Ministry of Finance BUDGET LAYS FOUNDATION AND STEERS ECONOMY FROM INDIA @75 TO INDIA @100 INCLUSIVE ECONOMIC FOCUS AND TECHNOLOGY ENABLED DEVELOPMENT IN NEXT 25 YEARS FUTURISTIC AND HOLISTIC BUDGET WITH FOUR PRIORITIES CURRENT YEAR GROWTH ESTIMATE STANDS HIGHEST AMONG ALL ECONOMIES @9.2% PM GATISHAKTI TO GUIDE BIG PUBLIC INVESTMENTS SABKA PRAYAS TOWARDS STRONG GROWTH…
TAXPAYERS CAN FILE UPDATED INCOME TAX RETURN WITHIN TWO YEARS
Ministry of Finance TAXPAYERS CAN FILE UPDATED INCOME TAX RETURN WITHIN TWO YEARS TAX RELIEF TO PERSONS WITH DISABILITY TAX DEDUCTION LIMIT ON EMPLOYER’S CONTRIBUTION TO NPS ACCOUNT OF STATE GOVERNMENT EMPLOYEES INCREASED TO 14% FROM 10% INCOME FROM VIRTUAL DIGITAL ASSETS TRANSACTIONS TO BE TAXED AT 30% NEW STEPS TO AVOID REPEAT LITIGATIONS WITH…
FOCUS ON SKILLING AND EMPLOYABILITY – NATIONAL SKILL
Ministry of Finance FOCUS ON SKILLING AND EMPLOYABILITY - NATIONAL SKILL QUALIFICATION FRAMEWORK (NSQF) TO ALIGN WITH DYNAMIC INDUSTRY NEEDS DIGITAL ECOSYSTEM FOR SKILLING AND LIVELIHOOD – THE DESH-STACK EPORTAL TO BE LAUNCHED STARTUPS FACILITATING ‘DRONE SHAKTI’ TO BE PROMOTED DIGITAL UNIVERSITY TO COME UP TO PROVIDE QUALITY UNIVERSAL EDUCATION ‘ONE CLASS-ONE TV CHANNEL’ PROGRAMME…
FISCAL DEFICIT ESTIMATED AT 6.4% OF GDP IN 2022-23
Ministry of Finance FISCAL DEFICIT ESTIMATED AT 6.4% OF GDP IN 2022-23 BROAD PATH OF FISCAL CONSOLIDATION MAINTAINED TO REACH FISCAL DEFICIT LEVEL BELOW 4.5% CAPITAL EXPENDITURE STEPPED UP BY 35.4% TO Rs. 7.50 LAKH CRORE IN 2022-23 FROM Rs. 5.54 LAKH CRORE IN 2021-22 CAPITAL EXPENDITURE OUTLAY IN 2022-23 TO BE 2.9% OF GDP…
STRATEGIC TRANSFER OF OWNERSHIP OF AIR INDIA COMPLETED
Ministry of Finance STRATEGIC TRANSFER OF OWNERSHIP OF AIR INDIA COMPLETED STRATEGIC PARTNER FOR NEELANCHAL ISPAT NIGAM LIMITED SELECTED PUBLIC ISSUE OF THE LIC EXPECTED SHORTLY NATIONAL BANK FOR FINANCING INFRASTRUCTURE AND DEVELOPMENT & NATIONAL ASSET RECONSTRUCTION COMPANY COMMENCED THEIR ACTIVITIES CENTRE FOR PROCESSING ACCELERATED CORPORATE EXIT (C-PACE) TO BE ESTABLISHED TO QUICKEN WINDING-UP OF…
RBI TO ISSUE DIGITAL RUPEE STARTING FROM 2022-23
Ministry of Finance RBI TO ISSUE DIGITAL RUPEE STARTING FROM 2022-23 DATA CENTRES AND ENERGY STORAGE SYSTEMS TO BE INCLUDED IN HARMONIZED LIST OF INFRASTRUCTURE EXPERT COMMITTEE TO STUDY SCALING UP VENTURE CAPITAL AND PRIVATE EQUITY INVESTMENT Rs. 5.5 LAKH CRORE INVESTED BY VENTURE CAPITAL AND PRIVATE EQUITY LAST YEAR BLENDED FINANCE FROM THEMATIC FUNDS…
SHARP INCREASE OF 35.4% IN CAPITAL EXPENDITURE
Ministry of Finance SHARP INCREASE OF 35.4% IN CAPITAL EXPENDITURE CAPEX IN 2022-23 MORE THAN DOUBLED FROM 2019-20 EFFECTIVE CAPITAL EXPENDITURE ESTIMATED AT Rs. 10.68 LAKH CRORE SOVEREIGN GREEN BONDS TO MOBILIZE RESOURCES FOR GREEN INFRASTRUCTURE “The outlay for capital expenditure in the Union Budget is being stepped up sharply by 35.4% from Rs. 5.54 lakh crore…
DIRECT PAYMENT OF Rs 2.37 LAKH CRORE MSP VALUE TO 163 LAKH
Ministry of Finance DIRECT PAYMENT OF Rs 2.37 LAKH CRORE MSP VALUE TO 163 LAKH FARMERS FOR WHEAT AND PADDY PROCUREMENT DURING 2021-22 SCHEME FOR DELIVERY OF DIGITAL AND HI-TECH SERVICES TO FARMERS TO BE LAUNCHED IN PPP MODE FUND TO FINANCE STARTUPS FOR AGRICULTURE AND RURAL ENTERPRISE TO BE LAUNCHED KEN-BETWA LINK PROJECT TO…
Rs. 15,000 CRORE OUTLAY FOR THE “SCHEME FOR FINANCIAL ASSISTANCE
Ministry of Finance Rs. 15,000 CRORE OUTLAY FOR THE “SCHEME FOR FINANCIAL ASSISTANCE TO STATES FOR CAPITAL INVESTMENT” IN RE 2021-22 Rs. 1 LAKH CRORE ALLOCATED TO ASSIST STATES IN CATALYSING OVERALL INVESTMENTS IN 2022-23 FISCAL DEFICIT OF 4% OF GSDP ALLOWED TO STATES The outlay for the ‘Scheme for Financial Assistance to States for…
CO-OPERATIVES TO PAY ALTERNATE MINIMUM TAX AND SURCHARGE
Ministry of Finance CO-OPERATIVES TO PAY ALTERNATE MINIMUM TAX AND SURCHARGE AT REDUCED RATE OF 15% AND 7% RESPECTIVELY INCORPORATION DATE FOR START-UPS AND NEW MANUFACTURING ENTITIES TO BE ELIGIBLE FOR TAX INCENTIVES EXTENDED BY AN YEAR LONG TERM CAPITAL GAINS ARISING FROM ALL ASSETS CAPPED AT 15% SURCHARGE AND CESS ON INCOME AND…