Skip to main content

Union Budget 2022: Key Highlights; will it propel post pandemic Economic Growth?

 The Union Budget 2022–23 was introduced in Parliament by Finance Minister Nirmala Sitharaman on February 1. Numerous policies were put in place for various industries with the goal of fostering growth in the face of high and rising inflation. However, not many adjustments were made to the personal income tax system, and there were no significant populist giveaways in the Union Budget of 2022.

Union Budget 2022: Top Highlights

Here are the main points of the Budget 2022, as stated by Finance Minister Nirmala Sitharaman.

  •  The entire amount spent by the government grew by 4.8% to 39.5 lakh crore.
  • Income from the purchase or sale of virtual and digital assets, such as cryptocurrencies, is subject to a 30% tax.
  • Income Tax Slabs remain the same.
  • Within a two-year interval, taxpayers can file revised income tax returns.
  • A 15% cap has been placed on the long-term capital gains surcharge.
  • A Gati Shakti Master Plan for expressways would help move people and products more quickly. To facilitate simple financing for the industry, a data center, and an energy storage system will be accorded infrastructure status.
  • The Reserve Bank of India will launch a digital rupee around 2022–2023
  • Within the upcoming fiscal year, the country will roll out 5G mobile services.The public will have additional convenience with the introduction of e-Passports with embedded chips the following year. Battery swapping will be implemented, significantly boosting the electric vehicle industry.

Comments

Post a Comment

Popular posts from this blog

  India is not prepared for electric automobiles, unfortunately. The absence of infrastructure for electric vehicles is the main problem. India's lack of a well-organized charging station infrastructure restricts travel. Power theft costs India more than $16 billion annually and is a very prevalent occurrence. The progress will be hampered if such a large amount of money is lost to electricity theft. Power outages will be detrimental because electricity will be used to power the entire system. Today, power outages occur in India's large cities as well as villages and other places. Compared to a fuel-powered vehicle, an electric vehicle's top speed is significantly lower.
1 comment
Read more

How to Increase Your Confidence and Self-Esteem Via the Magic of Positive Self-Talk

Do you ever catch yourself criticising yourself? Although self-doubt and negative self-talk are frequent, it's crucial to learn how to overcome them and increase your confidence. Speaking kind things to yourself is one of the most effective strategies to do this. Start by deliberately replacing negative ideas with positive affirmations whenever they appear. Say to yourself, for instance, "I am well-prepared and capable of presenting a great presentation" if you're feeling nervous before giving a presentation. By being grateful, you can increase your confidence further. Every day, take a moment to think about your accomplishments, relationships, and other good aspects of your life. Changing your perspective to one of enjoying the positives will help you stop concentrating on the bad. It's also crucial to set reasonable objectives and recognise your successes, no matter how minor they may seem. This might give you motivation to continue working towards your objectiv...
Post a Comment
Read more

Brazil protests: Artwork suffers damage beyond repair

Brazil protests: Artwork suffers damage beyond repair Published Share IMAGE SOURCE, GETTY IMAGES Image caption, A vandalised painting depicting a political figure lies on a room at the National Congress When thousands of rioters ransacked Brazil's monumental government buildings on Sunday, political leaders condemned the grave attack on the country's democratic fabric. In waves of green and yellow, thousands of far-right supporters of Brazil's ex-leader, Jair Bolsonaro, wreaked havoc on Congress, the Supreme Court and Presidential Palace in Brasilia, leaving a trail of destruction behind them. But the three buildings also held a rich collection of art, some of which suffered irreparable damage. The government has mourned the loss of key parts of the artistic collection, which it said represents an important chapter in its national history. IMAGE SOURC "The value of what was destroyed is incalculable because of the history it represents. The collection is a representati...
Post a Comment
Read more