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@scroll_in
Feb 1, 2022 • 64 tweets • 52 min read • Read on X
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Nirmala Sitharaman presents #Budget2022 in Parliament, #Sensex jumps over 800 points

Catch all the #BudgetSession2022 live updates.👇

scroll.in/latest/1016370…
#BudgetSession2022

The Budget seeks to lay a blueprint for the next 25 years, says the finance minister.

“We are confident of withstanding challenges amid the coronavirus pandemic,” says #NirmalaSitharaman.

Catch all the #Budget2022 live updates.👇

scroll.in/latest/1016370…
Nirmala Sitharaman says the government strives 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,” she adds.

Catch all the #Budget2022 live updates.👇

scroll.in/latest/1016370…
400 new generation Vande Bharat trains will be developed and manufactured in next 3 years, #NirmalaSitharaman says as she speaks about the PM Gati Shakti project.

Catch all the #Budget2022 live updates.👇

scroll.in/latest/1016370…
#NirmalaSitharaman informs Parliament that metro systems, muti-model connectivity will be facilitated on priority along with 100 Gati Shakti cargo terminals in the next three years.

Catch all the #Budget2022 live updates here.👇

scroll.in/latest/1016370…
#Budget2022 to lay foundation for the next 25 years, says FM Nirmala Sitharaman

“We are confident of withstanding challenges amid the coronavirus pandemic,” says #NirmalaSitharaman.

Catch all the #BudgetSession2022 live updates here: scroll.in/latest/1016370
Government will pay Rs 2.7 lakh crore direct payment of minimum support price for wheat and paddy.

Sitharaman adds that usage of Kisan Drones will be promoted for crop assessments and spraying of insecticides. #Budget2022

Follow live updates.👇

scroll.in/latest/1016370…
Finance minister now moves on to highlight the education divide among under privileged children amid the #CoronavirusPandemic.

She says a new portal will be launched for skill development.

Catch all the #BudgetSession2022 live updates.👇

scroll.in/latest/1016370…
“One Class, One TV channel” will be expanded from 12 to 200 television channels.

This will assist states to provide supplementary education in all regional languages, according to #NirmalaSitharaman.

Catch all the #Budget2022 live updates.👇

scroll.in/latest/1016370…
#NirmalaSitharaman announces the launch of National Tele Mental Health programme, saying the Covid pandemic has “accentuated mental health problems”.

Catch all the #Budget2022 live updates.👇

scroll.in/latest/1016370…
400 new generation Vande Bharat trains will be developed and manufactured in next 3 years, Sitharaman says as she speaks about the PM Gati Shakti project.

Catch all the #Budget2022 live updates: scroll.in/latest/1016370
Government will pay Rs 2.37 lakh crore direct payment of minimum support price for wheat and paddy.

Sitharaman adds that usage of Kisan Drones will be promoted for crop assessments & spraying of insecticides.

Catch all the #Budget2022 live updates: scroll.in/latest/1016370
#BudgetSession2022

E-passports using embedded chips and futuristic tech will be rolled out in 2022-’23, says the Finance Minister #NirmalaSitharaman.

Catch all the #Budget2022 live updates here.👇

scroll.in/latest/1016370…
#BudgetSession2022

#NirmalaSitharaman informs the House that PM Development Initiative Scheme for North East will be launched.

Catch all the #Budget2022 live updates here: scroll.in/latest/1016370
#NirmalaSitharaman says 75 digital banking units will be established by scheduled commercial banks in 75 districts to encourage digital payments.

She adds that 1.5 lakh post offices to come under core banking systems.

Follow #Budget2022 live updates:

scroll.in/latest/1016370…
#Budget2022

Finance minister informs the House that spectrum auction will be conducted in 2022 for 5G rollout. Opposition asks, “What about BSNL?”

Catch all the #BudgetSession2022 live updates: scroll.in/latest/1016370
#NirmalaSitharaman says 68% of capital procurement budget in defence will be earmarked for domestic industry in 2022-’23. This is up from the 58% last fiscal.

Defence R&D will be opened up for start ups in a big push.

Follow #Budget2022 live updates: scroll.in/latest/1016370
#BudgetSession2022

Finance Minister announces that announces digital rupee using blockchain and other technologies to be introduced by the Reserve Bank of India in 2022-’23.

Catch all the #Budget2022 live updates here: scroll.in/latest/1016370
#Budget2022

The capital expenditure has been stepped up sharply by 35.4% to Rs 7.50 lakh crore for financial year 2022-’23.

