“The Fiscal Deficit in 2022-23 is estimated at 6.4 per cent of GDP, which is consistent with the broad path of fiscal consolidation announced by me last year to reach a fiscal deficit level below 4.5 per cent by 2025-26” announced the Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman, while presenting the Union Budget 2022-23 in the Parliament here today. Further, the Revised Fiscal Deficit in the current year is estimated at 6.9 per cent of GDP as against 6.8 per cent projected in the Budget Estimates. Fiscal Deficit The Finance Minister stated that while setting the…
Author: Aruna Sharma
While presenting the Union Budget 2022-23 in Parliament today the Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman announced that the skilling programmes and partnership with the industry will be reoriented to promote continuous skilling avenues, sustainability, and employability. The National Skill Qualification Framework (NSQF) will be aligned with dynamic industry needs. Digital Ecosystem for Skilling and Livelihood – the DESH-Stack eportal – will be launched. This portal aims to empower citizens to skill, reskill or upskill through on-line training. It will also provide API-based trusted skill credentials, payment and discovery layers to find relevant jobs and entrepreneurial…
The Government proposes to permit taxpayers to file an updated return on payment of additional tax within two years from the end of the relevant assessment year announced the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman while presenting the Union Budget 2022-23 in the Parliament today. She said this would give taxpayers an opportunity to correct any omissions or mistakes in correctly estimating their income for tax payment. She pointed out that currently, if the department finds out that some income has been missed out by the assessee, it goes through a lengthy process of adjudication, the new…
केन्द्रीय वित्त एवं कॉरपोरेट कार्य मंत्री श्रीमती निर्मला सीतारमण ने आज संसद में केन्द्रीय बजट 2022-23 पेश करते हुए कहा कि सरकार का उद्देश्य अमृत काल के दौरान ऊर्जा संक्रमण और जलवायु परख कार्य को बढ़ावा देने के दृष्टिकोण पर आधारित है। वित्त मंत्री ने इस दृष्टिकोण पर जोर दिया और देश को आगे ले जाने के लिए इसे प्रमुख प्राथमिकताओं में से एक बताया। ऊर्जा संक्रमण और जलवायुपरक कार्य केन्द्रीय वित्त मंत्री ने अपने बजट भाषण के दौरान कहा, ‘’जलवायु परिवर्तन के जोखिम सबसे बड़ी बाहरी नकारात्मकताएं हैं जो भारत तथा अन्य देशों को प्रभावित करती हैं।‘’ उन्होंने प्रधानमंत्री द्वारा…
An allocation of Rs. 60,000 crore has been made to cover 3.8 crore households in 2022-23 under Har Ghar, Nal Se Jal Scheme. Presenting the Union Budget 2022-23, the Minister for Finance and Corporate Affairs, Smt Nirmala Sitharaman said that since 2014, the government’s focus has been on empowerment of citizens, especially the poor and the marginalized. Measures have included programmes that have provided housing, electricity, cooking gas and access to water. Giving more details, the Finance Minister said that the current coverage of Har Ghar, Nal Se Jal is 8.7 crores, out of which 5.5 crore households were provided tap water…
The Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman today announced the introduction of Digital Rupee to be issued by the Reserve Bank of India starting 2022-23. Presenting the Union Budget 2022-23 in the Parliament here today, the Finance Minister said that the Central Bank Digital Currency (CBDC) will give a big boost to digital economy. Digital currency will also lead to a more efficient and cheaper currency management system, the Minister stated. The Digital Currency will use block chain and other technologies. Digital Banking: Smt Nirmala Sitharaman said that in recent years, digital banking, digital payments and fintech innovations have…
“This Budget seeks to lay the foundation and give a blueprint to steer the economy over the Amrit Kaal of the next 25 years – from India at 75 to India at 100”. The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, laid this vision, while presenting the Union Budget 2022-23 in Parliament today. She made the announcement for the next launch of Ease of Living under Amrit Kaal. The Union Minister explained that this new phase of Ease of living will be guided by an approach comprising of the following: Active involvement of the states, Digitisation of manual processes and interventions Integration of the central and state-level systems through IT bridges.…
Acknowledging the immense potential of Sunrise Opportunities, the Union Budget presented in parliament today by Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman, has stated that supportive policies, light-touch regulations, facilitative actions to build domestic capacities, and promotion of research & development will guide the government’s approach. While presenting the budget Smt Nirmala Sitharman highlighted that for R&D in these sunrise opportunities, in addition to efforts of collaboration among academia, industry and public institutions, government contribution will be provided. She said that Artificial Intelligence, Geospatial Systems and Drones, Semiconductor and its eco-system, Space Economy, Genomics and Pharmaceuticals, Green Energy,…
(HT) It is unclear if finance minister Nirmala Sitharaman will tinker with income tax rates but there is an expectation that the exemption limit of ₹2.5 lakh will be raised. The buoyancy in tax revenues, relatively contained spending and higher nominal gross domestic product (GDP) growth is expected to have contained the fiscal deficit in the current fiscal to 6.3 per cent, below the projection of 6.8 per cent.
(Hindustan) वित्त मंत्री निर्मला सीतारमण आज देश का बजट पेश कर रही हैं। इस दौरान उन्होंने देश में 5G और ऑप्टिकल फाइबर सेवाओं को लेकर बड़ा ऐलान किया है। उन्होंने कहा कि साल 2022-23 में 5G मोबाइल सेवाओं के लिए नीलामी होगी। इसके बाद से निजी दूरसंचार कंपनियां देश में 5G सेवाओं की शुरुआत कर सकेंगी।5G सर्विस के शुरू होने के बाद यूजर अपने 5G स्मार्टफोन का और बेहतर ढंग से यूज कर पाएंगे। साथ ही 5G के आने के देशभर में इंटरनेट यूजर्स को हाई-स्पीड, नेट सर्फिंग और फास्ट वीडियो स्ट्रीमिंग का बिल्कुल नया एक्सपीरियंस होगा। वित्त मंत्री ने ऐलान किया…