditure

    Tax revenue

    Borrowing

  • Feb 01, 2022 10:10 AM IST

    Does Nirmala Sitharaman's sartorial choice hold any significance?

    Sitharaman wore a saree with very detailed work on it. 
    Sitharaman wore a saree with very detailed work on it. 

    Nirmala Sitharaman on Tuesday wore a rusty brown saree with an off-white border. According to an ANi report, The rusty brown tone of her saree was a combination of two colours, brown and red, that hold a deeper significance. While the colour brown is often associated with resilience, dependability, security, and safety, red signifies warmth, love and power.

  • Feb 01, 2022 10:03 AM IST

    Budget 2022: Nirmala Sitharaman arrives at Parliament

  • Feb 01, 2022 10:03 AM IST

    Budget 2022 copies arrive in Parliament

    A truckload of Budget copies arrive in Parliament.
    A truckload of Budget copies arrive in Parliament.
  • Feb 01, 2022 09:51 AM IST

    LPG cylinder price: Relief ahead of assembly elections. Check new rates

    On February 1, the rate of non-subsidised (14.2 kg) Indane domestic cylinders in Delhi will be available at 899.50. At the same time, the people of Kolkata will get a domestic LPG cylinder of 14.2 kg for 926. In Mumbai, the price of a non-subsidised LPG cylinder will be the same as Delhi, while in Chennai it will cost 915.50.  Read

  • Feb 01, 2022 09:48 AM IST

    Budget 2022: After the Budget presentation in Parliament, Nirmala Sitharaman will address a press conference at 3.45pm

  • Feb 01, 2022 09:43 AM IST

    Union Budget 2022: Sitharaman meets President Kovind

  • Feb 01, 2022 09:40 AM IST

    Union Budget 2022 to be presented today; spending boost, elections likely focus

    The previous budgets presented by Sitharaman have had distinct backdrops. While in 2019 (months after the Bharatiya Janata Party won a thumping electoral mandate), she offered a slew of reforms, the next one in the midst of the coronavirus disease (Covid-19) pandemic shrank the scope of possibilities.

    The third one too was presented in the shadow of the pandemic. 

  • Feb 01, 2022 09:36 AM IST

    Budget 2022: Congress asks whether govt will be able to provide relief to middle-class and salaried people

  • Feb 01, 2022 09:26 AM IST

    Budget 2022: FM meets President ahead of Budget presentation

    From the finance ministry office, Nirmala Sitharaman reached the Rashtrapati Bhavan to meet President Ram Nath Kovind ahead of the presentation of the Budget in Parliament. 

  • Feb 01, 2022 09:23 AM IST

    Budget 2022: Here's the market situation

    Sensex soars 582.85 points, currently at 58,597.02. Nifty up by 156.20 points, currently at 17,496.05

  • Feb 01, 2022 09:22 AM IST

    Made in India tab replace Bahi Khata for second consecutive year

    As finance minister Nirmala Sitharaman posed with the ministry officials in front of the office of the finance ministry on Tuesday ahead of the Budget 2022 presentation in Parliament, she held the tab in her hand. The tab, like last year, was wrapped in a red cover which looks like bahi khata. Bahi Khata has been replaced as Budget has gone paperless.

  • Feb 01, 2022 09:15 AM IST

    Nirmala Sitharaman leaves ministry office

  • Feb 01, 2022 09:13 AM IST

    Watch Live:  When and how to watch Nirmala Sitharaman's speech

    People can watch the presentation of the Union Budget on February 1 at 11am live on Lok Sabha TV. People can also tune in to the event on various news outlets and social media platforms like YouTube and Twitter.

  • Feb 01, 2022 09:09 AM IST

    Budget 2022: What happens in Parliament on Budget Day?

    The session starts at 11am with the finance minister presenting the Budget in the Lok Sabha. An hour after the conclusion of the presentation of the Union Budget in the Lok Sabha, the Finance Minister will table the Budget in the Rajya Sabha, a statement (in English and Hindi) of the estimated receipts and expenditure of the Government for the year 2022-23.

