Union Budget 2022 Highlights: Finance Minister Nirmala Sitharaman presented her fourth Budget today. FM Sitharaman’s Budget speech started at 11:00 am in Parliament. This is Narendra Modi government’s tenth Budget, and the second paperless budget in view of the ongoing Covid-19 pandemic situation. India’s economic growth in FY22 to be at 9.2 per cent, highest among all large economies, said FM in her address. India in a strong position to withstand challenges due to higher vaccinations, she added.
– Public issue of Life Insurance Corporation expected shortly: FM
– Union Budget seeks to lay foundation & give blueprint of economy over ‘Amrit Kal’ of next 25 years – from India at 75 to India at 100
– Budget to focus on 4 pillars – productivity, climate action, financing investments and PM Gati Shakti plan
– 400 new generation Vande Bharat trains with better efficiency to be brought in and 100 PM Gati Shakti Cargo terminals to be developed during next 3 years
– ECLGS to be extended till March 2023. The guaranteed cover will be expanded by Rs 50,000 crores to total cover of Rs 5 lakh crores to aid MSME sector financing needs
– Draft DPRs for 5 river links Damanganga-Pinjal, Par- Tapi-Narmada, Godavari-Krishna, Krishna-Pennar & Pennar-Kaveri have been finalized. Once consensus is reached among beneficiary states, centre will provide support for implementation
– 5G spectrum auction to be conducted in 2022 for rollout of 5G telecom services by private players in FY 2022-23 Read More - Click Here News Resources - www.financialexpress.com
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