Budget 2022 pdf download
Union Budget 2022 pdf download : Keeping with recent tradition, Union Finance Minister Nirmala Sitharaman will announce Union Budget 2022 today, on February 1. This year will be her fourth Budget after 2019, 2020 and 2021.
Let us inform that Finance Minister Nirmala Sitharaman will present the fourth budget of her tenure on 1 February 2022 and will be paperless. Earlier, Sitharaman presented a paperless budget in 2021. Which was a historic step. The Budget 2022 documents will also be available on the Union Budget Mobile App after it is presented in the Parliament. About Rs 3 lakh crore subsidy can be given separately on food items and fertilizers in the budget. Some subsidies along with pandemic relief measures for the poor could pass the bill.
Bank of Baroda in its economic research report said that in view of the upcoming state elections, the target of the Union Budget for the financial year 2022-23 will be to spur growth and strengthen the fiscal. Gross borrowing will be maintained in the range of Rs 12-13 trillion to avoid market volatility. The projected fiscal deficit is expected to be in the range of 6 per cent to 6.25 per cent in the 2022-23 financial year. In line with the growth of 13 per cent in GDP, the Centre's net revenue in the coming financial year has increased by 12.2 per cent.
Union Budget 2022 Highlights :
Employees qualify for tax benefits. The current standard deduction should not limit the amount of money that may reduce from the work from home allowance.
The emphasis of the Union Budget session in 2022 will be on accelerating India’s recovery from the epidemic. It is also likely to place a strong focus on improving India’s educational system.
As India’s economy struggles to cope with the epidemic, the Finance Minister has leeway to tax breaks. Relief will enhance money and promote rising demand for the salaried class, which the epidemic has heavily impacted.
The finance minister started significant tax changes in her first year, slashing corporate income tax to 25% and establishing a highly competitive 15% tax rate for new manufacturing firms.
Enormous spending on healthcare initiatives and capital expenditures is forecast in the Union Budget to strengthen India’s deeper integration into the global supply chain.
The forthcoming Union Budget session, which Finance Minister Nirmala Sitharaman will deliver on February 1, 2022, will feature plans to re-ignite India’s CAPEX cycle and set a fiscal reduction strategy.
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Budget 2022 pdf download facts :
- The Finance Ministry prepares it in collaboration with other relevant ministries.
- Railway Budgets were there separately from Union Budgets until 2017.
- Since 2017, the FM has presented the Budget in the Lok Sabha on February 1 at 11 a.m. It follows the budget presentation on the last working day of February.
- The typical duration of the Budget speech is 90 minutes to 120 minutes.
- Finance Minister Nirmala Sitharaman, on the other hand, gave the most extended budget address in 2021-22, clocking in at almost 160 minutes.
- Before Sitharaman, Jaswant Singh gave the longest Budget Speech in 2003, lasting 135 minutes.
- Hirubhai M Patel holds the record for the shortest Budget speech, with just 800 words spoken in 1977.
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