Sunday, 15 May, 2022
TopicUnion Budget

Topic: Union Budget

PM Modi appeals to stakeholders to speed digital varsity set up, says it’ll solve ‘problem of seats’

PM was speaking at webinar organised by Education Ministry to discuss implementation of this year’s education budget. Digital University was part of announcements for education budget.

Why Modi govt is betting on the construction sector to rebuild economy & create jobs

The big capex push will not only create productive assets, but also more jobs. This, in turn, will create sustainable demand as well as crowd in private investment and push growth.

LIC IPO inflow will be larger than budgeted, ‘done’ by March this year: Economic Affairs Secy

So far, the govt has raised Rs 12,029 cr from disinvestments in FY22, Budget has revised target down to Rs 78,000 cr. Assumption is that the rest will be brought in via LIC IPO.

100 Gati Shakti cargo stations will address logistical challenges in long run: Exporters’ body

Federation of Indian Export Organisations chief A. Sakthivel also hopes the upcoming foreign trade policy will tackle overseas marketing of exports & transport subsidies of agri exports.

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%.

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.

Economic Survey forecasts 8-8.5% GDP growth in 2022-23, below IMF projection of 9%

Global economic environment a concern with inflation becoming an issue across the world, says Economic Survey 2021-22, tabled by Finance Minister Nirmala Sitharaman in Parliament.

Indians want agriculture, roads infra as top focus in FM Sitharaman’s FY23 Budget, survey shows

On development front, 33% Indians want agriculture to be top focus while 31% prefer roads & highways to be the key area, the survey says, adding 47% seek health focus on social front.

Highways budget could jump 30% to Rs 1.8 lakh crore as Modi govt set to continue infra push

FM Sitharaman is likely to raise NHAI capex, but its borrowings from external sources will be curtailed. Highways asset monetisation's plans are on track.

Jobs in formal sector, bond market reforms — how Budget 2022 should respond to K-shaped recovery

Budget should offer immediate relief to people worst hit during pandemic, focus on public investment in infrastructure, continue disinvestment plans for PSUs.

On Camera

YourTurn

A still from Severance | Apple TV+

Apple TV’s ‘Severance’ takes work-life balance to brain-altering extreme. It’s no utopia

In Severance, an employee has no recollection of their personal life at the workplace and vice versa. In a post-pandemic world, it may seem ideal, but it’s not.
Congress leader P. Chidambaram addresses a press conference at the 'Chintan Shivir' in Udaipur | Photo: Suraj Singh Bisht | ThePrint

30 years after liberalisation, Congress calls for economic reset at ‘Chintan Shivir’

Former finance minister Chidambaram called it a ‘step forward post-liberalisation’. It’s significant because it was a Congress government that brought in liberalisation in 1991.   

Defence

File photo of Pakistan PM Shehbaz Sharif speaking in the National Assembly | ANI

India expects ‘nothing dramatic’ from new Pakistan govt, ‘terror must stop for normalisation’

With Shehbaz Sharif government in power now, there's speculation that ties between India and Pakistan, which worsened after Balakot air strike, could see major improvement.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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