Budget 2022 Live Updates: Modi hails Nirmala Sitharaman for a people-friendly and progressive Budget

Effective Capital Expenditure of the Central Govt is estimated at Rs 10.68 lakh crores in 2022-23, about 4.1% of GDP: FM Nirmala Sitharaman

Implementation of Ken Betwa Linking project at est. cost of Rs. 44,605 Cr. to be taken up with irrigation benefits to 9.0 lakh hectare farmland, drinking water to 62 lakh people, 103 MW hydropower. 27 MW solar power generation

Rs 1400 crores allocated in 2022-23: FM 

68% of the capital procurement budget for Defence to be earmarked for domestic industry to promote Aatmanirbharta and reduce dependence on imports of defence equipment. This is up from the 58% last fiscal: FM Nirmala Sitharaman

To reduce the delay in payment, an online bill system to be launched which will be used by all Central ministries: FM Nirmala Sitharaman

SEZ (Special Economic Zones) Act will be replaced with new legislation...for the development of enterprise and hubs... It will cover the existing industrial enclaves and enhance the competitiveness of exports: FM Nirmala Sitharaman

Animation, Visual Effects, Gaming and Comics (AVGC) sector offers immense potential to employ youth. An AVGC promotion task force with all stakeholders will be set up to recommend ways to realise this and build domestic capacity for serving our markets and the global demand: FM

Fund to be facilitated through NABARD to finance startups for agriculture and rural enterprise, relevant for farm produce value chain. Startups will support FPOs and provide tech to farmers: FM Nirmala Sitharaman

Use of Kisan Drones to be promoted for crop assessment, digitization of land records, spraying of insecticides and nutrients: FM Nirmala Sitharaman

To promote a shift to the use of public transport in urban areas...special mobility zones with zero fossil fuel policy to be introduced...Considering space constraints in urban areas, a 'Battery Swapping Policy' will be brought in: FM FM Nirmala Sitharaman

400 new generation Vande Bharat trains with better Energy Efficiency and passenger riding experience to be manufactured in next three years: FM Nirmala Sitharaman