• Speed in coverage of vaccination has helped in economic recovery, says FM
• Sharp rebound in economy reflected in 2021-22, growth expected at 9.2%, says Finance Minister Nirmala Sitharaman
• Virtuous cycle of investment expected to revive on the back of capex and crowd in private investment: FM
• NARCL has commenced its activity, says FM
• Big private investment in infra would be guided by Gati Shakti: FM
• inclusive development, productivity enhancement, energy transition and climate action four pillars of development: FM
• PM Gati Shakti masterplan is based on 7 engines of growth: FM
• We are in midst of Omicron wave, says FM
• National Highways will be extended by 25,000 km during 2022-23
• Efforts of central, state governments leading to jobs, entrepreneurial opportunities; says FM
• Govt focus since 2014 on poor and marginalised; govt strives to provide necessary ecosystem to middle class, says Sitharaman
• One product one railway station will be popularised, 400 new Vande Bharat trains to be introduced: FM
• Strategic transfer of Air India ownership has been completed; strategic buyers for NINL have been selected, says Sitharaman
• A rationalised scheme to increase domestic oilseed production will be brought in to cut down imports, says FM
• Productivity-linked incentive schemes in 14 sectors have received excellent response; received investment intentions worth Rs 30 lakh crore: FM
• 2022-23 has been announced as International Year of Millets: FM
• This Budget continues to provide impetus to growth: FM
• Economic recovery benefitting from public investment and capital spending, says FM
• PM Gati Shakti for road transport masterplan to be finalised in 2022-23: FM
• Railways will develop new products for small farmers and MSMEs: FM
• Contracts for multi-modal parks at 4 locations to be awarded next fiscal, says FM
• 100 PM Gati Shakti terminals to be set up in next three years, says FM
• Desh stack e-portal to be launched to promote digital infra, says FM
• Implementation of Ken-Betwa rivers linking with estimated cost of Rs 44,605 cr to be taken up: FM
• Draft DPRs for 5 river links have been finalised, says FM
• Kisan Drones for crop assessment, land records, spraying of insecticides expected to drive a wave of technology in agri sector: FM
• Rs 6,000 crore programme to rate MSMEs to be rolled out over 5 years, says FM
• Startups will promoted for Drone Shakti
• 1-Class-1-TV Channel to be implemented to provide supplementary eduction to children to make up for loss of formal education due to Covid
• Hospitality services by small and medium sector yet to bounce back, says FM.
• Digital university to be set up to provide education; to be built on hub and spoke model: FM
• Recognising the importance of ‘Nari Shakti’, 3 schemes were launched to provide integrated development for women and children, says FM.
• Natural farming will be promoted along Ganga river corridor: FM.
• 2 lakh Anganwadis to be upgraded for improving child health, says FM.
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• 80 lakh affordable houses will be completed at Rs 44,000 cr under PM Awas Yojna in 2022-23 :FM
• For mental health counselling, a National Tele Mental Health Program will be launched: FM
• A new scheme called PM Development Initiative for North East to be launched:FM
• 95 per cent of 112 aspirational districts have made significant progress in health, infra, says FM.
• Villages on northern border of India will be covered under a new vibrant village programme to enhance development: FM
• All post offices to be linked with Core Banking Solution to push financial inclusion, says FM
• 75 digital banks in 75 districts will be set up by scheduled commercial banks to encourage digital payments: FM
• Data exchange among all-mode operators to be brought in on unified logistics interface platform to enable efficient movement of goods: FM.
• Next phase of ease of doing business, ease of living to be launched: FM.
• E-passport with embedded chip will be rolled out, says FM
• A high-level panel to be set up for urban planning: FM.
• 75,000 compliances have been eliminated and 1,486 union laws repealed to make it easier for businesses: FM
• Modern building by-laws will be introduced: FM.
• Govt to promote use of public transport in urban areas:FM
• Battery swapping policy to allow EV charging stations for automobiles will be framed, says FM.
• 5 existing academic institutions for urban planning to be designated as Centre for Excellence with endowment fund of Rs 250 cr: FM
• A completely paperless, e-bill system will be launched by ministries for procurement, says FM.
