In Budget 2022, FM Sitharaman labels cryptocurrencies as ‘digital assets’ and not currency, and taxes income gains from their transactions at a high 30%.
According to documents, the slash is to account for reduced Covid vaccination need, even as 2nd doses are awaited for most aged 15-18 years & vaccinations for children are yet to roll out.
The looser spending puts India on track to post one of the deepest budget deficits among major economies as nations spend their way out of the Covid-induced downturn.
Finance Minister says Gati Shakti Master Plan for expressways will be formulated to facilitate faster movement of people & goods. It will build 25,000 km of expressways in 2022-23.
FM Nirmala Sitharaman calls climate change ‘strongest negative externalities that affect India, other countries’, says focus is on reducing dependence on non-renewable energy.
In a televised statement, PM Modi added that the Budget aims to ensure pucca house, toilet, tap water and gas connection for poor households and focuses on modern Internet connectivity.
Overall defence budget for 2022-23 stands at Rs 5.25 lakh crore, up from Rs 4.78 lakh crore in 2021-22. Defence budget is 13.3% of total expenditure planned by Centre for 2022-23.
Israel's response to Iran's retaliatory attack was relatively small and also downplayed by Tehran. But there are factors that could jeopardise this perceived reprieve.
The 125 APAs include 86 Unilateral APAs (UAPAs) and 39 Bilateral APAs (BAPAs). The total number of APAs since the start of the APA programme has risen to 641, with 506 UAPAs and 135 BAPAs.
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