The G20, or Group of Twenty, is an international forum of 19 countries and the European Union. The G20 represents the world's major economies and brings together leaders from these countries to discuss and coordinate global economic and financial issues. The member countries include Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, and the United States. The G20 accounts for around 85% of the global gross domestic product (GDP) and two-thirds of the world's population. The G20 holds annual summits where leaders discuss various issues, including economic growth, international trade, financial regulation, and climate change.
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 fa...

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