Budget 2022: Finance Minister spurs spending to sustain economic recovery

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Her Budget for the fiscal year beginning April 2022 proposed a massive 35 per cent jump in capital expenditure to Rs 7.5 Union Budget 2022: Finance Minister Nirmala Sitharaman on Tuesday unveiled a bigger Rs 39.45 Also read| Check latest LIVE updates on Budget 2022 here.

Union Budget 2022| Impactful long-term growth-oriented Budget: Mohit Malhotra, CEO, Dabur

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Finance Minister Nirmala Sitharaman’s shortest Budget ever may not have met the general expectations of being a short-term consumption booster, but it surely has all the right ingredients for becoming an impactful long-term growth-oriented move.

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Budget 2022: Digital rupee from FY23

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The Union Budget for 2022-23 made a string of other announcements on digital payments, including a plan to offer netbanking to depositors with India Post and another to set up 75 digital banking units across as many districts.

Budget proposals, recent monetary policy set tone for broad-based economic revival: RBI

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The RBI article on the ‘State of Economy’ also emphasised that the domestic economic situation continues to improve, the unsettled global environment notwithstanding. Economics Budget budget news COVID19 pandemic economic recovery Latest budget News macroeconomic RBI rbi governor union budge

Union Budget 2022: Tech push for agri sector

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In her Budget speeches for 2019-20 and 2020-21, finance minister Nirmala Sitharaman referred to ZBNF as ‘innovative model for doubling farmers’ income’. To reduce import dependence, the Budget has also proposed formulation of a comprehensive scheme for boosting domestic production of oilseeds.

DPIIT to organise post-Budget webinar on economic growth on Monday

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The Department for Promotion of Industry and Internal Trade (DPIIT) on Sunday said it will organise a post-Budget webinar on Monday on creating synergies for accelerated economic growth.

Budget 2022 focuses on futuristic growth: Vidit Aatrey, CEO, Meesho

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lakh crore in the next fiscal will percolate down to the real engines of our economic growth — the MSMEs. While the Budget delivers on many fronts, achieving this completely would require a concentrated effort spanning multiple years and further reforms. Stepping up capex to Rs7.5

Why the Budget Deficit Is Falling

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The explanation is “the net result of large decreases in pandemic-related spending offset by smaller increases in other spending,” as the Congressional Budget Office puts it in its April budget summary. President Joe Biden speaks about inflation at the White House on May 10.

Budget 2022: A thumbs-up for Digital India

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The Indian technology sector saw several major announcements in the Union Budget 2022, with a few misses in the startup segment. The government’s focus on productivity and climate action will foster technology adoption and help India achieve its sustainability goals along with economic growth.

Union Budget 2022-23: Govt maintains focus on sector

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While the sizeable increase in infra spend and sectoral initiatives in Union Budget augur well, there is need for policy reforms that help create a robust private investment ecosystem. Let us now come to financing, which has been called out separately in the budget document.

Falling Markets Will Crush Government Budgets

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Are federal and state officials aware of the damage plunging markets will soon do to public budgets and finances? This isn’t a promising economic and financial outlook for capital gains. A trader works on the floor of the New York Stock Exchange, Aug. 21, 2015.

Budget 2022: FM proposes cut in customs duties on certain chemicals

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She also announced a reduction in customs duty on cut and polished diamond, gemstones to 5 per cent.Besides, she said that the government will introduce IT-driven reforms for special economic zones (SEZs) and concessional rates on capital goods, and project imports would be phased out.

Union Budget 2022: Govt raises farm credit target to Rs 18 lakh crore for FY23

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The official was briefing reporters about the Budget proposals in the presence of Finance Minister Nirmala Sitharaman here. lakh crore, according to the Economic Survey.

Budget 2022 | Delicate balance between near-term goals, blueprint for future: Chandra Shekhar Ghosh, MD & CEO, Bandhan Bank

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Budget 2022-23 has has attempted to strike a delicate balance between near-term priorities and long-term objectives by seeking to provide immediate comfort to the vulnerable impacted by the Covid-19 pandemic, and preparing a blueprint for India’s future at the same time. The new roads, ports, airports and railway network that will come up will connect India to Bharat and allow for the creation of new economic hubs, apart from the existing metros, and Tier-I and II cities.

Market gives thumbs up to Budget 2022

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The equity market witnessed some wild swings on the Budget Day, with the Sensex rebounding after losing more-than 2% from the day’s high. But unlike other Budget Days, benchmarks ended the day in the green, as investors cheered a growth-oriented Budget.

Budget & Sustainable Development Goals: The first of the million steps towards net zero

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The Budget’s hallmark lies in the courage of conviction the finance minister exhibited post-Budget during the meet-the-press and Sunday afternoon tete-a-tete with India Inc at the FICCI’s executive meet. How will this Budget be evaluated from the standpoint of sustainability?

Budget 2022: Rs 60,000cr allocated to provide tap water connections to 3.8 cr households, says FM

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Presenting the Union Budget 2022-23, she also informed that the government has decided to extend the period of incorporation by one year up to March 31, 2023, for startups to avail tax incentives. Also read| Check latest LIVE updates on Budget 2022 here.

Budget 2022 | Steering the economy — From India at 75 to India at 100: Sanjay Tolia, partner, Price Waterhouse & Co LLP

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Tthe Budget is a testimony to the fact that good voluntary tax compliance leads to better revenue collection and a stable tax regime. The FM entered Parliament to present her fourth Budget with a ‘Made in India’ tablet wrapped in a red pouch like a traditional bahi khata. In the words of the FM, the Budget sought to lay the foundation and give a blueprint to steer the economy over the Amrit Kaal of the next 25 years – from India at 75 to India at 100.

