Thread by @PIBMumbai

FM @nsitharaman begins her #Budget2022-23 speech by expressing empathy to those who suffered during the pandemic

Says India's growth estimated to be at 9.2%, highest among all large economies



#AatmaNirbharBharatKaBudget

Production Linked Incentive(PLI) Scheme for achieving #AatmaNirbharBharat has received excellent response, with potential to create 60 lakh new jobs and additional production of 30 lakh crore during next 5 yrs: FM @nsitharaman

#AatmaNirbharBharatKaBudget #Budget2022 @makeinindia

GATI SHAKTI:

#Budget2022-23 reiterates focus on public investment to modernize infrastructure over the medium term

PM @GatiShakti will pull forward the economy and will lead to more jobs and opportunities for the youth: FM @nsitharaman

#AatmaNirbharBharatKaBudget

#Railways:

@RailMinIndia to develop efficient logistics for small farmers & enterprises.

100 Cargo Terminals under PM Gati Shakti will be developed in the next few years.

– FM @nsitharaman

#AatmaNirbharBharatKaBudget #Budget2022

#Road Sector:

PM @GatiShakti Master Plan for Expressways will be formulated in 2022-23 to facilitate faster movement of people and goods

@NHAI_Official Network to be expanded by 25,000 kms in 2022-23

: FM @nsitharaman

#AatmaNirbharBharatKaBudget
#Budget2022

.@RailMinIndia #Budget2022:

The way we travel by train to change drastically!

400 new generation Vande Bharat trains, giving better experience to passengers, to be manufactured in next three years

: FM @nsitharaman

#AatmaNirbharBharatKaBudget
@Central_Railway @WesternRly

PM @GatiShakti is driven by 7 engines:

Roads
Railways
Airports
Ports
Mass transport
Waterways
Logistics infra

All 7 engines will pull forward the #Economy in unison

- FM @nsitharaman

#Budget2022 #AatmaNirbharBharatKaBudget

#Agriculture

Use of Kisan Drones to be promoted for crop assessment, digitization of land records and spraying of insecticides and nutrients

: FM @nsitharaman

#AatmaNirbharBharatKaBudget #Budget2022

@AgriGoI @PIBAgriculture @icarindia

#MSME

Emergency Credit Line Guarantee, which has provided additional credit to MSMEs, extended till March, 2023

Guarantee cover to be expanded by Rs. 50,000 cr. to a total cover of Rs. 5 lakh cr.

: FM @nsitharaman

#Budget2022 #AatmaNirbharBharatKaBudget

Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE) to be revamped with required fund infusion. It will facilitate additional credit of Rs. 2 lakh crore for Micro and Small Enterprises and expand job opportunities: FM @nsitharaman

@minmsme

https://twitter.com/PIBMumbai/status/1488401192137146369?s=20&t=AEabcXaWBIvjpE22nLBBPQ

Digital rupee, using #blockchain, to be launched by @RBI in 2023

#DigitalCurrency will also lead to a more efficient and cheaper currency management system

: FM @nsitharaman

#AatmaNirbharBharatKaBudget #Budget2022

@FinMinIndia @_DigitalIndia

75 #DigitalBanking Units to be set up in 75 districts, by scheduled commercial banks

To provide a further thrust to digital banking and financial innovation: FM @nsitharaman

#Budget2022
#AatmaNirbharBharatKaBudget

@NPCI_NPCI @UPI_NPCI @NPCI_BHIM @_DigitalIndia @RBI @IndianCERT

100% of 1.5 lakh post offices to come under Core Banking System in 2022

To enable financial inclusion, access to accounts through net/mobile banking, ATMs, online transfer of funds btwn post office A/c & bank A/c

To help #Farmers, #SeniorCitizens in #rural areas

#Budget2022

Tax relief for Cooperative Societies:

Alternate Minimum Tax for Co-operative Societies reduced to 15%.

Surcharge for Co-op Societies with income up to Rs. 10 crores slashed from 12% to 7%

: FM @nsitharaman

#AatmaNirbharBharatKaBudget #Budget2022

Issue of e-passports using embedded chip and futuristic tech to be rolled out in 2022-23

To enhance convenience for citizens for #Overseas #Travel

: FM @nsitharaman

#Budget2022
#AatmaNirbharBharatKaBudget

@MEAIndia @mygovindia

Revised estimate of capital expenditure is Rs. 6.3 lakh crore: FM @nsitharaman

#AatmaNirbharBharatKaBudget #Budget2022

@FinMinIndia

Capital expenditure outlay being stepped up sharply by ⬆️35.4% from Rs. 5.54 lakh crore in CY to Rs. 7.50 lakh crore in 2022-23

Outlay in 2022-23 will be 2.9% of the GDP

: FM @nsitharaman

#Budget2022
#AatmaNirbharBharatKaBudget

Taken together with provision for creation of capital assets through grants & aids to states,

effective capital expenditure of central govt. is estimated at Rs. 10.68 lakh crore in 2022-23, which will be around 4.1% of GDP

- FM @nsitharaman

#Budget2022

https://twitter.com/PIB_India/status/1488412639990808577?s=20&t=PfoZ5DKP0TlstUmj4Fh5qg

Gross collection of GST for January 2022 is Rs 1,40,986 crores, highest since inception of GST; this has been possible due to rapid economic recovery post COVID-19: FM @nsitharaman

#AatmaNirbharBharatKaBudget #Budget2022

@cbic_india

.@DefenceMinIndia:

68% of defence capital procurement budget in 2022-23 to be earmarked for domestic industry, ⬆️from 58% in 2021-22

Defence R&D to be opened to industry, #Startups and #Academia, with 25% of R&D budget earmarked: FM @nsitharaman

#AatmaNirbharBharatKaBudget

Required #Spectrum auctions to be conducted in 2022

To facilitate roll-out of #5G mobile services in 2022-23 by private #Telecom providers

Scheme for design-led manufacturing to build a strong #5G ecosystem as part of PLI Scheme

: FM

#AatmaNirbharBharatKaBudget
@DoT_India

#Animation Visual Effects, #Gaming and Comic Promotion Taskforce to be set up

to recommend ways to realize potential of AVGC sector and serve markets and global demand

: FM @nsitharaman

#Budget2022
#AatmaNirbharBharatKaBudget

@MIB_India

Fiscal deficit at 6.9% of GDP in 2021-22, 6.4% in 2022-23: FM @nsitharaman

#AatmaNirbharBharatKaBudget #Budget2022

https://twitter.com/PIBMumbai/status/1488413993144582145?s=20&t=kHFRskMZqbO_3q2RT0kULA

New provision to be introduced, permitting #Taxpayers to file 'Updated return' on payment of additional tax

to enable corrections/omissions in income estimation

Updated return can be filed within 2⃣yrs from the end of the relevant assessment year: FM
#Budget2022 @IncomeTaxIndia