Budget 2022 Full Update

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Union Finance Minister Nirmala Sitharaman will present the Union Budget for 2022-23 today. Nirmala Sitharaman will present the budget for the second time and for the fourth time in a row during Korona's tenure. All eyes will be on what government priorities will be in the budget and what will happen to jobs and the general public in the midst of this crisis of the Corona epidemic.

Budget 2022 Key Points


Agriculture related courses will be added in education

State governments will be encouraged to include curriculum development in their curriculum. Natural farming along the Ganges corridor will be promoted.

The length of the National Highway will be increased to 25,000 km.

The Finance Minister said that between 2022-23, the length of national highways will be increased to 25,000 km.

In the next three years, 400 Vande Bharat trains will arrive

Finance Minister Sitharaman said that 400 new Vande Bharat trains would be constructed in the next three years. Along with this a power cargo terminal with 100 PM speed will be built in the next three years. As well as 8 new rope-ways will be built.

Promise to provide employment to 60 lakh youth

Sitharaman said the budget would benefit farmers and youth. 16 lakh youth of self reliant India will be given jobs.

What's cheaper in Budget 2022?

Machines coming from abroad will be cheaper

Textiles and leather goods will be cheaper

Farming equipment will be cheaper

Mobile charger

Footwear

Diamond jewelry

What things get expensive in budget 2022 ? 

Exemption from import duty on capital goods has been reduced to 7.5 per cent.

Imitation jewelery will be expensive

Exotic umbrellas

According to the Director General (Media and Communications) of the Ministry of Finance, after meeting President Ram Nath Kovind, the Finance Minister will brief the Cabinet headed by Prime Minister Narendra Modi on the budget and then proceed to Parliament.

According to the convention, the President of India is first briefed by the Union Finance Minister on budget provisions. It is always a customary meeting, as the President does not suggest any change in the Union Budget, but the Finance Minister has to seek the President's permission before officially presenting the budget in Parliament. After meeting the President, Sitaram is scheduled to meet the Prime Minister Narendra Modi-led cabinet and brief the cabinet on the budget. The finance ministry maintains secrecy about the budget, with the finance minister obliged to maintain secrecy about budget provisions before delivering his speech.


Budget 2022 Live Update

01/02/2022 12:30:18

The common man has not got any relief on the income tax front in this budget, nor has there been any change in the income tax slab.


01/02/2022 12:28:58

The Finance Minister said during the budget speech that in January, the GST collection had reached a record level. Despite the pandemic, there has been a good jump in GST collections due to spurt in economic activities.


01/02/2022 12:26:11

Income from virtual digital assets will be taxed at 30 percent. This clearly means that cryptocurrencies will also come under its purview and income from cryptocurrencies will be taxed at 30 percent.


01/02/2022 12:24:16

Adil Shetty, CEO, BankBazaar.com, said that the budget has a clear emphasis on fintech and digitization. There is a clear emphasis on digitization, fintech and reduction of transaction costs. Senior citizens and rural people will be facilitated by making postal savings interoperable through ATM, net banking, payment app. The decision of RuPay and UPI to subsidize MDR fees is a positive step.


01/02/2022 12:13:50


The Finance Minister has announced to reduce the corporate tax from 18 percent to 15 percent. The surcharge on corporate tax has been reduced from 12 per cent to 7 per cent.


The Finance Minister's announcement that the Budget for 2022-23 will focus on mental health as part of mitigating the effects of Corona, including mental health counseling for Indian citizens through telemedicine.


Digital currency to be launched this year

Rupee. 1 lakh crore interest free loan

For the production of Solar PV modules Rs. 1500 crores. Reliance and Adani will benefit

An International Arbitration Center to be started in GIFT City, Gujarat

Battery can be exchanged in e-vehicle: In many places e-vehicle charging is not available so e-vehicle battery can be exchanged.

Promote mobile companies for research and development of 5G technology

5G will be auctioned in 2022

E-passport to be launched in 2022-23

In 2022-23, 80 lakh houses will be constructed under PM Awas Yojana, for which a fund of Rs 48 crore will be kept.

Schemes will be launched for the development of Northeast. to improve the standard of living of the people there

When India celebrates 100 years of independence, then 50% of India will live in cities

Organic farming will be promoted. State governments will be encouraged to add agriculture curriculum to their curriculum. Natural farming will be promoted along the Ganga Corridor. The credit guarantee scheme will help small businesses.

Net banking will connect the bank and post office. so that farmers and senior citizens are benefitted

Inter transfer money can be made from post office and bank

Nirmala Sitharaman said that education has suffered a lot during the Corona period. One Class One TV channel will be increased from 12 to 200 TV channels. Apart from this, he will set up a digital university. National telemetal health program for mental problems will also be started.

Startups may be encouraged to power drones

I am presenting a blueprint from 75 years of independence to 100 years.

The length of the National Highway will be increased to 25 thousand km between 2022-23.

cargo terminal

The process of linking 5 rivers will be started

400 new Vande Bharat trains to be built in next three years

After 15 minutes of speech, the finance minister drank water

Organic farming will be started in the first phase in 5 km along river Ganga.

Air India disinvestment over, LIC's IPO coming soon

This budget will be the foundation of India for the next 25 years. The economic growth rate in the coming financial year is expected to be 9.2 percent.

25,000 km of new roads to be built at a cost of Rs 20,000 crore

One station, one product concept will be introduced

"This budget will strengthen the next 25 years," he said.

Nirmala Sitharaman repeatedly mentioned about the AMRUT card in the budget

The issue of disinvestment of LIC raised in Parliament

Nirmala Sitharaman started her budget speech by mentioning the pandemic and said that India will continue its development journey.

Self-reliance scheme will create 16 lakh jobs in India


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