Top headlines: Budget bets on public infra; FM says no crypto legitimacy

Finance Minister claims 'overall sharp rebound and recovery' of the Indian economy from the Covid-19 pandemic

Sitharaman said the government taxing income from digital virtual assets did not give them legitimacy and that issue was being dealt separately in the planned cryptocurrency Bill.

Budget bets big on public infra: Subsidy bill falls as Covid concern eases 

While presenting the Union Budget on Tuesday, Finance Minister Nirmala Sitharaman stressed the “overall sharp rebound and recovery” of the Indian economy from the Covid-19 pandemic. Yet this optimism did not extend to the Budget’s numbers, which assumed that nominal growth in 2022-23 would be 11.1 per cent in spite of a global inflationary environment and the Economic Survey’s