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Budget 2022 Live Updates: Modi hails Nirmala Sitharaman for a people-friendly and progressive Budget
Budget 2022 Live Updates: Finance minister Nirmala Sitharaman will present the fourth Budget of the Modi 2.0 government today. The stage for the Budget presentation was set by the Economic Survey stating that the government has the fiscal space to do more to support the economy that is forecast to grow at a healthy 8-8.5 per cent growth in the 2022-23 fiscal. Now, the focus of the Budget is expected to be on further accelerating India's pace of recovery from the pandemic shock along with further boosting up India's healthcare system to secure against any future outbreaks. The government will continue to spend more to aid the recovery and put India back on a trajectory of higher growth.
Live Updates
- 1 Feb 2022 12:00 PM IST
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
- 1 Feb 2022 11:53 AM IST
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
- 1 Feb 2022 11:52 AM IST
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
- 1 Feb 2022 11:52 AM IST
To reduce the delay in payment, an online bill system to be launched which will be used by all Central ministries: FM Nirmala Sitharaman
- 1 Feb 2022 11:51 AM IST
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
- 1 Feb 2022 11:49 AM IST
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
- 1 Feb 2022 11:45 AM IST
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
- 1 Feb 2022 11:45 AM IST
Use of Kisan Drones to be promoted for crop assessment, digitization of land records, spraying of insecticides and nutrients: FM Nirmala Sitharaman
- 1 Feb 2022 11:44 AM IST
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
- 1 Feb 2022 11:44 AM IST
400 new generation Vande Bharat trains with better Energy Efficiency and passenger riding experience to be manufactured in next three years: FM Nirmala Sitharaman
