Page 78 - Union Budget

Union Budget reflects India's commitment on 'green future': PM Modi

Climate Action was given more importance in this year's union budget and it reflects India's commitment towards green future, Prime Minister Narendra Modi said on Saturday.

44% respondents say inflation won't come down after Budget: Survey

Some 26.7 per cent respondents said that prices may come down 'a little bit' while 22.6 per cent said prices will come down by a large extent, as per the survey

At current prices, FY23 fertiliser subsidy sufficient for 6-7 mths: Experts

However, the govt may have to infuse more fertiliser subsidy if global gas prices rise.

Budget 2022-23 'thoughtful' policy agenda for India: IMF MD Georgieva

The Union budget puts a great deal of emphasis on innovation in research and development on human capital investment and digitalisatio, Managing Director of IMF Kristalina Georgieva has said.

Budget 2022: Virtual digital assets are here to stay, says expert

'We are left with some open issues which need clarifications on the VDA', said Aravind Srivatsan

Highest ever allocation in railway for Odisha in 2022-23: Ashwini Vaishnaw

He said the Central allocation for the development railway sector in Odisha has been substantially increased during the regime of Modi government in comparison to Congress or UPA government

Will wholesale inflation fall in FY23 as the Centre expects it to?

Govt's conservative nominal GDP growth estimate suggests it expects a low-inflation, high-growth FY23. But there are potential downsides to growth & upsides to inflation, especially wholesale

A quick report card of govt's infra asset monetisation initiative

While govt has earned about 16% road and power transmission assets against an expected run rate of Rs 88,190 cr in FY22, progress in most other areas has been slow

Budget 2022: Govt allocates Rs 283.5 cr for Startup India Seed Fund Scheme

In April 2021, the government rolled out the Startup India Seed Fund Scheme (SISFS), which aims to provide financial assistance to start-ups

Rahul Gandhi thinks he is the king of India: Law Minister Kiren Rijiju

Continuing the attack on the former Congress President for alleging that the BJP government had created two Indias, Rijiju took a dig at Gandhi's frequent foreign visits

Don't blame Covid alone: $5 trn economy goal to be delayed by two years

Next three years will have to deliver 17% nominal GDP growth to take economy to $5 trn by FY25; If Budget assumption on growth is accepted, FY24 and FY25 should yield 20% growth each

400 Vande Bharat trains: Rs 40,000 cr business opportunity and jobs

Rolling out 400 Vande Bharat Express trains is about Rs 40,000 crore of business coupled with jobs and other spin-off benefits, said senior officials --present and past -- of Indian Railways

Digital currency can be exchanged for cash, says PM Narendra Modi

Addressing the 'Atmanirbha Arthavyavastha' symposium organised by the BJP, he said the central bank digital rupee will make online payments more secure and risk free and boost digital economy

ICSI, ICAI applaud Union Budget 2022; say it is forward-looking

ICSI applauded the Union Budget 2022 and said its focus on productivity, climate action, financing investment and the PM Gati Shakti plan is aimed at promoting growth

Budget lays foundation for growth in next 25 years, says Niti Aayog VC

Niti Aayog Vice-Chairman Rajiv Kumar on Wednesday said the government is taking all possible measures to ignite private investments, which will be the best bet to pull the economy out of the shadows

Bitcoin, Ethereum or NFT will never become legal tender: Finance Secretary

People investing in private crypto should understand that it is not having the authorisation of the government, says Finance Secretary T V Somanathan

India's GDP expected to grow 7.8% in FY23: Crisil report

Sitharaman's Budget proposals focused on loosening the purse strings by boosting capital expenditure and going slow on fiscal consolidation are aimed in the right direction, the rating agency said

Cryptocurrency to be taxed like gambling win, says top FinMin official

'We have now put in a taxation framework that treats crypto assets the same way we treat winnings from horse races, or from bets and other speculative transactions,' says Finance Secretary

India's growth-focused Budget sparks concerns on inflation, tighter rates

Plan to borrow record Rs 14.95 trn exceeds market estimates; high oil prices, prospect of Fed hikes contribute to worries

Cryptocurrency tax: Relief for crypto investors as Budget ushers in norms

The FM has announced a 30 per cent tax on any income from the transfer of virtual/digital assets