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  Budget 2022: Rs 5.25 lakh crore allocated for defence

  February 01, 2022 20:48 IST

  In another announcement, Finance Minister said that an independent nodal umbrella body will be set up for private players to meet their requirements for testing and new technologies and to get the certification. The overall defence budget of 5,25,166 crore including Rs 1,19,696 crore for defence pensions is an increase of 9.8 per cent compared to last year's total outlay.

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  Budget Day: Sensex rallies 848 pts, Nifty above 17,500

  February 01, 2022 18:56 IST

  Markets in China and South Korea were closed for a holiday. Stock exchanges in Europe were trading on a firm note in mid-session deals.

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  Budget 2022: Why didn't government change personal income tax rates? FM Sitharaman answers

  February 01, 2022 18:52 IST

  The basic personal tax exemption limit in the personal income tax was last revised in 2014. Notably, personal income tax is one of the most keenly awaited announcements in the Budget every year.

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  Ex-FM Chidambaram calls budget speech 'most capitalist ever', says word 'poor' occured only twice

  February 01, 2022 17:51 IST

  Chidambaram claimed that today's speech by Sitharaman was the 'most capitalist' speech made by any finance minister. 

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  'MP who ran away from UP...': Sitharaman's stinging attack on Rahul Gandhi over 'Zer0' Budget remark

  February 01, 2022 19:26 IST

  Finance Minister Nirmala Sithraman slammed Rahul Gandhi for his 'Zer0 Sum Budget' remark at Modi government saying that she will take criticism but not from someone who hasn't done his homework.

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  Budget 2022: Delhi Police allocated Rs 10,355 cr

  February 01, 2022 23:00 IST

  The Delhi Police was allocated Rs 8,654.26 crore in 2021-22.

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  Budget 2022: DESH-Stack e-portal to boost skill development; digital university to be set up

  February 01, 2022 17:25 IST

   The digital university will be built on a networked hub-and-spoke model, with the hub building cutting-edge ICT expertise. The best public universities and institutions in the country will collaborate as a network of hubs and spokes, Finance Minister Nirmala Sitharaman stated.

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  Budget 2022: Relief for startups! Govt extends tax incentives by one year

  February 01, 2022 17:28 IST

  The Finance Minister said that Startups have emerged as a growth driver for the economy. Citing the Covid-19 pandemic, she said that the tax incentives for startups are increased from three years to four years of incorporation.

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  Explained | From digital university to e-passports: Budget 2022 is a tech boost for Indian economy

  February 01, 2022 18:38 IST

  This year's budget gave further impetus to sustain India's economic and digital growth. The union budget for 2022 is expected to give a major boost to the Indian economy.

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  Budget 2022: Tax for cooperative societies reduced | Full analysis

  February 01, 2022 17:01 IST

  In order to provide a level playing field between the co-operative societies and companies, the government proposes to reduce the Alternate Minimum Tax rate for co-operative societies to 15 per cent from the current 18.5 per cent, Finance Minister Nirmala Sitharaman announced.

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  Budget 2022: Polished diamonds, gemstones to get cheaper | Details

  February 01, 2022 16:50 IST

  At present, the import duty on cut and polished diamonds and gemstones is 7.5%. After Budget 2022, the duty will be cut down to 5%.

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  Budget 2022: 80 lakh houses to be completed in PM Awas Yojana

  February 01, 2022 16:24 IST

  On Monday, the Economic Survey highlighted that 33.99 lakh houses were completed in 2020-21 and 26.20 lakh units as of November 25, 2021 under the Pradhan Mantri Awas Yojana - Gramin (PMAY-G) programme.

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  Budget 2022: Govt hikes public expenditure by 35% to Rs 7.5 lakh cr for FY23

  February 01, 2022 16:20 IST

  Presenting the Union Budget in the Lok Sabha, Finance Minister Nirmala Sitharaman said the virtuous cycle of investment requires public investment to crowd-in private investment.  

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  Mamata Banerjee criticises Union Budget 2022, calls it 'Pegasus spin'

  February 01, 2022 17:45 IST

  Finance Minister Nirmala Sitharaman presented the Union Budget in Parliament and said the country's economic growth is expected at 9. 2 per cent in the current financial year, on the back of a sharp rebound in the economy.