Budget 2022| Conservative budget estimates leave room for pandemic response, macroeconomic risks: Moody’s

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Union Budget 2022: Moody’s Investors Service on Friday said India’s conservative budget assumptions leave room for the government to respond to prevailing macroeconomic and pandemic risks over the next year. Mirroring the government’s conservative growth assumptions, the revised budget estimates for fiscal 2021 show revenue receipts growing only 27.2 India’s budget projects a narrowing in the central government deficit to 6.4

Union Budget can lead to more jobs, better healthcare: Saugata Gupta, CEO, Marico

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The previous year’s Budget focused on foundational measures towards a consumer-driven economy while keeping a keen eye on post-Covid recovery. The Union Budget continues the policy direction set by last year’s Budget. Also Read | Union Budget 2022: Tech push for agri sector.

Biden’s Budget Calls for Increase in Defense Spending, Including Funds for Ukraine

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trillion budget that envisions a substantial increase in U.S. WASHINGTON—President Biden on Monday released a $5.8 defense spending, a sign of the administration’s willingness to devote additional resources to military programs, including aiding Ukraine in its fight against Russian aggression.

Congress Rejects Biden’s Defense Budget

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Congress has been working on next year’s defense budget, and for the second year in a row members of both parties have rejected President Biden’s proposal as insufficient. The Biden budget asked to build eight ships but retire 24, putting the fleet on track to shrink to 280 ships in 2027 from about 300. The House and Senate will have to iron out their differences, and the money will still have to be appropriated in a budget deal.

Budget 2022: Key loan scheme for MSMEs fortified, limit hiked to Rs 5L cr

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Also Read | Budget 2022 focuses on ease of doing business for MSMEs but fails to address 90% of unorganised sector. lakh crore has been sanctioned yet, as economic recovery is dealt a fresh blow by the Omicron spread, according to banking sources.

Capex push to spur both demand and supply: Principal economic advisor Sanjeev Sanyal

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The government, however, has admittedly been more conservative in its approach in the Budget and predicted nominal growth of just 11.1% Sanyal, who was the lead author of the latest Economic Survey, said its forecast of a real GDP growth rate of 8-8.5%

Raise Residential Taxes? Bring in Casinos? Cities Look at Ways to Bolster Budgets

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Now, city leaders are looking for new and innovative ways to bolster their budgets and restore financial health longer term. Many U.S.

Rising Interest Rates Will Crush the Federal Budget

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trillion balance sheet—will increase the volume and cost of federal government borrowing, slamming the federal budget and exposing the consequences of decades of deficit spending. Given the extraordinarily low interest rates on new federal debt issued during the recent economic shutdown, federal interest costs barely increased despite the $7 trillion increase in Treasury debt. The Federal Reserve’s policies of increasing interest rates and quantitative tightening—reducing its $8.9

Budget capex not as high as it sounds: Crisil Research

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Amid FY23 Union Budget’s focus on investments, leading domestic credit rating agency Crisil on Wednesday said that the capital expenditure is “not as high as it sounds”. IEBR has been budgeted at 1.82 per cent from the budget estimate of 2.39

Budget assumptions prudent, will help macro-fundamentals to hold-up amid Ukraine tensions, says CEA Nageswaran

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Amid heightened concerns over the impact of the Russian invasion of Ukraine on the Indian economy, Chief Economic Advisor V Anantha Nageswaran on Friday said prudent budget assumptions for FY23 will ensure that the macro-fundamentals will be able to hold-up in the near-term.

Union Budget 2022-23: LPG subsidy pegged at Rs 4,000 crore

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An additional differential excise duty of Rs 2 per litre has also been introduced on unblended auto-fuels, effective October 1, 2022 in the Union Budget. Economics budget 2022 budget 2022 LPG subsidy direct benefit transfer LPG LPG subsidy nirmala sitharaman

A Budget for agri-innovation and sustainable growth — D Narain

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This Budget has continued to follow the reform initiative started a few years ago by bringing in enabling policy initiatives that will help transform the sector. Economics agriculture budget 2022 Indian agriculture indian economy union budget 2022

Budget infuses more atmanirbharta into MSMEs — Sanjay Agarwal

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The finance minister has managed the tough balancing act of spurring economic revival while also maintaining fiscal discipline. Crucially, while the Budget had a clear digital focus, it did not leave the needs of the grassroots unattended.

Economic Growth, Not Austerity, Is the Answer to Inflation

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Mr. Summers echoed the advice of his uncle, the Nobel economics laureate Paul Samuelson, who famously wrote in 1980, a time of double-digit inflation, that “five to ten years of austerity, in which the unemployment rate rises to an eight or nine percent average and real output inches upward at barely one or two percent per year, might accomplish a gradual taming of U.S.

Budget 2022: Himachal government announces to reduce age limit for pension to 60 yrs; amount hiked

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Presenting his fifth and last budget of the current government, Thakur also announced to decrease the age limit from 70 years to 60 years for availing such pension, without any income limit.

Budget makes a directional shift in expenditure mix but concerns remain, says Dr C Rangarajan

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per cent that was originally budgeted. The major thrust of the just announced Union budget is on enhancing capital expenditure. Now, the Economic Survey indicated that the real rate of growth in the coming year will be between 8 per cent and 8.5

Lyft to Pause Some Hiring and Trim Budgets, Citing Economic Slowdown

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