Observing that the IMF in its January 2022 update has lowered its global growth estimate for 2022, the report said India is the only large and major country listed by the IMF whose growth projection has been revised upwards in 2022-23.
Without naming Rahul Gandhi, the Finance Minister referred to the Congress leader's remarks on poverty to counter the criticism from Opposition leaders, including former finance minister P Chidambaram of the Budget leaving out the poor.
Replying to the general discussion on Union Budget, the minister said, "I am not going to legalize it or ban it at this stage. Banning or not banning will come subsequently, when consultations give me input".
Replying to a general discussion on the Union Budget in Rajya Sabha, the minister said, the Budget for 2022-23 fiscal year, stands for continuity, brings stability to the economy along with predictability of taxation.
Introduction of digital currency, investments in the construction of roads, railways, airports, ports, 400 new Vande Bharat trains, rural housing, and no change in income-tax slabs were among key announcements. Let's take a look at what different businesses have to say post-budget announcement.
MPs have been asked to hold a press conference in their parliamentary constituency on February 5, 6, 12 and 13 and the party officials in all the districts will promote the key points of the budget.
The Judiciary, the Election Commission, Pegasus, these are all instruments of destroying the voice of the union of states, said Congress MP Rahul Gandhi said in Lok Sabha while speaking on Motion of Thanks to President's address during Budget session 2022.
Bitcoin, Ethereum, or NFT will never become legal tender. Crypto assets are assets whose value will be determined between two people. You can buy gold, diamond, crypto, but that will have not have the value authorization by the government, Finance Secretary said.
In November 2021, Mandaviya rode a bicycle to reach Pragati Maidan to inaugurate a Health Pavilion at the India International Trade Fair and to motivate people towards health awareness and fitness amid rising pollution.
Finance Minister Nirmala Sitharaman had announced that India will launch a 'digital rupee' in 2022-23 using blockchain and other technologies.
PM Modi said the Budget has given importance to sports, budget for it has increased three times over the years and will benefit youth.
The budget has kept a target of providing 60 lakh new jobs, 80 lakh new houses under PM Awas Yojana and piped water supply to 3.80 crore households during this financial year. The budget has also focussed on the farm sector.
Finance Minister Sitharaman unveiled a Rs 39.45 lakh crore budget, with higher spending on highways to affordable housing to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic.
The Government proposed to introduce Digital Rupee, using blockchain and other technologies, to be issued by the Reserve Bank of India starting 2022-23 for more efficient and cheaper currency management system.
The Congress leader is likely to raise the issues of Pegasus, China and LAC during the debate as the party is up against the alleged snooping by the government.
The overall financial allocation for the education sector for 2022-23 has increased to Rs 1.04 lakh crore from Rs 93,224 crore (Budget estimate) in 2021-22 as the minister laid emphasis on digital modes of education to reverse learning losses caused by the coronavirus pandemic. The revised estimate for 2021-22 is Rs 88,001 crore.
"400 new generation Vande Bharat trains with better efficiency to be brought in during the next 3 years," Finance Minister Nirmala Sitharaman said today, adding, "100 PM Gati Shakti Cargo terminals to be developed during next 3 years and implementation of innovative ways for building metro systems."
NITI Aayog CEO Amitabh Kant on Tuesday said that the Union Budget is very progressive and forward-looking and prepares India for the next stage of its sustained growth.
Presently, 10 per cent ethanol, extracted from sugarcane or surplus foodgrain, is blended or mixed in petrol (meaning 10 per cent of ethanol mixed with 90 per cent of petrol) with a view to cutting oil import dependence and provide farmers with an additional source of income.
Finance Minister Nirmala Sitharaman said that overall, sharp rebound and recovery of the economy is reflective of our country's strong resilience. India's economic growth in the current year is estimated to be 9.2 per cent, the highest among all large economies.
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