Budget Live Updates



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2022-02-01T12:33 (IST)
Union Budget Live Updates 2022: Income tax rates unchanged
The government has not changed income tax rates this year.
2022-02-01T12:12 (IST)
Union Budget Live Updates 2022: National Pension Scheme (NPS)
Need parity between state and central government employees. Tax deduction on EPF for state government employees: Nirmala Sitharaman
2022-02-01T12:08 (IST)
Union Budget Live Updates 2022: Direct taxes voluntary compliance
New updated returns. Income Tax Department has made new roadmap. To correct errors by taxpayers, file updated returns within 2 years.
2022-02-02T11:55 (IST)
Union Budget Live Updates 2022: Capital expenditure raised
Capital expenditure raised by 35.40 per cent from ₹ 5.54 lakh crore to ₹ 7.50 lakh crore
2022-02-01T11:52 (IST)
Union Budget Live Updates 2022: Defence allocation
68 per cent capital for procurement for defence will be for domestic industry.
2022-02-01T11:51 (IST)
Union Budget Live Updates 2022: The 4 pillars
PM Gati Shakti, inclusive development, energy transition and financing of investments.
2022-02-01T11:50 (IST)
Union Budget Live Updates 2022: Post offices
All post offices to be linked with core banking solution to push financial inclusion.
2022-02-01T11:45 (IST)
Union Budget Live Updates 2022: 5G rollout
Spectrum auction will be conducted to roll out 5G mobile services within 2022-23 by private firms.
2022-02-01T11:43 (IST)
Union Budget Live Updates 2022: New education channel
One Class 1 TV channel to be launched to give supplementary education to children to make up for loss of formal education due to COVID-19.
2022-02-01T11:42 (IST)
Union Budget Live Updates 2022: Social welfare
Transliteration of land records in 8 languages will be rolled out
2022-02-01T11:40 (IST)
Union Budget Live Updates 2022: Urban development
For urban capacity building, support will be provided to states - mass transit, planning help, etc.
2022-02-01T11:37 (IST)
Union Budget Live Updates 2022: New passports
E-passports using embedded chips and futuristic tech will be rolled out.
2022-02-01T11:33 (IST)
Union Budget Live Updates 2022: Boost for digital payments
Digital payments have grown at rapid pace. Benefits of digital banking should reach every nook and corner. Taking forward this agenda, we will set up 75 digital banking units in 75 districts by scheduled commercial banks.
2022-02-01T11:28 (IST)
Union Budget 2022 Live Updates: For women and child development
2 lakh Anganwadis to be upgraded with better facilities
2022-02-01T11:24 (IST)
Union Budget 2022 Live Updates: For start-ups
Drone Shakti through various application centres for start-up that work on drone technology.
2022-02-01T11:22 (IST)
Union Budget 2022 Live Updates: Resilient MSME
Credit guarantee trust for micro and small enterprises will be revamped with required infusion of funds. This will give ₹ 2 lakh crore more for MSMEs.
2022-02-01T11:17 (IST)
Union Budget 2022 Live Updates: More infra development
2,000 km under Kawach programme. 400 new generation Vande Bharat trains. 100 PM Gati Shakti cargo terminals
2022-02-01T11:16 (IST)
Union Budget 2022 Live Updates: Minimum support price (MSP)
Rs 2.7 lakh crore direct payment of minimum support price for wheat and paddy
2022-02-01T11:11 (IST)
Union Budget 2022 Live Updates: Infra development
National Highways to be expanded by 25,000 km
2002-02-01T11:09 (IST)
Union Budget 2022 Live Updates: Engines of growth
PM Gati Shakti, inclusive development, productivity enhancement, energy transmission, climate action and financing of investment.
2022-02-01T11:06 (IST)
Union Budget 2022 Live Updates: Amrit Kal from India at 75 to India at 100
"We strive to provide necessary ecosystem for middle class. This Budget hopes to lay the foundation for Amrit Kal from India at 75 to India at 100," Ms Sitharaman said today.
