The big event begins! Track all the latest on #Budget2022 right here with @ETNOWlive
https://twitter.com/ETNOWlive/status/1488384373732765699
@FinMinIndia @nsitharaman kicks off talking about #disinvestment. Completion of #AirIndia, Neelachal Ispat and #LICIPO #Budget2022
FM so far speaking about how this #Budget2022 will lay the roadmap for India at 100
Four key plans under this Budget. 1) PM Gatishakti masterplan will encompass 7 engines for eco transformation says @nsitharaman #Budget2022
Is there more to PM Gatishakti than a new name for existing schemes? We will have to wait for the fineprint. #Budget2022
First part of #PMGatishakti is enhancing road transport. Rs. 20,000 crores will be raised to finance these schemes, says @nsitharaman #Budget2022
Railways will develop new products for small farmers and small and medium enterprises, under PM Gatishakti: Nirmala Sitharaman. @FinMinIndia @nsitharaman
400 new Vande Bharat trains will be developed over the next 3 years. Huge push for railways as reported by @sameerdixit16 on @ETNOWlive
Contracts for 8 #ropeway projects to supplement transportation will be awarded in 22-23 says @nsitharaman #Budget2022
Second priority: Inclusive Development - Rs 2.73 lakh crores will be paid directly to farmers for MSP. @nsitharaman (push to raise farmer incomes) #Budget2022
Use of #KisanDrones will be promoted for land records, crops assessment and spraying of nutrients says @nsitharaman #Budget2022
The most significant allocation so far is on #MSP for farmers in #Budget2022
#stressedsectors: ECLGS extended for hospitality and other stressed sectors till Mar 2023. Additional guarantee cover of Rs 5 lakh cr taking total to Rs 50,000 cr
"Skilling program with industry to be renewed and aligned with industry needs" - aim to address unemployment issue. #Budget2022
IMP: Impact on children due to shutting of schools for 2 years. One class, one tv channel program extended to 200 TV channels to give supplementary education #Budget2022
High quality e-learning content will be developed by teachers in regional channels. This is to close the learning loss that children have suffered due to pandemic. #Budget2022
Rs 1500 cr allocated for development of North East. @FinMinIndia #Budget2022
75 digital banking units will be set up in 75 districts by scheduled commercial banks says @nsitharaman #Budget2022
Ease of Doing Biz 2.0 and Ease of Living will be launched for 'Amritkaal' (next 25 years). Includes single point access for citizen services. #Budget2022
So far: Fewer allocations. More about vision for next 25 years . Continuation of schemes/programs that the government has announced earlier. #BudgetView #Budget2022
Electric Vehicles to be given huge push says @nsitharaman #Budget2022
Special zones to be set up for EV charging stations says #FM #Budget2022
Spectrum auction for 5G will be conducted in 2022 for provision of services be telecom operators by 2023 says @nsitharaman #5G #Budget2022
Push to complete BharatNet plan (add connectivity across the country) by 2025 says @nsitharaman #Budget2022
Big: 65% of defence capex to be kept for domestic companies. Push for 'Atmanirbharta' in Defence sector. #Budget2022
Rs19500 cr for PLI for mfg for solar power announced. This is to reach our goal of 280GW of solar power by 2030 #Greenpush #Budget2022
Good push for green energy announced in this portion of the #Budgetspeech @nsitharaman #BudgetspeechLive #Budget2022
At this stage private investments require support to rise to the occasion for needs of the economy says @nsitharaman #Budget2022
Important: Outlay for Capex increased significantly by 35.4% to Rs 7.5 lakh crore. This is 2.9% of GDP #Budget2022
Effective Capex for FY23 will be at Rs 10.68 lk cr #Budget2022
#DigitalRupee: Introduction of CBDC will give boost to digital economy. Digital Rupee to be issued by @RBI in 2022-2023. Big announcement. India's own #Crypto
Announcement of India's own digital currency when there is no clarity on the current cryptos is very significant. #Crypto #Budget2022 . How do you look at it @NischalShetty ?
IMPORTANT: Fiscal deficit is 6.9% of GDP as opposed to estimate of 6.8% (small miss). Estimated fiscal deficit for 2022-2023 is 6.4%. FM sticking to aim of fiscal deficit below 4% by 2025-2026. Feasible?? #Budget2022
Part B of #BudgetspeechLive. This is where there is relief for taxpayers if any. Will there be some solace this year? #Budget2022
New provision allows taxpayers to file updated return within two years from end of relevant assessment year. Will ease filing for taxpayers. Impact? @PankajMathpal @GMashruwala #Budget2022
Tax for cooperative societies reduced to 15% from 18% to provide level playing field. Surcharge reduced from 12% to 7% for those with income of up to Rs 10 crore. #Budget2022
Tax relief for persons with disability. Payment of annuity and lumpsum to differently abled during the lifetime of parent/guardian at age of 65 #Budget2022 #Taxes
Tax deduction limit increased from 10-14% on contribution to NPS account to state govt employees (on par with Central govt employees) #Budget2022
Incentives for #Startups: Tax incentives for startups extended by a year.
#Taxes: Incentive for newly incorporated mfg cos extended by a year to 31 Mar 2024 #Budget2022
Ok big one... #Cryptotax announcement.
Taxation of virtual digital assets. Any income from transfer shall be taxed at rate of 30%. No deduction of any expenditure except cost of acquisition. Loss can't be set off. TDS of 1% above a monetary threshold. #CryptoTax
Crypto gains taxed heavily at 30%. A TDS also announced. @nsitharaman #Budget2022
Surcharge on long term capital gains capped at 15% on any asset #Taxes #Budget2022
Gross GST collections for Jan 2022 is 1.40 lakh cr. Highest since inception of GST. FM announces in parliament though its not part of speech. #GST
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