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  Budget 2022: Govt to set up task force on animation visual effects to promote gaming industry

  February 01, 2022 17:27 IST

  In her Union Budget 2022-23 presentation, the finance minister also said states will be encouraged to adopt Unique Land Parcel Identification Number to facilitate IT-based management of land records.

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  FY23 disinvestment receipts pegged at Rs 65K crore

  February 01, 2022 15:53 IST

  The government has mopped up Rs 12,030 crore from PSU disinvestment and strategic sale. This include Rs 2,700 crore from Air India privatisation and another Rs 9,330 crore through minority stake sale in various Central Public Sector Enterprises (CPSEs).

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  Centre to borrow Rs 11.6 lakh Crore in FY'23 to meet expenditure requirement

  February 01, 2022 15:46 IST

  Gross borrowing for the next financial year will be Rs 14,95,000 crore as against Rs 12,05,500 crore Budget Estimate (BE) for 2021-22.

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  More infra, more investment, more growth, more jobs: PM Modi

  February 01, 2022 15:50 IST

  Prime Minister Narendra Modi on Tuesday said that budget 2022 brings in new hopes and opportunities for the people. It strengthens the economy; it's full of 'more infrastructure, more investment, more growth and more jobs'.

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  Budget 2022-2023: Key Highlights

  February 01, 2022 15:45 IST

  Here are the highlights of the Union Budget for 2022-23 presented by Finance Minister Nirmala Sitharaman in Parliament.

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  Benefits all sections especially farmers, women, youth: CM Yogi on Union Budget 2022

  February 01, 2022 18:07 IST

  Uttar Pradesh Chief Minister Yogi Adityanath hailed the Union Budget 2022-23 saying Important announcements such as MSP, measures to double farmers income, 60 lakh jobs for youth, measures for women empowerment such as Mission Shakti will boost our economy.

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  Budget 2022: Govt pegs fiscal deficit at 6.9% for FY22; 6.4% for FY 23

  February 01, 2022 14:43 IST

  The fiscal deficit or the gap between expenditure and revenue was estimated at 6.8 per cent of the gross domestic product (GDP) in the current financial year ending March 31, 2022.    

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  Budget 2022: Customs duty on cut and polished diamonds, gems to be reduced to 5 pc

  February 01, 2022 14:41 IST

  Sitharaman began her presentation of Budget 2022 by expressing empathy with those who were affected by the adverse health and economic effects of the COVID-19 pandemic.

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  Cryptocurrency: India's own digital currency to come soon; how much tax it will attract | Key points

  February 01, 2022 14:36 IST

  Budget 2022: With this, India will join certain countries that have their own central bank digital currency (CBDC) that refers to the virtual form of a fiat currency. She also said Rs 1 lakh crore financial assistance to states will be provided in 2022-23 to catalyse investments.

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  Budget 2022: Rajnath Singh welcomes announcement for defence sector

  February 01, 2022 14:33 IST

  Defence Minister also welcomed FM Nirmala Sitharaman's announcement that 68 pc of the defence capital procurement budget would be allocated towards procurement from domestic industry.

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  Budget 2022: Chip embedded passport to be issued in India | What is new e-passport system

  February 01, 2022 14:42 IST

  Finance Minister Nirmala Sitharaman on Tuesday presented the Union Budget 2022-23 and announced that e-passports will be rolled out this year to enhance the convenience for citizens.

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  Budget 2022: Govt extends ECLGS scheme for MSMEs till March 2023

  February 01, 2022 14:23 IST

  To help the MSME sector become more resilient, competitive and efficient, Nirmala Sitharaman said a Raising and Accelerating MSME Performance (programme will be rolled out.

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  Nothing for middle class, poor: Rahul Gandhi slams 'M0di G0vt's Zer0 Sum Budget'

  February 01, 2022 14:16 IST

  "M0di G0vernment's Zer0 Sum Budget! Nothing for - Salaried class, Middle class, the poor and deprived, Youth, Farmers and MSMEs," Gandhi said on Twitter.

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  Budget 2022: Shashi Tharoor terms Budget 'extremely disappointing, damp squib'

  February 01, 2022 13:57 IST

  India has set a target to reduce fiscal deficit to 6.4 per cent of GDP in 2022-23 from the estimated 6.9 per cent in the current financial year, Union Finance Minister Nirmala Sitharaman said on Tuesday.