Finance Minsister Nirmala Sitharaman on Tuesday presented Union Budget 2022-23. Here are the key highlights:
>India Economic Growth in FY22 to be at 9.2%, says Finance Minister
>Budget seeks to lay foundation for next 25 years: Finance Minsister
>Initiatives of Budget 2021 have seen great progress
>Committed to strenghtening ability of poor to tap opportunities
>PLI scheme in 14 sectors has received good response
>Budget 2022 to focus on PM Gati Shakti and inclusive development: FM
> Sensex gains 881 points with Budget speech underway in Parliament
> National highways to be increased by 25,000 km in FY23: FM; infra, cement stocks rise up to 6%
> Railways to offer multi-modal logistics in FY23
> PM Gati Shakti will pull forward the economy and will lead to more jobs and opportunities for the youth Masterplan will encompass the seven engines of economic transformation
> Budget 2022: Govt to pay Rs 2.7 lakh cr as MSP to farmers, says FM
> ECLGS to be extended to March 2023: FM
> Budget 2022: National Digital Health Ecosystem to be launched
> 400 new-gen Vande Bharat trains will be developed and manufactured over the next 3 years. This step is positive for players supplying steel and stainless steel for coach body.
> FM allocates Rs 60,000 crore for Jal Se Nal Yojna; Plastic pipe stocks rise up to 4% on announcement
> FM says to focus on EVs, ZERO FOSSIL FUELS; To launch battery swapping policy, To set up charging stations at scale, To promote a shift to public transport in urban areas
> Budget 2022: Rs 48,000 crore allotted for PM housing plan
> To launch PLI scheme for 5G equipment
> 68% of defence capex to be reserved for domestic companies
> FY23 capital expenditure set at Rs 7.5 lakh crore, up 35.4% YoY
> India to launch sovereign green bonds
> Digital rupee to be introduced using the Blockchain technology
> FY23 FISCAL GAP SEEN AT 6.4% of GDP
> Govt to give tax relief to differently abled people
> Govt to replace SEZ Act with new legislation to enable States partner with the industry
> Any income from transfer of virtual digital assets to be taxed at 30%
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