Budget Live! Sitharaman introduces Finance Bill 2022

 Tue, 01 February 2022
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13:42

Sitharaman introduces Finance Bill 2022

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Union Finance Minister Nirmala Sitharaman introduced the Finance Bill 2022 in Parliament on Tuesday following which the Lok Sabha has been adjourned till tomorrow. The Finance Bill 2022 will give effect to the financial proposals of the central government for the financial year...
12:34

FM concludes, leaves personal tax untouched

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Finance Minister Nirmala Sitharaman concludes her Budget speech.Her speech lasted for 90 minutes.One of the highlights of her fourth Budget is that personal taxation slabs have been left untouched.
12:26

TDS limits for state govt employees raised to 14%

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Among other announcements made by Finance Minister Sitharaman are: Both Centre and states govt employees' tax deduction limit to be increased from 10% to 14% to help the social security benefits of state govt employees and bring them at par with the Central govt employeesAny income from...
12:21

Surcharge on LTCG capped at 15%

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Finance Minister Nirmala Sitharaman announced that the surcharge on long term capital gains on transfer of assets will now be capped at 15%Corporate surcharge is also being reduced from 12% to 7%, she added
12:17

Data storage, energy solutions get infra status

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Among other announcements made by Finance Minister Sitharaman are: For 2022-23, allocation is Rs 1 lakh cr to assist the states in catalysing overall investments in economy. These 50-yr interest-free loans are over and above normal borrowings allowed to states. It will be used for PM Gati...
12:09

Taxpayers can now file updated returns

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Taxpayers can file updated returns within two years of relevant assessment year for a fee, Finance Minister Nirmala Sitharaman announed.
12:07

Voluntary exit for corporates cut to 6 months

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Other announcements made by Finance Minister Sitharaman are: Low carbon development strategy opens up employment opportunity   Rs 19,500 cr additional allocation for PLI for manufacturing high efficiency solar modules has been made   Contracts for laying of optical...
12:01

RBI to issue digital rupee in 2022-23

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Reserve Bank of India to issue digital rupee in 2022-23 using blockchain technology, Finance Minister Nirmala Sitharaman has announced.
12:00

E-passport with embedded chip to be rolled out

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Among other announcements made by Finance Minister Sitharaman are: A completely paperless, e-bill system will be launched by ministries for procurement 5 existing academic institutions for urban planning to be designated as Centre for Excellence with endowment fund of Rs 250...
11:56

All post offices to be linked to banks

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All post offices to be linked with Core Banking Solution to push financial inclusion, Finance Minister Sitharaman announced in her Budget speech on Tuesday, and 75 digital banks in 75 districts will be set up by scheduled commercial banks to encourage digital payments.Among other announcements...
11:52

Special economic zones to be replaced: FM

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Special Economic Zones to be replaced with new legislation, announced Sitharaman, for the development of enterprise and hubs. It will cover the existing industrial enclaves and enhance the competitiveness of exports.Among other announcements made by her are: 2 lakh Anganwadis to be...
11:42

National digital health platform to be rolled out

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An open platform for the National Digital Health Ecosystem will be rolled out. It will consist of digital registries of health providers and health facilities, unique health identity and universal access to health facilities, Sitharaman announced. Our government has...
11:39

Livelihood boost for women, youth in NE:FM

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PM development initiatives for the North-East will be implemented for the North Eastern Council, which will enable livelihood activities for youth and women. The scheme is not a substitute for the existing Centre or state schemes, Sitharaman announced.
11:28

ECLGS scheme to be extended till March 23

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Among other announcements made by Finance Minister Sitharman in her Budget speech are: Railways will develop new products for small farmers andMSMEs.Contracts for multi-modal parks at 4 locations to be awardednext fiscal. ECLGS scheme to be extended till March 2023 and guaranteecover...
11:23

National highways to be extended by 25,000 km in 22-23

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Among other announcements made by the finance minister in her budget speech are:National Highways will be extended by 25,000 km during 2022-23.One product one railway station will be popularised, 400 new Vande Bharat trains to be introduced.Strategic buyers for NINL have been selected.National...
11:19

PLI scheme has potential to create 60 lakh jobs: FM

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The Production Linked Incentive (PLI) scheme for achieving AatmaNirbhar Bharat has received excellent response, with the potential to create 60 lakh new jobs and additional production of 30 lakh crore during next years, Sitharaman says in her Budget speech.
11:17

Budget to steer India for 25 years: FM

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Strengthening of health infra, speedy vaccination programme implementation and nationwide resilient response to current wave of Covid pandmic are evident to all, says Sitharaman in her Budget 2022 speech.Budget 2022 seeks to lay the foundation to steer the economy over Amrit Kaal of next 25...
11:07

India's growth highest among large economies: FM

India's economic growth in the current year is estimated to be 9.2%, the highest among all large economies, Sitharaman tells Parliament.
11:04

In the midst of an Omicron wave, says FM

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FM Nirmala Sitharaman begins her Budget speech with empathising with those who have suffered the effects of the pandemic. 'We are in the midst of an Omicron wave,' she tells Parliament. We are however in a strong position to withstand the impact, Sitharaman says.
10:59

Sitharaman begins reading out Budget speech

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Finance Minister Nirmala Sitharaman begins her keenly-awaited Budget speech in Parliament. This is Sitharaman's 4th Union Budget, and the Narendra Modi government's 10th Budget. The Budget documents usually include the finance minister's speech in Parliament, highlights, annual...
10:43

Union Cabinet approves Budget 2022

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The Union Cabinet at its meeting in Parliament has approved the Uinon Budget 2022-23 to be presented by Finance Minister Nirmala Sitharaman. Earlier today, Sitharaman met President Ram Nath Kovind ahead of the Budget presentation. She was accompanied by Ministers of State for Finance Pankaj...
10:36

Sitharaman carries tablet in red pouch

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Finance Minister Nirmala Sitharaman on Tuesday again took a digital tablet wrapped in a traditional bahi-khata style pouch as she headed for Parliament to present the Union Budget 2022-23 in a paperless format just like the last year. She posed for the traditional 'briefcase' picture outside...
10:30

PM Modi, other ministers arrive for Cabinet meet

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Prime Minister Narendra Modi arrives in Parliament for the Union Cabinet meeting ahead of the presentation of Union Budget 2022. Defence Minister Rajnath Singh, Union Home Minister Amit Shah, Railways, Communications and IT Minister Ashwini Vaishnaw and  Parliamentary Affairs Minister...
10:21

Key numbers to watch for in Budget 2022

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Finance Minister Nirmala Sitharaman will be presenting her fourth Budget that will aim at maintaining the world's fastest-growing economy tag for India. Here are the key numbers to watch out for in the Budget for 2022-23, which is widely expected to boost spending towards policies that...
10:17

Nirmala Sitharaman arrives in Parliament

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Union Finance Minister Nirmala Sitharaman arrives in Parliament. She will present the Union Budget2022 at 11 am today.
07:52

All eyes on Nirmala Sitharaman today

Photo: Courtesy, Adnan Abidi/Reuters
Photo: Courtesy, Adnan Abidi/Reuters
Finance Minister Nirmala Sitharaman will present the Union Budget for the year 2022-23 in Parliament today at 11 am. The Budget session of Parliament began on Monday with the address by President Ram Nath Kovind to both Houses in the Central Hall. The finance minister tabled this year's...

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