Catch all the #BudgetSession2022 live updates here.👇

scroll.in/latest/1016370…
Data centres and energy storage systems to be given infrastructure status, says #NirmalaSitharaman. She says this will provide easy financing.

Catch all the #BudgetSession2022 live updates here.👇

scroll.in/latest/1016370…
#BudgetSession #Budget2022

Finance minister proposes to increase tax deduction limit from 10% to 14% for state government employees to bring them at par with central government staff.

Catch all the #BudgetSession2022 live updates: scroll.in/latest/1016370
#Budget2022: Fiscal deficit for this financial year revised to 6.9% of #GDP, breaching the target of 6.8%.

Fiscal deficit target for next financial year pegged at 6.4% of GDP.

Catch all the #BudgetSession2022 live updates: scroll.in/latest/1016370
The government says virtual digital assets to be taxed at 30% without any deduction.

#NirmalaSitharaman says gifts of digital assets also to be taxed in hands of the recipient.

Catch all the #BudgetSession2022 live updates: scroll.in/latest/1016370
In her Budget speech, the finance minister announces tax relief for persons with disabilities.

The payment of annuity or lump sum for disabled dependent will be exempted.

Catch all the #BudgetSession2022 live updates.👇

scroll.in/latest/1016370…
#UnionBudget2022 | “GST revenue has been buoyant despite the pandemic” - #NirmalaSitharaman

Catch all the #BudgetSession2022 live updates: scroll.in/latest/1016370/
#Budget2022: 400 new-generation trains, 25,000 km of highways announced under PM #GatiShakti project

The project is an initiative to attract private investments for the transport sector.

scroll.in/latest/1016388…
The gross Goods and Services Tax collection for January 2022 is Rs 1,40,986 crores, the highest since inception of #GST, the finance minister says.

“GST revenue has been buoyant despite the pandemic,” she adds.

Catch all the #Budget2022 live updates.👇

scroll.in/latest/1016370…
The central government proposes to reduce the minimum alternative tax for cooperatives from 18.5% to 15%.

It also proposes to reduce co-operative surcharge from 12% to 7%.

Catch all the #Budget2022 live updates.👇

scroll.in/latest/1016370…
#Budget2022

The project aims to bring together 16 ministries including railways and roadways for smoother and faster implementation of infrastructure projects across the country.

Read more: scroll.in/latest/1016388
#Budget2022

Custom duty on cut and polished diamond reduced to 5%. Custom duty is being increased on sodium cyanide.

Catch all the #BudgetSession2022 live updates.👇

scroll.in/latest/1016370…
#NirmalaSitharaman said that the Union government’s capital expenditure in financial year 2022-’23 will be Rs 7.50 lakh crore from Rs 5.54 lakh crore in this fiscal – an increase of 35.4%.

Catch all the #BudgetSession2022 live updates.👇

scroll.in/latest/1016370…
#Budget2022: Centre breaches fiscal deficit target this year, pegs shortfall at 6.4% of #GDP for 2022-’23

The deficit between the government’s earnings and spending this year came at 6.9% of the GDP, while the target was to limit it at 6.8%.

Read: scroll.in/latest/1016392
#Congress criticises the #Budget2022, saying it has nothing for the middle class

“India’s salaried class and middle class were hoping for relief in times of pandemic, all round pay cuts & back breaking inflation,” says Randeep Singh Surjewala.

Live blog: scroll.in/latest/1016370
Congress leader Shashi Tharoor says he is “concerned about lack of substance for common citizens” in Finance Minister Nirmala Sitharaman’s #Budget2022.

(Image Courtesy: @ANI)

Catch all the #BudgetSession2022 updates here: scroll.in/latest/1016370
#BudgetSession2022

Jayant Sinha, Member of Parliament (Lok Sabha) and chairperson of Parliamentary Standing Committee on Finance, says #NirmalaSitharaman presented a “pro-growth Budget”

Catch all the #BudgetSession2022 live updates here: scroll.in/latest/1016370
#Budget2022

West Bengal CM #MamataBanerjee also says the Budget has nothing for common citizens and that the Modi government is lost in “big words signifying nothing”.

Catch all the #BudgetSession2022 live updates here: scroll.in/latest/1016370
Congress leader Jairam Ramesh says the Modi government is promoting “ecologically disastrous river-linking projects”.

In her Budget speech, Finance Minister #NirmalaSitharaman proposed a project to link five rivers in India.

