Union Budget 2022

'Astonishingly disappointing': Shashi Tharoor, Mamata Banerjee react to Union Budget 2022-23

The Congress leader said that this is a Budget that seems to be pushing 'achhe din' even farther away.

Feb 01, 2022, 13:44 PM IST

Budget 2022: Govt promises to lower imports in defence sector, says Nirmala Sitharaman

Sitharaman also stated that 5% of the Universal Service Obligation (USO) Fund would be allocated to research and development and technology upgrades.

Feb 01, 2022, 13:39 PM IST

Union Budget 2022: Tax deduction limit on employer’s contribution to NPS a/c of State govt employees hiked from 10% to 14%

FM Sitharaman announced parity between employees of State and Central government by hiking Central Government contribution to the National Pension System (NPS) Tier-I.

Feb 01, 2022, 13:27 PM IST

Budget 2022: Sensex surges 879.62 points, Nifty rises 234.70 points on budget announcements

Sensex and Nifty extended their gains and were trading over 800 points and 200 points higher, respectively, in mid-session deals on Tuesday. 

Feb 01, 2022, 13:02 PM IST

Budget 2022: Existing tax benefits for Startups to be extended by one more year, says FM Sitharaman

Nirmala Sitharaman, the Finance Minister, has announced a 30% tax on the revenues of virtual/digital assets.

Feb 01, 2022, 13:02 PM IST

Budget 2022: GST collections in Jan 2022 at Rs 1,40,986 crores highest since GST’s inception

Sitharaman said that the gross GST collections for the month of January 2022 at Rs 1,40,986 crores are the highest since the inception of GST. 

Feb 01, 2022, 12:48 PM IST

Union Budget 2022: No change in Income Tax slabs, revised ITR filing window now open for 2 years from AY

The Finance Minister however gave respite to people filing their revised Income Tax Return (ITR) by expanding the tax filing window.

Feb 01, 2022, 12:44 PM IST

Budget 2022: FM Sitharaman announces no change in income tax slab for individual taxpayers

Sitharaman made the announcement while presenting Budget 2022-23 in the Lok Sabha. 

Feb 01, 2022, 12:36 PM IST

Budget 2022: Cryptocurrencies to be taxed at 30%, says FM Nirmala Sitharaman

In India, there is currently no legislation that governs, regulates, or restricts dealing in cryptocurrencies.

Feb 01, 2022, 12:28 PM IST

Budget 2022: Revised tax filing window to be open for two years from assessment year in case of less filing of tax

Sitharaman announced that the revised tax filing window will remain open for two years from the year of assessment in case of less filing of tax.

Feb 01, 2022, 12:14 PM IST

Digital rupee to be issued by RBI using blockchain and other technologies, says FM Nirmala Sitharaman

The digital rupee will be a digital depiction of an Indian rupee supported by the Reserve Bank of India (RBI).

Feb 01, 2022, 12:08 PM IST

Budget 2022: 100% of 1.5 lakh post offices will come on core banking system, says FM Nirmala Sitharaman

The government has projected growth at 8% to 8.5% compared with an estimated 9.2% for the current fiscal year and a 6.6% contraction the previous year.

Feb 01, 2022, 12:02 PM IST

Budget 2022: 60,000 houses will be identified as beneficiaries for PM Awas Yojana

Finance Minister Nirmala Sitharaman said that 60,000 houses will be identified as beneficiaries in rural and urban areas. 

Feb 01, 2022, 12:00 PM IST

Digital university to be set up to provide education, says FM Nirmala Sitharaman

"Digital university to be set up to provide education; to be built on hub and spoke model," said FM Nirmala Sitharaman. 

Feb 01, 2022, 11:59 AM IST

Budget 2022: e-Passports will be rolled out in 2022-23, says FM Nirmala Sitharaman

The passport jacket will include an electronic chip with vital security information encoded on it.

Feb 01, 2022, 11:47 AM IST

Budget 2022: Big boost for MSMEs as ECGLS benefits extended to March 2023

The Emergency Credit Line Guarantee Scheme (ECLGS) has been extended till March 2023. 

Feb 01, 2022, 11:41 AM IST

Budget 2022 Key Announcements: RBI to issue blockchain-based Digital Rupee, announces FM Sitharaman

Finance Minister Nirmala Sitharaman is presenting the Union Budget 2022 in the Lok Sabha. 

Feb 01, 2022, 11:24 AM IST

Budget 2022: FM Nirmala Sitharaman hails India’s Covid-19 vaccination drive, says it has ‘helped greatly’

“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'll continue with strong growth,” said Nirmala Sitharaman. 

Feb 01, 2022, 11:21 AM IST

Share bazar witnesses bounce ahead of budget presentation

The share bazar has witnessed a bounce prior to budget presentation.

Feb 01, 2022, 11:18 AM IST

Finance Minister Nirmala Sitharaman wears rusty brown saree for her fourth budget presentation

Because of Covid limitations, there was no traditional "halwa ritual" this year, in which the Finance Minister and others eat halwa the day before the Budget.

Feb 01, 2022, 11:11 AM IST