• Voluntary exit for corporates to be cut down to 6 months from 2 years: FM.
• 2,000 km of rail network to be brought under indigenous technology KAWACH for safety and capacity augmentation: FM.
• To reduce indirect costs for suppliers, surety bonds will be acceptable: FM.
• Spectrum auction will be conducted to roll out 5G mobile services within 2022-23 by private firms, says FM.
• 400 new generation Vande Bharat trains to be manufactured in next 3 years: FM .
• 5 pc of USO Fund to be provided for R&D and technology upgradation: FM
• Govt committed to reduce import and promote self reliance in defense sector: FM.
• 68 per cent of capital for defence sector to be earmarked for local industry: FM
• Contracts for laying of optical fibre net to all villages under BharatNet to be provided under PPP mode, says FM.
• Risks of climate change are strongest externalities for the world:FM.
• Low carbon development strategy opens up employment opportunity, says FM.
• Rs 19,500 cr additional allocation for PLI for manufacturing high efficiency solar modules has been made: FM
• 4 pilot projects for coal gasification to be set up.
• Financial support will be provided to farmers to take up agro-forestry: FM
• Outlay for capital expenditure stepped up 35.4 pc to Rs 7.5 lakh crore in FY’23: FM
• Economy has shown resilience to come out of pandemic, we need to sustain the level of growth, says FM
• Effective capital expenditure will be Rs 10.68 lakh crore, or 4.1 pc of GDP, in 2022-23, says FM
• Public investment must take lead to pump prime private investment and support demand: FM
• World-class university to be allowed in GIFT IFSC free from domestic regulation, says FM
• Sovereign green bonds to be issued to mobilise resources as part of govt’s borrowing programme: FM
• International arbitration centre will be set up in GIFT city to provide faster dispute resolution, says FM
• PE/VC invested Rs 5.5 lakh crore in startup, expert committee will be set up to suggest measures to help attract investment, says FM
• Measures will be taken to step up private capital in infra sector, says FM
• Proposed to introduce Digital Rupee by RBI using blockchain technology, starting 2022-23, says FM
• Rs 1 lakh crore financial assistance to states to be provided in 2022-23 to catalyse investments, says FM.
• In 2022-23, states will be allowed fiscal deficit of up to 4 pc of GSDP: FM.
• Data centre and energy storage system to be given infrastructure status; move to provide easy financing: FM
• In 2022-23, states will be allowed fiscal deficit of up to 4 pc of GSDP: FM.
• Fiscal deficit at 6.9 per cent of GDP in 2021-22, 6.4 per cent in 2022-23: FM
• Total expenditure in FY23 estimated at Rs 39.45 lakh cr; total resources mobilisation to be Rs 22.84 lakh cr other than borrowing: FM
• Govt vows a stable and predictable tax regime: FM.
• Govt to provide one-time window to correct omissions in ITRs filed, updated returns to be filed within 2 years, says FM
• Govt proposes to reduce Minimum Alternative Tax to 15 pc for co-op societies, at par with corporate: FM.
• Rs 60,000 cr allocated to provide tap water connections to 3.8 crore households in 2022-23
• To extend period of incorporation by 1 year up to March 31, 2023 for startups to avail tax incentives, says FM
• Govt proposes to increase tax deduction from 10% to 14% on contribution in NPS by state govts to employees: FM.
• Concessional corporate tax rate of 15 pc would be available for 1 more year till March 2024 for newly incorporated manufacturing companies: FM
• 30 pc tax on income from transfer of virtual digital assets; no deduction on expenses except cost of acquisition, loss cannot be set off: FM.
• Surcharge on long-term capital gains capped at 15 per cent: FM
• 1 per cent TDS on transfer of virtual assets above a threshold, gifts to be taxed: FM.
• Any cess or surcharge on income not allowed as business expenditure: FM
• No set off of any loss will be allowed on undisclosed income detected during search and seizure operations, says FM
• No set off of any loss will be allowed on undisclosed income detected during search and seizure operations, says FM
• GST revenues are buoyant despite the pandemic, says FM.