Page 138 - Nirmala Sitharaman

FM Sitharaman's fourth Budget: Boost to credit for digital infra

Sitharaman has given infrastructure status to data centre and energy storage system, a move that will facilitate credit availability for digital infrastructure

FM Nirmala Sitharaman invokes Mahabharata; Mallikarjun Kharge hits back

Invoking a verse from the epic Mahabharata, Nirmala Sitharaman announced steps to further simplify the tax system and promote voluntary compliance.

People should desist from making uninformed comments: FM on Rahul's remarks

Nirmala Sitharaman took a swipe at Rahul Gandhi for what she called as making uninformed comment on the budget and said he should first implement what he preaches in states governed by his party.

Budget 2022: Govt subsidies to fall 39% to Rs 4.3 trn in FY22

For the next fiscal, the government said total subsidies are estimated to further decline to Rs 3,17,866 crore from Rs 4,33,108 crore in the current fiscal

LIVE: This Budget brings more infra, more growth and more jobs, says PM

Budget 2022 LIVE updates: Finance Minister Nirmala Sitharaman presented the annual Union Budget 2022-23 in Parliament today. Follow Business Standard for Budget highlights

Budget: There was room for more direct support, says hospitality industry

The government has extended the ECLGS up to March 2023 and earmarked an additional Rs 50,000 cr for hospitality and related sectors

Budget 2022: Here's what will get costlier and what will be cheaper

Imported cut and polished diamonds, frozen mussels, frozen squids, asafoetida, cocoa beans, methyl alcohol and acetic acid will become cheaper as a result of rationalisation in customs duties

Budget 2022: Centre lowers FY23 divestment target to Rs 65K crore

The Centre had planned major divestments and strategic sale of Air India, BPCL, public sector banks, an insurance company amongst others

Budget 2022: Govt pegs STT collection at Rs 20,000 cr for FY23

The sharp increase in budget estimate for the next fiscal could be on account of government's confidence in the securities market

Budget 2022: Govt allocates Rs 3,050 crore to Ministry of Ayush

The Ministry of Ayush has received an allocation of Rs 3,050 in the Union Budget 2022-23, a slight increase of 2.69 per cent from 2021-22 when Rs 2,970 crore was earmarked for it.

Budget 2022: Growth-oriented and transformative, says CII Director General

'We are confident that the growth projection made by the Economic Survey at 8-8.5 per cent in 2022-23 will be met,' the CII DG Chandrajit Banerjee averred

Industry hails infrastructure push through Gati Shakti, PPP in Budget

Industry players on Tuesday hailed the announcements for the infrastructure sector in the Union Budget and said the proposal to fund infrastructure through 'Gati Shakti' and public private partnerships will mark the escalation of economic prosperity. Finance Minister Nirmala Sitharaman on Tuesday presented the Union Budget 2022 in Parliament. "One of the strongest parts of this Budget is the government's renewed commitment with its continued investment in strengthening the country's infrastructure. The proposal to fund infrastructure through PM Gati Shakti, Public Private Partnerships, etc. will mark the escalation of economic prosperity. "Overall, the budget seems to have given a booster dose to facilitate faster economic growth of the nation; roads is definitely one of the prominent sectors to get deserved focus through adequate funding," IRB Infrastructure Developers Chairman & Managing Director Virendra D Mhaiskar said. According to EY India Tax Partner Infrastructure Samir ..

Budget 2022: Didn't raise taxes, capex to provide more employment, says FM

FM pointed out that the 'Production Linked Incentive' scheme for 14 sectors will also be a trigger for job creation

Budget 2022: 'Focus on multi-modal connectivity to boost logistics sector'

Finance Minister Nirmala Sitharaman in her Budget speech on Tuesday said the PM Gati Shakti National Master Plan is a transformative approach for economic growth and sustainable development

Budget 2022: Consumer electronics players lament no reduction in GST

Consumer electronics manufacturers were left disappointed on Tuesday as there was no concession or GST rationalisation on smart TVs and other products in the Union Budget 2022-23.

Budget 2022: Taxpayers can file updated I-T returns within two years

The Finance Minister said this would give taxpayers an opportunity to correct any omissions or mistakes in correctly estimating their income for tax payment

Budget 2022: Govt raises farm credit target to Rs 18 lakh cr for FY23

About Rs 7.36 lakh crore agri-credit has been disbursed to farmers during the first six months of the 2021-22 fiscal year against the target of Rs 16.50 lakh crore, according to the Economic Survey

Budget 2022: Very little mention of health care sector, says Naresh Trehan

Earlier on Tuesday, Finance Minister Nirmala Sitharaman while presenting the budget 2022-2023 announced the rollout of an open platform for the national health ecosystem

Budget 2022: Rs 2,600 cr for office buildings in Central Vista project

The Housing and Urban Affairs Ministry has been allocated Rs 2,600 crore in Budget 2022-23 for the construction of non-residential office buildings of the Central Vista project, including the Parliament and Supreme Court. This is Rs 767.56 crore more than Rs 1,833.43 crore given in the last fiscal. The redevelopment project of the Central Vista -- the nation's power corridor -- envisages a new triangular Parliament building, a common central secretariat, revamping of the three-kilometre Rajpath boulevard that stretches from Rashtrapati Bhavan to India Gate, a new prime minister's residence and a new Prime Minister's Office as well as a new Vice President's Enclave. A sum of Rs 2,600.99 has been been allocated for the construction of non-residential office buildings, including the Parliament and Supreme Court of India. For residential purposes, the ministry has been given Rs 873.02 crore. Six infrastructure firms, including Tata Projects Limited, L&T Limited and Shapoorji Pallonji .

Budget 2022: 'Push to infra to have multiplier effect on core sectors'

This is likely to have a multiplier effect on the core sector industries like steel and cement, and in turn give a to boost the domestic refractory industry, IRMA said in a statement