Live blog: scroll.in/latest/1016370
#Budget2022 | Key highlights

Catch all the #BudgetSession2022 updates: scroll.in/latest/1016370
#Budget2022 | Key highlights

Catch all the #BudgetSession2022 updates: scroll.in/latest/1016370
#Budget2022 | Key highlights

Catch all the #BudgetSession2022 updates: scroll.in/latest/1016370
#Budget2022 | Key highlights

Catch all the #BudgetSession2022 updates: scroll.in/latest/1016370
Finance Minister #NirmalaSitharaman proposed that the tax deduction limit of state government employees should be increased from 10% to 14%.

The government did not announce any change in personal income tax slabs. #Budget2022

scroll.in/latest/1016399…
5G spectrum auctions, e-passport among digital initiatives announced by Centre

The Reserve Bank of India will also issue a new digital rupee using blockchain and other technologies in the upcoming financial year. #Budget2022

scroll.in/latest/1016411…
#Budget2022

Centre to launch National Tele Mental Health programme amid Covid pandemic

Finance Minister said that the programme will include a network of 23 tele mental health centres of excellence across the country.

scroll.in/latest/1016413/
#Budget2022 is people-friendly and progressive, says Prime Minister Narendra Modi

The prime minister said that the document is filled with new possibilities for infrastructure, investment, growth and jobs.

Catch all the #BudgetSession2022 live updates.

scroll.in/latest/1016370…
#Budget2022-23 has given special attention to ensuring pucca houses, tap water, toilets & gas connections, PM Modi said.

He added that the document has also given emphasis to modern internet connectivity.

Catch all the #BudgetSession2022 live updates: scroll.in/latest/1016370
#Budget2022-23 has been welcomed by people from all sectors, says PM Modi.

“The positive reactions of common people have increased our enthusiasm to serve the people,” he said.

Catch all the #BudgetSession2022 live updates: scroll.in/latest/1016370
Rahul Gandhi alleges that the #Budget2022 has nothing for the welfare of salaried people, the middle class, the poor, the youth, farmers and micro, small and medium enterprises.

Catch all the #BudgetSession2022 live updates: scroll.in/latest/1016370
RBI has the authority to issue a digital currency and everything else, including crypto, are assets: Nirmala Sitharaman

Her comments are in the context of the 30% tax on digital assets announced in the Budget on Tuesday.

Follow #Budget2022 live updates: scroll.in/latest/1016370
Arvind Kejriwal says that the people had many expectations from the #Budget2022 as it was announced during the time of the coronavirus, but the Budget has left people disappointed.

Catch all the #BudgetSession2022 live updates: scroll.in/latest/1016370
#Budget2022 presented gives no relief to farmers and is silent on the promise of doubling farmers’ income by 2022: Chhattisgarh CM Bhupesh Baghel

Baghel says that the Budget lacks any provision to complete items from previous budgets

Follow live updates: scroll.in/latest/1016370
#Budget2022

Opposition leaders say farmers, poor and middle-class ignored, BJP calls it ‘visionary’

Many politicians highlighted the wide inequality in the country as well as raised concerns over unemployment.

scroll.in/latest/1016406…
#Budget2022: Centre allocates Rs 51,971 crore to settle Air India’s debts

Tata Sons was given a debt of Rs 15,300 crore with 100% shares of the Air India & Air India Express & 50% shares of the airport service provider Air India SATS.

scroll.in/latest/1016420…
#Budget2022: Union Finance Minister #NirmalaSitharaman said that ‘chemical-free farming’ would be promoted in the country.

scroll.in/latest/1016426…
#UnionBudget2022: Nirmala Sitharaman listed several measures to support the agriculture sector.

She said that government would facilitate a fund with blended capital raised under the co-investment model through India’s NABARD.

Read: scroll.in/latest/1016426/
#Budget2022: The scheme ensures 100 days of guaranteed wage employment of unskilled manual work to at least one adult member of every household in rural areas.

In 2021 Budget, the Centre had also allocated Rs 73,000 crore to the rural job guarantee scheme
scroll.in/latest/1016431/
#Budget2022: Finance Minister Nirmala Sitharaman said that the Centre is committed to promoting self-reliance in equipment for the armed forces.

scroll.in/latest/1016429…
#Budget2022: Sitharaman said that 25% of the defence research and development budget will be opened for industry, startups and academia.

Read: scroll.in/latest/1016429/
#Budget2022: Finance Minister #NirmalaSitharaman said that the time period has been extended to provide #Taxpayers a window to correct filing errors.

scroll.in/latest/1016441…
#BudgetSession2022: Sitharaman said that currently if the Income Tax Department came across erroneous estimates by a taxpayer, it went through a lengthy process of adjudication.

The minister added that the new process puts trust in the taxpayer. scroll.in/latest/1016441/
#Budget2022: The #Budget focused on digital currency, large infrastructure projects and small businesses, among other things.