    The Minister will also the table, a copy each (in English and Hindi) of Medium-term Fiscal Policy cum Fiscal Policy Strategy Statement and Macro-Economic Framework Statement under section 3 (1) of the Fiscal Responsibility and Budget Management Act, 2003.

  • Feb 01, 2022 09:09 AM IST

    Budget 2022: Minister of state for finance Bhagwat Karad offering prayers at his residence early in the day

    Before leaving his residence, Minister of state for finance Bhagwat Karad offered prayers. 
    Before leaving his residence, Minister of state for finance Bhagwat Karad offered prayers. 
  • Feb 01, 2022 08:42 AM IST

    Budget 2022: Nirmala Sitharaman reaches ministry office

    Finance minister Nirmala Sitharaman has reached North Block, the office of the ministry of finance.  Here, she will hold a meeting of the officials. The finance minister is also scheduled to meet the President before heading to Parliament. 

  • Feb 01, 2022 08:36 AM IST

    Budget 2022 will be an inclusive Budget, will benefit everyone, says MoS

    MoS finance Pankaj Chaudhary said Budget 2022 will be an inclusive Budget, in line with the needs of each and every sector. "It will be benefiting everyone...All sectors (including farmers) should have expectations from today's Budget," he said to ANI.

  • Feb 01, 2022 08:33 AM IST

    Budget 2022: 'If you read some newspapers..': Chidambaram's dig

    Former finance minister and Congress leader P Chidambaram on Tuesday took a jibe at some media platforms and said on the morning after teh Economic Survey, if one reads some newspapers, they will come to the conclusion that there is no opposition in India

  • Feb 01, 2022 08:29 AM IST

    PM Modi expects all MPs to listen to Budget presentation and cooperate: MoS

    PM Modi expects that every group - be it the ruling side or the Opposition - should sit together and listen to the presenting of the Budget and cooperate, minister of state for finance Bhagwat Karad said. 

  • Feb 01, 2022 08:27 AM IST

    Finance ministers of state Pankaj Chaudhary and Bhagwat Karad arrive at the ministry. 

  • Feb 01, 2022 08:09 AM IST

    Budget 2022: Here's what Biocon chief Kiran Mazumdar-Shaw expects from the Budget

  • Feb 01, 2022 07:54 AM IST

    Ministry officials to return home only after today's Budget presentation

    This is a yearly ritual that officials involved in preparing the Budget documents go for a lock-in period at the ministry. This is to maintain the secrecy of the Budget. They will only be allowed to meet their family members after the Budget is presented today. This year, they went for the lock-in period on January 27.

  • Feb 01, 2022 07:51 AM IST

    Budget 2022: Poll-bound states to be focus?

    Uttar Pradesh, Uttarakhand, Punjab, Goa and Manipur are going to the polls starting from February 10. The Budget is likely to have some big announcements for these states.

  • Feb 01, 2022 07:43 AM IST

    Employment biggest budgetary challenge for Sitharaman: Manish Tewari

    Congress leader Manish Tewari said the biggest budgetary challenge for Nirmala Sitharaman is to create employment for 60% of Indian people. This is the only budgetary number worth watching, he tweeted.

  • Feb 01, 2022 07:38 AM IST

    Sitharaman expected to propose borrowing a near-record 13 trillion rupees: Bloomberg

    While the fiscal deficit forecast is narrower than the 6.8% gap targeted for the current fiscal year, it’s far wider than the shortfall seen in pre-pandemic years. Sitharaman is expected to propose borrowing a near-record 13 trillion rupees ($174 billion) to bridge the gap, Bloomberg reported.

  • Feb 01, 2022 07:36 AM IST

    Budget 2022: What US Companies are expecting

    American companies are expecting tax parity from Nirmala Sitharaman so that they can invest more. Instead of becoming tax terrorism, the tax regime should become tax partners.

