Key highlights of Budget speech* In 2022-23,... ... Budget 2022 Live Updates: Modi hails Nirmala Sitharaman for a people-friendly and progressive Budget
Key highlights of Budget speech
* In 2022-23, states will be allowed fiscal deficit of up to 4 pc of GSDP
* Rs 1 trillion financial assistance to states to be provided in 2022-23 to catalyse investments
* Proposed to introduce Digital Rupee by RBI using blockchain technology, starting 2022-23
* Measures will be taken to step up private capital in infra sector
* PE/VC invested Rs 5.5 trillion in start-up, expert committee will be set up to suggest measures to help attract investment
* Data centre and energy storage system to be given infrastructure status; move to provide easy financing
* International arbitration centre will be set up in GIFT city to provide faster dispute resolution
* World-class university to be allowed in GIFT IFSC free from domestic regulation
* Sovereign green bonds to be issued to mobilise resources as part of govt's borrowing programme
* Public investment must take lead to pump prime private investment and support demand
* Financial support will be provided to farmers to take up agro-forestry