Here are some of the major announcements:👇

scroll.in/latest/1016443…
#Budget2022highlights: The #UnionBudget2022 also focused on large infrastructure projects and small businesses. #cryptocurrency #crypto

Read more: scroll.in/latest/1016443/

Here are some of the major announcements:👇
#BudgetSession2022: Union Finance Minister #NirmalaSitharaman said at a press conference that the government has not hiked any taxes this year on instructions from Modi.

Catch all the #Budget related developments here👇

scroll.in/latest/1016370/
#BudgetSession2022: Sitharaman did not announce any changes in income tax slabs. She, however, announced that updated income tax returns can now be filed within two years.

Read more: scroll.in/latest/1016370/

Catch all the #Budget related developments👇

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Apr 18, 2023
Economist Aravind Panagariya's dismissal of Rajasthan's #righttohealth Act as an example of “irresponsible populism” is shocking in a country where the financial burden of healthcare continues to push over 55 million people into poverty every year. scroll.in/article/1047330 Image
Panagariya also sees pensions and the right of the retired and elderly to a dignified life as a “populist” move in the context of the debate over a new pension scheme launched by the Bharatiya Janata Party government. scroll.in/article/1047330
For Panagariya, any government spending that violates the fictive boundary of fiscal prudence is sacrilege and thereby “irresponsible populism”. One of the pillars of this thinking is that such “dole outs” are necessarily inflationary. scroll.in/article/1047330
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Apr 18, 2023
#ScrollInvestigation: The Modi government greenlighted the clearance of about 3,000 acres of forest land in Chhattisgarh for the expansion of a coal mine operated by the Adani Group...
...even though a government-funded study found millions of tonnes of coal lying unextracted at the bottom of the existing mine.
Allocated by the coal ministry to Rajasthan’s state electricity company, the Parsa East and Kanta Basan mine is operated by the Adani Group, which also holds 74% stake in its profits.
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Apr 15, 2023
THREAD | The assault of an activist in Sikkim’s Singtam town on April 9 has once again drawn attention to the concerns over the redefinition of who counts as “Sikkimese” for tax purposes in the Finance Act, 2023. scroll.in/article/104738… Image
The act allows Indians who settled in Sikkim before 1975, when the Himalayan kingdom was merged with India, to avail of tax exemptions that ethnic Sikkimese groups have been granted.

The bill was necessitated by a Supreme Court verdict in January.
Critics allege that the law, which was passed by the Lok Sabha on March 24, is an attack on the state’s special rights and the identity of native groups. scroll.in/article/1047381

"What has happened is a very scary dilution” of Article 371, Joint Action Council member Amrit Sharma… twitter.com/i/web/status/1…
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Mar 18, 2023
The Bharatiya Janata Party was on Sunday forced to replace a ceremonial banner it had erected in #Karnataka’s Mandya district to welcome Prime Minister Narendra Modi. scroll.in/article/104574…

A Thread ⬇️ Image
The Opposition leaders pointed out that the banner featured two purported 18th-century Vokkaliga chieftains who the saffron party claims had killed Mysuru ruler Tipu Sultan.

According to the historical record, the Mysuru king was killed by the British.
This attempt by the BJP to showcase the supposed Vokkaliga chieftains Uri Gowda and Nanje Gowda, is being seen as part of the organisation’s new electoral push to appeal to specific castes groups - Vokkaliga voters.
Read 5 tweets
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Mar 17, 2023
THREAD: In early 2019, when Irshad Arif Irshad and his three friends decided to start an e-commerce business in Kashmir, they pooled their own savings instead of taking a loan.

“We did not take any bank loan because we know the risk of failure of businesses here,” Irshad said.
They opened a web portal called Kashmir Origin, a local platform that sells curated Kashmiri handicrafts, organic products and fabrics.

All four co-founders had worked for e-commerce companies in #Kashmir as well as other parts of India, and brought their expertise to the table.
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Jan 22, 2023
A group of 87 former civil servants urged President Droupadi Murmu to advise the Central government to immediately stop the Rs 72,000-crore mega project on Great Nicobar Island.

Read more: scroll.in/latest/1042354/
The mega project and the proposal to increase the island’s population amounts to “a planned destruction of the Adivasi culture and lives”, said Sharad Lele, a former member of the environment ministry and tribal ministry committee on the Forest Rights Act.
scroll.in/article/103826…
“This proposal for compensatory afforestation in Haryana in lieu of this ecological and social loss in the Islands is devoid of any logic,” said Tushar Dash, a forest rights researcher.
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Report by @_Vaishnavi_R
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