  • Feb 01, 2022 07:28 AM IST

    What is bahi khata? 

    Last year, bahi khata was replaced by a made in India tab, which Nirmala Sitharaman carried in a bahi khata like cover. 
    Last year, bahi khata was replaced by a made in India tab, which Nirmala Sitharaman carried in a bahi khata like cover. 

    Nirmala Sitharaman introduced bahi khata which replaced the tradition of carrying the Budget papers in a briefcase. As Budget went paperless, the bahi khata was replaced by a Made in India tab, which was wrapped in a red bahi khata like cover with the National Emblem embossed on it.

  • Feb 01, 2022 07:24 AM IST

    Finance minister Nirmala trending on Twitter

    With a few hours to go for Union Budget 2022,  ‘Finance minister Nirmala’ started trending on Twitter.

  • Feb 01, 2022 06:59 AM IST

    What Maharashtra minister Aaditya Thackeray wants from Union Budget 2022

  • Feb 01, 2022 06:56 AM IST

    Union Budget 2022 likely to focus on infrastructure spending: Reuters

    Reuters reported that Budget 2022 will be focussed on infrastructure spending, health services and social programmes. There are likely to be announcement on more more spending on roads, railways, besides higher subsidies for affordable housing.

  • Feb 01, 2022 06:48 AM IST

    Budget 2022: 5 direct tax expectations from Nirmala Sitharaman

    1. 80C deduction available up to 1.5 lakh a year be revised upwards significantly

    2. To make the optional concessionary tax regime, which came into effect from April 2021, more acceptable, raise the threshold 15 lakh income for laying peak 30% tax rate

    3 . Special tax regime for crypto

    4. The burden of the long-term capital gains tax (LTCG), introduced vide Finance Act 2018, has somewhat dented investor confidence. Major economies do not have LTCG tax. In India too, it is expected that LTCG on the sale of Indian-listed equity shares will be exempted as it would boost investment through the stock exchange. 

    5. Corporates are expecting that the entire amount or an appropriate proportion of expenditure incurred for helping the society and employee welfare during COVID-19 will be allowed as deductible expenditure. 

  • Feb 01, 2022 06:33 AM IST

    Budget 2022 LIVE: What are the corporates expecting?

    Corporates are expecting that the entire amount or an appropriate proportion of expenditure incurred for helping the society and employee welfare during Covid-19 will be allowed as deductible expenditure

  • Feb 01, 2022 06:31 AM IST

    Will Sitharaman have something for crypto?

    Industry wants a specialised regime for taxation of cryptocurrency as crypto assets encompassing a wide array of digital assets like non-fungible tokens, wrapped asset tokens etc, will gain tremendous traction.

  • Feb 01, 2022 06:27 AM IST

    This finance minister of India presented the maximum number of Budgets

    Moraraji Desai holds the record of presenting the most number of budgets in the history of the country. He had presented 10 budgets during his stint as finance minister during 1962-69.

    He is followed by P Chidambaram (9), Pranab Mukherjee (8), Yashwant Sinha (8) and Manmohan Singh (6)

  • Feb 01, 2022 06:16 AM IST

    What is green Budget?

    Since last year, India's Budget has gone paperless cutting down on the expenditure of the printing of the documents. This is called the green or paperless Budget.

    The printing of several hundred copies of the voluminous Budget documents was such an elaborate exercise that printing staff had to stay at Noth Block for a couple of weeks to finish the work. 

    The Modi government has curtailed the printing of the Budget copies.  To begin with, the copies distributed to journalists and outside analysts were curtailed and then since the pandemic, the copies provided to Lok Sabha and Rajya Sabha MPs have been curtailed.

  • Feb 01, 2022 06:12 AM IST

    Do you know 2021's Budget was called 'once-in-a-century Budget'?

