Friday, 2 December, 2022
TopicBudget 2022

Topic: Budget 2022

How Modi govt has given legal sanction to cryptocurrencies in India, through the backdoor

In Budget 2022, FM Sitharaman labels cryptocurrencies as ‘digital assets’ and not currency, and taxes income gains from their transactions at a high 30%.

Medical & public health spending cut due to ‘lower vaccine requirement’, Budget documents show

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.

Questions over LIC IPO as FM Sitharaman slashes asset sale target in Budget 2022

FM Sitharaman announced that she estimates Rs 78,000 crore from divestment in FY22, much lower than the Rs 1.75 lakh crore budgeted earlier.

Bonds in India tumble as Modi govt unveils record borrowing plan in Budget

Elevated bond sales will worsen debt supply worries in a year when the RBI is expected to wind back on its monetary stimulus.

Modi govt plans record Rs 14.5 lakh crore borrowing in Budget 2022 to fund growth ambitions

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.

No populism, no tax cuts, only capex & focus on infrastructure, growth in Modi govt’s Budget

The government will spend a total of Rs 39.45 lakh crore in FY23, a rise of 4.6% from the revised spending target of 2021-22 at Rs 37.7 lakh crore.

Modi govt continues infra push, Budget shows big jumps for highways, transport & tap water

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.

Green bonds, push for indigenous solar panels, EVs: Spotlight on climate change in Budget 2022

FM Nirmala Sitharaman calls climate change ‘strongest negative externalities that affect India, other countries’, says focus is on reducing dependence on non-renewable energy.

Budget 2022 ‘people-friendly, progressive’: PM Modi says it’s full of possibilities for jobs

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.

Defence procurement gets Budget boost, Modi govt hikes capital outlay to Rs 1.52 lakh crore

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.

On Camera

YourTurn

File photo of Kerala Governor Arif Mohammed Khan | ANI

Arif Mohammad Khan vs Kerala govt isn’t a new faceoff. Old cases show Governor wears two hats

Under UGC provisions, a search committee is appointed to find suitable candidates for the V-C post. Governors make their selection from among these names.

51 cow universities, old pension scheme, jobs — what RSS affiliates want from 2023 Budget

Welfare schemes and ‘self-reliance’ figure high on Sangh organisations’ wishlists for finance minister Nirmala Sitharaman ahead of the Budget, which she will present on 1 February.

Defence

A soldier with 'Arjun', a black kite trained to down enemy drones, during the Yudh Abhyas exercise being held in Auli, Uttarakhand | Suraj Singh Bisht | ThePrint

It’s a plane, no it’s a bird! Army’s training eagles & falcons to swoop down on hostile drones

The birds are also being trained for surveillance at Remount Veterinary Corps Centre in Meerut, with cameras fitted to their heads to record videos.

A Gujarat gamble: A likely reason Rahul is not giving Modi a fight this assembly election

I'd rather not buy idea that Rahul's holding his fire until 2024. More likely, Congress believes Karnataka offers best chance of winning a Gujarat-sized state if Gujarat is too challenging.