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Budget 2022 reactions News

04 Feb 2022

Budget 2022 for the common man decoded! Know how it impacts your money

Impact of Budget on Salaried individuals. Hike in NPS govt contribution for state govt employees. Extension of revised ITR filing window.

02 Feb 2022

Animation Task Force to provide much-needed boost to gaming, says MPL CEO

The AVGC sector offers immense potential to employ youth, Budget 2022 said. MPL's CEO Sai Srinivas said that gaming and animation is one of those sectors that have an incredible amount of exploring potential.

02 Feb 2022

Budget short on structural reform announcements: Fitch Ratings

However, the firm noted that the boost is short on major growth-enhancing structural reform announcements. The planned acceleration in the infrastructure capex drive will likely provide a fillip to near- and medium-term growth if fully implemented.

02 Feb 2022

Sovereign green bonds, battery swapping to help in achieving renewable energy

Sitharaman presented the Union Budget 2022. She noted that with Budget 2022, the government will promote energy transition and climate action. Das said that the next one or two years are going to be a net positive for the industry as a whole.

02 Feb 2022

Budget 2022 lays down road map for an ‘Aspirational India', says Meesho CEO

Aatrey said that Union budget 2022 is forward-looking and inclusive. He says Budget 2022 lays down the road map for an ‘Aspirational India’.

02 Feb 2022

What is a Digital Rupee and how it will fuel India’s growth? Explained

The government will control the pricing of the digital rupee. CBDC will give a big boost to the digital economy, said Budget 2022 document. Digital Rupee using blockchain issued by the RBI will familiarise Indians with the benefits and efficiency of virtual currency.

02 Feb 2022

Crypto tax regime indicates future of cryptocurrencies in India?

The decision to tax digital assets came as a major setback for the existing crypto investors in the next financial year and might discourage investments in cryptocurrencies.

01 Feb 2022

Union Budget 2022: Sitharaman invokes Mahabharata; Kharge hits back

Nirmala Sitharaman announced steps to simplify the tax system and promote voluntary compliance While doing this, she quoted from Mahabharata Sitharaman said quoting from Shanti Parva in Mahabharata

01 Feb 2022

Budget 2022: Hospitality industry terms Union Budget as ‘disappointing'

Sitharaman had acknowledged that hospitality firms are yet to regain their pre-pandemic level of business. NRAI President Kabir Suri, however, said the extension of the Emergency Credit Line Guarantee Scheme (ECLGS) till March 2023 may ease current liquidity issues. Suri said the restaurant industry was eagerly looking at some immediate liquidity support like restoration of input tax credit (ITC) on GST.

01 Feb 2022

Disappointment on Income tax, 30% tax on virtual currency -- Decoding Budget

No respite on Income Tax slab. Revised ITR filing window increased. Move aimed to help in case of less filing of tax.

01 Feb 2022

NPAs coming down, banks getting money back of those who've fled country: FM

Atmanirbhar Bharat Package saved the jobs of a lot of people: Nirmala Sitharaman NPAs in banks are coming down: Union Finance Minister

01 Feb 2022

Have not tried to earn even a single paisa by increasing tax this year: FM

No respite on Income Tax slab. Revised ITR filing window increased. Move aimed to help in case of less filing of tax.

PM Gati Shakti Master Plan

01 Feb 2022

PM Gati Shakti Master Plan will give big boost to warehousing, logistics

Sitharaman said that the plan will facilitate the faster movement of people and goods. She added that the National Highway network will be expanded by 25,000 km in 2022-23.

01 Feb 2022

Amit Shah calls Budget 2022 'visionary', says it will make India self-reliant

Reducing the fiscal deficit target from 6.9% to 6.4% is a huge achievement: Amit Shah The Home Minister termed the Budget 2022 "Aatmanirbhar Bharat Ka Budget"

01 Feb 2022

Budget 2022: ECLGS extension, Ease Of Doing Business 2.0 to bolster MSMEs

Setting up of the long-awaited bad bank will ease the bad loan burden, said Religare Enterprises' Rashmi Saluja. Saluja added that the Rs 20,000 crore capital infusion into public sector banks will allow more room for provisioning of bad assets.

01 Feb 2022

Experts laud FM for raising the capital expenditure to Rs 7.50 lakh crore

In terms of economic support, especially on infrastructure and taxation fronts, the Union Budget 2022 has delivered along expected lines, believe experts.

01 Feb 2022

Budget 2022: Kisan drones, services in PPP mode to open doors for agriculture

Ritwik Bahuguna said that chemical-free farming should be promoted across the country. He added that post-harvest value addition for key commodities requires targeted production linked incentives. Kunal Kislay said technological intervention in the agricultural sector will open a new door of opportunities for agritech.

03 Feb 2022

Banking experts say, Budget proposals will provide opportunities for debt

Governmentt’s focus on empowering citizens and providing impetus to digital means of banking will accelerate the digital and financial inclusion of the masses, say experts.

Budget 2022 reactions

01 Feb 2022

Budget brings in new hopes and opportunities for people, says PM Modi

"There is also a new provision of green jobs; the budget ensures a bright future for youth," PM Modi said Modi also said, "The response of common man (to Budget 2022) has increased manifold our eagerness to serve people" Finance Minister Nirmala Sitharaman on Feb 1, 2022, unveiled a bigger Rs 39.45 lakh crore Union Budget

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