    Nirmala Sitharaman called her 2021 Budget as Once-in-a-century-Budget. It was aimed at reviving India's economy via investing in infrastructure and healthcare while relying on an aggressive privatisation strategy and robust tax collection.

  • Feb 01, 2022 05:48 AM IST

    Can you download Union Budget 2022?

    Yes, everyone can download the Budget documents from Union Budget Mobile App. This was launched last year as Budget went paperless. The mobile App allows complete access to 14 Union Budget documents, including the Budget Speech, Annual Financial Statement (commonly known as Budget), Demand for Grants (DG), Finance Bill etc. as prescribed by the Constitution. The mobile app is bilingual (English & Hindi) and is available on both Android and iOS platforms.

    The App can also be downloaded from the Union Budget Web Portal (www.indiabudget.gov.in). The budget documents will also be available for download by the general public on Union Budget Web Portal (www.indiabudget.gov.in), said the statement by the ministry.

  • Feb 01, 2022 05:38 AM IST

    What is halwa ceremony? Why did it not take place this year?

    Halwa ceremony marks the final stage of the process of the making of the Union Budget. Halwa is made to mark the occasion, but the pandemic forced the ministry to do away with the ceremony. Instead, sweets were provided to the staff of the ministry who since then were locked at their workplaces.

  • Feb 01, 2022 05:29 AM IST

    Union Budget 2022: Meet this year's Budget team for tax

    Finance minister Nirmala Sitharaman, minister of state Pankaj Chaudhary posed with the Budget team of the Central Board of Indirect Taxes and Customs on the eve of the Budget day.
    Finance minister Nirmala Sitharaman, minister of state Pankaj Chaudhary posed with the Budget team of the Central Board of Indirect Taxes and Customs on the eve of the Budget day.
  • Feb 01, 2022 05:26 AM IST

    Congress says Economic Survey revealed Modi government's mismanagement of economy

    The Congress said the Economic Survey revealed the intrinsic weakness of the economy of the Modi government. Congress chief spokesperson Randeep Surjewala termed the survey a "self-serving cheerful assessment" of the economy that raises doubts about what the Budget is set out to achieve. "The Economic Survey2022 is a classic case of 'what statistics say' versus 'what they actually reveal'. It clearly reveals the intrinsic weakness of the economy and the gross economic mismanagement by the Modi government," Surjewala said in a series of tweets.

  • Feb 01, 2022 05:23 AM IST

    Capital expenditure for Railways sees substantial increase in 2020-21

    The capital expenditure for the Indian Railways saw a substantial increase in 2020-21 as compared to the average annual during 2009-14 and it has been budgeted to further increase in 2021-22, according to the Economic Survey. The Index of Industrial Production (IIP) grew at 17.4 per cent (YoY) during April-November 2021 as compared to (-)15.3 per cent in April-November 2020.

  • Feb 01, 2022 05:21 AM IST

    Capital expenditure has grown by 13.5% during April-Nov 2021: Economic Survey

    The Capital Expenditure has grown by 13.5 per cent with a focus on infrastructure-intensive sectors during April-November 2021, according to the Economic Survey tabled in Parliament on Monday.

  • Feb 01, 2022 05:16 AM IST

    Union Budget 2022: Watch out for these 4 numbers in the Budget

    Nominal GDP growth assumption in the Budget

    Tax Buoyancy for 2021-22 and 2022-23

    Relief on the petrol-diesel price front, if any

    If there is a political game-changer for the elections

    Read the full story here

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‘Idea of Budget is to boost consumption’: DEA secretary Ajay Seth

Updated on Feb 03, 2022 01:57 AM IST
The Budget has provided the clarity… All incomes are taxable, except those that are specifically exempted under the I-T Act, says Seth
Ajay Seth (HT Photo)
Ajay Seth (HT Photo)
ByRaajeev Jayaswal, Hindustan Times, New Delhi

