- Finance Minister Nirmala Sitharaman's Budget 2022. A Big announcements in this Budget: -5G services, e-passports and tax on virtual assets are among the key announcements in this budget
- Income tax rates have been kept unchanged. Taxpayers can file updated income tax returns within two years in one-time window. There is no change to Income Tax slabs.
- The government's total expenditure has been increased by 4.8 per cent to ₹ 39.5 lakh crore.
- As many as 80 lakh houses will be completed for the beneficiaries of ‘PM Awas Yojana’ in the financial year of 2022-23, said Union Finance Minister Nirmala Sitharaman on Tuesday.
- A 30 per cent tax will apply on income from the sale or acquisition of virtual and digital assets such as cryptocurrency.
- The surcharge on long-term capital gains has been capped at 15 per cent.
- A Gati Shakti Master Plan for expressways to facilitate faster movement of people and goods. A data centre and energy storage system will be given infrastructure status to provide easy financing to the sector.
- A digital rupee will be introduced by the Reserve Bank of India in 2022-23.
- 5G mobile services will be rolled out in the country within the next financial year.
- e-Passports with embedded chips will be launched next year for more convenience to the public. In a big boost to the electric vehicles sector, battery swapping will be introduced.
- “A digital university will be established to provide access to the students across the country for world class quality universal education with personalised learning experience at their door steps,” the Finance Minister said.
- The GDP is seen to grow by 9.2% -- the quickest rate among major economies -- in the current year, with the government expecting a repeat performance in the next year with an estimated 8% to 8.5% expansion.
- Higher spending through the pandemic has brought India on the path to regain its world's fastest-growing major economy title from China in the current fiscal year. The government has the fiscal space to spend money on asset creation, and keep the economy on track for another year of world-beating 8%-8.5% expansion, the Economic Survey said on Monday.
- Taxation of virtual digital asset, any income from transfer of digital asset will be taxed at 30%, announced Finance Minister Nirmala Sitharaman on Tuesday.
- Finance Minister Nirmala Sitharaman on Tuesday proposed to introduce 400 new Vande Bharat trains and said contracts for multi-modal parks at four locations will be awarded next fiscal.
- National Oil Marketing companies have slashed the prices of 19 kg commercial LPG cylinder cost by ₹ 91.50 effective from February 1.
- The Odisha government decided to provide subsidy to electric vehicle buyers for all categories of EVs up to December 31, 2025. The decision has been taken as per the Odisha Electric Vehicle Policy 2021.For two-wheeler electric vehicles, 15% of cost of the vehicle or maximum Rs 5,000 will be provided as subsidy.
- Facebook has removed 1.93 crores of objectionable posts from its content on Tuesday. Besides, Google and Instagram have also taken strict action against objectionable content in the country.
- Odisha Chief Minister Naveen Patnaik on Tuesday said the union budget presented in the Parliament has not addressed the price rise being faced by people.
- The Union Budget 2022-23 presented by Union Finance Minister Nirmala Sitharaman is full of new possibilities for more infrastructure, more investment, more growth and more jobs, Prime Minister Narendra Modi on Tuesday.
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