In another announcement, Finance Minister said that an independent nodal umbrella body will be set up for private players to meet their requirements for testing and new technologies and to get the certification. The overall defence budget of 5,25,166 crore including Rs 1,19,696 crore for defence pensions is an increase of 9.8 per cent compared to last year's total outlay.
The basic personal tax exemption limit in the personal income tax was last revised in 2014. Notably, personal income tax is one of the most keenly awaited announcements in the Budget every year.
Finance Minister Nirmala Sithraman slammed Rahul Gandhi for his 'Zer0 Sum Budget' remark at Modi government saying that she will take criticism but not from someone who hasn't done his homework.
The Delhi Police was allocated Rs 8,654.26 crore in 2021-22.
The digital university will be built on a networked hub-and-spoke model, with the hub building cutting-edge ICT expertise. The best public universities and institutions in the country will collaborate as a network of hubs and spokes, Finance Minister Nirmala Sitharaman stated.
In order to provide a level playing field between the co-operative societies and companies, the government proposes to reduce the Alternate Minimum Tax rate for co-operative societies to 15 per cent from the current 18.5 per cent, Finance Minister Nirmala Sitharaman announced.
On Monday, the Economic Survey highlighted that 33.99 lakh houses were completed in 2020-21 and 26.20 lakh units as of November 25, 2021 under the Pradhan Mantri Awas Yojana - Gramin (PMAY-G) programme.
Presenting the Union Budget in the Lok Sabha, Finance Minister Nirmala Sitharaman said the virtuous cycle of investment requires public investment to crowd-in private investment.
Prime Minister Narendra Modi on Tuesday said that budget 2022 brings in new hopes and opportunities for the people. It strengthens the economy; it's full of 'more infrastructure, more investment, more growth and more jobs'.
The fiscal deficit or the gap between expenditure and revenue was estimated at 6.8 per cent of the gross domestic product (GDP) in the current financial year ending March 31, 2022.
Nirmala Sitharaman on Tuesday, announced the budget for the financial year 2022-23, highlighting numerous key points including agriculture, 5G, cryptocurrency and much more. Listen to her full speech.
While giving her budget speech in the Indian parliament, Nirmala Sitharaman highlighted that the Union Govt has plans to roll out 5G services in the country in the current financial year.
Finance Minister Nirmala Sitharaman on Tuesday presented the Union Budget 2022-23 and announced that e-passports will be rolled out this year to enhance the convenience for citizens.
To help the MSME sector become more resilient, competitive and efficient, Nirmala Sitharaman said a Raising and Accelerating MSME Performance (programme will be rolled out.
Ahead of the Budget, taxpayers were expecting the announcement of changes in Income Tax slabs and rates.
Finance Minister Nirmala Sitharaman while announcing the annual budget for the financial year 2022-23, said that RBI will be launching India's very own cryptocurrency soon.
Sitharaman, who also made the second paperless budget presentation as she read the speech from a tab, also quoted a verse from Mahabharat's Shanti Parva.
The Gati Shakti - National Master Plan for Multimodal Connectivity was launched by Prime Minister Narendra Modi in October, last year. Gati Shakti -- a digital platform -- aims to bring 16 Ministries including Railways and Roadways together for integrated planning and coordinated implementation of infrastructure connectivity projects.
Finance Minister Nirmala Sitharaman said considering the constraint space in urban areas for setting up electric vehicles charging stations, a battery swapping policy will be introduced.
Presenting the Union Budget, Sitharaman said that the overall sharp rebound and recovery of the economy is reflective of India's strong resilience.
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