Budget for a modern, self-reliant nation: PM Modi

Updated on Feb 03, 2022 07:41 AM IST
Union Budget 2022-23 pumped up capital expenditure massively to spur growth, raising its outlay by a record 35.4% to 7.5 lakh crore. It has taken a classic economic mantra, according to which investments begets growth.
Prime Minister Narendra Modi. (PTI)
Prime Minister Narendra Modi. (PTI)
By, New Delhi

Next year's I-T return to have separate column for crypto income: Revenue secy

Published on Feb 02, 2022 06:23 PM IST
The 30 per cent plus applicable cesses and surcharge of 15 per cent on income above 50 lakh will have to be paid on income from cryptocurrencies, revenue secretary Tarun Bajaj said.
The launch of 'Digital Rupee' by RBI as well as a 30 per cent tax from April 1 on profits from digital asset transactions, including cryptocurrencies and non-fungible tokens (NFTs) was announced by finance minister Nirmala Sitharaman in her budget speech on Tuesday, February 1, 2022. (Getty Images/iStockphoto)
The launch of 'Digital Rupee' by RBI as well as a 30 per cent tax from April 1 on profits from digital asset transactions, including cryptocurrencies and non-fungible tokens (NFTs) was announced by finance minister Nirmala Sitharaman in her budget speech on Tuesday, February 1, 2022. (Getty Images/iStockphoto)
PTI | , New Delhi

Reaching new heights: Modi hails India's ‘success story’ in post-Budget address

Updated on Feb 02, 2022 12:17 PM IST
The Union Budget has been appreciated across multiple quarters, said the Prime Minister, adding that the policies are aimed at expanding the central government's vision in the last seven years.
Prime Minister Narendra Modi addresses Bharatiya Janata Party (BJP) workers on Wednesday, February 2, 2022. (Photo via @PBNS_India on Twitter)
Prime Minister Narendra Modi addresses Bharatiya Janata Party (BJP) workers on Wednesday, February 2, 2022. (Photo via @PBNS_India on Twitter)
Written by Joydeep Bose, Hindustan Times, New Delhi

Digital Banking units to come up in 75 districts by scheduled banks, says FM

Published on Feb 02, 2022 07:47 AM IST
To give a boost to the digital economy and as the country marks 75 years of its independence, it is proposed to set up 75 DBUs in 75 districts of the country by scheduled commercial banks, finance minister Nirmala Sitharaman said.
Digital Banking units to come up in 75 districts.(Representative image)
Digital Banking units to come up in 75 districts.(Representative image)
By, Hindustan Times, New Delhi

CEA: India on track to becoming $5-trillion economy by FY26

Published on Feb 02, 2022 07:40 AM IST
Gross domestic product (GDP) in dollar terms has already crossed $3 trillion, he said during the finance minister’s post-Budget interaction with the press.
Chief Economic Adviser V Anantha Nageswaran.(Bloomberg)
Chief Economic Adviser V Anantha Nageswaran.(Bloomberg)
ByMint Correspondent

RBI to launch a digital currency in FY23: Minister

Published on Feb 02, 2022 07:38 AM IST
The government also proposed to amend the RBI Act to include the central bank digital currency (CBDC) alongside traditional banknotes.
A central bank digital currency is the legal tender issued by it in a digital form.(Mint Archives)
A central bank digital currency is the legal tender issued by it in a digital form.(Mint Archives)
ByShayan Ghosh

Telecom sector gets 5G boost; Centre to infuse 44k crore into BSNL

Published on Feb 02, 2022 07:32 AM IST
Experts said that continued emphasis on the importance of mobile connectivity and broadband for economic development, especially in rural India, will further boost telecom and associated sectors.
Experts said that continued emphasis on the importance of mobile connectivity and broadband for economic development, especially in rural India, will further boost telecom and associated sectors. (Livemint)
Experts said that continued emphasis on the importance of mobile connectivity and broadband for economic development, especially in rural India, will further boost telecom and associated sectors. (Livemint)
By, Hindustan Times, New Delhi

Chip-based e-passports from 2022-23, says FM Sitharaman

Published on Feb 02, 2022 07:25 AM IST
Sanjay Bhattacharya, secretary, Ministry of External Affairs, had earlier said that India will soon introduce e-passports with secure biometric data, adding that it will be in line with the International Civil Aviation Organisation (ICAO) standards.
The e-passports will have embedded chips containing data related to the passport holder, like name, biometric data and other information, officials said.(ANI file photo)
The e-passports will have embedded chips containing data related to the passport holder, like name, biometric data and other information, officials said.(ANI file photo)
By, Hindustan Times, New Delhi

Budget 2022: PM Modi's ‘Atmanirbhar Arthvyawastha’ address to BJP workers today

Published on Feb 02, 2022 06:55 AM IST
PM Modi hailed the Budget presented by finance minister Nirmala Sitharaman, calling it progressive and people friendly. He said that it is full of new possibilities of more infrastructure, more investment, more growth, and more jobs.
Prime Minister Narendra Modi's address will take place virtually.(HT File Photo)
Prime Minister Narendra Modi's address will take place virtually.(HT File Photo)
By | Written by Amit Chaturvedi, Hindustan Times, New Delhi

GST collection for January climbs to record 1.40 lakh crore

Updated on Feb 02, 2022 06:47 AM IST
“Gross GST collection in January at record 1,40,986 crores; this has been possible due to rapid economic recovery,” finance minister Nirmala Sitharaman said while presenting the Budget in the Lok Sabha.
The GST taxation system came into force on July 1, 2017.(PTI file photo)
The GST taxation system came into force on July 1, 2017.(PTI file photo)
By, Hindustan Times, New Delhi

‘This is a Budget for continuity’: Finance minister Nirmala Sitharaman

Published on Feb 02, 2022 06:28 AM IST
In an interview with Doordarshan, Union finance minister Nirmala Sitharaman talked about how the Budget will spur growth and create jobs.
Finance minister Nirmala Sitharaman. (PTI)
Finance minister Nirmala Sitharaman. (PTI)

A growth-oriented Budget, capex push welcome: India Inc

Updated on Feb 02, 2022 05:55 AM IST
The government’s focus on green and sustainable development coupled with its efforts on the ease of doing business front, were also welcomed by corporate India.
Union Budget 2022: Nirmala Sitharaman presenting Budget
Union Budget 2022: Nirmala Sitharaman presenting Budget
BySwaraj Singh Dhanjal

Market analysts back govt focus on growth, rue lack of direct stimulus

Published on Feb 02, 2022 05:49 AM IST
Analysts and investors cheered the government’s focus on growth but the lack of a direct stimulus to spur private consumption, low divestment targets (for FY22 and FY23) and higher borrowings left them worried in an environment of steep inflation of commodity and crude prices.
On Tuesday, the BSE Sensex was up 848.40 points or 1.46%, ending at 58,862.57, while the 50-share index Nifty gained 237 points or 1.37% at 17,576.85.
On Tuesday, the BSE Sensex was up 848.40 points or 1.46%, ending at 58,862.57, while the 50-share index Nifty gained 237 points or 1.37% at 17,576.85.
ByNasrin Sultana, Hindustan Times, Mumbai

Union budget: Centre announces record borrowing plan of 14.95 lakh crore

Published on Feb 02, 2022 04:55 AM IST
On a net basis (less repayments), this borrowing will include 11.6 lakh crore from the market to bridge the predicted deficit in its 39.45 lakh crore annual budget.
“This budget continues to provide impetus for growth,” Sitharaman said in Parliament during her Budget speech.(Sanjeev Verma/HT PHOTO)
“This budget continues to provide impetus for growth,” Sitharaman said in Parliament during her Budget speech.(Sanjeev Verma/HT PHOTO)
By, Hindustan Times, New Delhi
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