2022-02-01T11:02 (IST)
Union Budget 2022 Live Updates: On COVID-19 pandemic
"We are confident of withstanding challenges amid the COVID-19 pandemic": Nirmala Sitharaman
2022-02-01T11:01 (IST)
Union Budget 2022 Live Updates: Nirmala Sitharaman starts Budget speech
Finance Minister Nirmala Sitharaman has started the Budget speech.
2022-02-01T12:36 (IST)
Union Budget Live Updates 2022: Gross GST collection
Gross GST collection in January at record ₹ 1,40,986 crore, possible due to rapid economic recovery, says Finance Minister Nirmala Sitharaman.
2022-02-01T14:05 (IST)
Union Budget Analysis 2022:- Income Tax Updates
  1. New Updated return - A new provision to allow taxpayers to file an updated return. Updated return can be filed within 2 years from the end of the relevant assessment year.
  2. Co-op Society - 15 % from 18%, reduction in surcharge too .
  3. Alternate minimum tax to be reduced to 15% for cooperative societies .
  4. Propose to increase tax deduction limit to 14% on employers contribution to NPS account of state govt employees .
  5. Tax incentives for startups to be incorporated until March 31, 2023 .
  6. Crypto tax at 30% - Tax on BITCOIN no set off on loss -Crypto profit give 30% to govt Loss you suffer fully no set off .
  7. Recipient to be taxed in case of gift of virtual digital asset: FM Sec 56 amended .
  8. Long term capital gains on listed equity share units subject to maximum surcharge at 15%. propose to cap transfer of long term capital gains at 15%.
  9. Corporate surcharge to be reduced from 12% to 7%.
2022-02-01T12:33 (IST)
Lok Sabha adjourned
2022-02-01T12:33 (IST)
Customs duty on steel scrap extended by a year
2022-02-01T12:33 (IST)
No changes in I-T slabs
2022-02-01T12:33 (IST)
FM Sitharaman commences her budget speech
2022-02-01T12:33 (IST)
Customs on polished diamonds, gemstones cut to 5%
2022-02-01T12:32 (IST)
Customs duty on cut & polished diamonds, gems to be reduced to 5%
2022-02-01T12:32 (IST)
Concessional duty on import of capital goods to be phased out
2022-02-01T12:32 (IST)
Custom duty imitation jewellery raised to discourage their imports, says FM
2022-02-01T12:32 (IST)
Custom duty exemption on steel scrap is being extended by a year to help MSMEs: FM
202212-02-01T12:31 (IST)
No change in income tax slab
2022-02-01T12:31 (IST)
35.4% hike in capital exp
2022-02-01T12:31 (IST)
Customs duty concessions for parts of electronic goods
2022-02-01T12:29 (IST)
FM announces sector-specific proposals
2022-02-01T12:29 (IST)
More than 350 exemptions on some agri products, chemicals, drugs, etc to be phased out
2022-02-01T12:29 (IST)
Concessional custom duty rates introduced
2022-02-01T12:29 (IST)
FM: Concessional customs duty on capital goods to be phased out, initial rate of 7.5% to be imposed
2022-02-01T12:28 (IST)
Existing tax benefits for startups, which were offered redemption of taxes for 3 consecutive years, to be extended by 1 more year.
2022-02-01T12:27 (IST)
Total expenditure in FY23 estimated at Rs 39.45 trillion
2022-02-01T12:26 (IST)
Financial support will be provided to farmers to take up agro-forestry
2022-02-01T12:26 (IST)
Govt to push one market one tax
2022-02-01T12:14 (IST)
Union Budget Live Updates 2022: Digital assets tax
Remarkable progress in GST but there were huge challenges, says Nirmala Sitharaman.
2022-02-10T12:24 (IST)
1.4 lakhs Cr GST collections
2022-02-01T12:23 (IST)
Highest GST collection ever in January : FM
2022-02-01T12:23 (IST)
Now FM moves to indirect taxe changes
2022-02-01T12:23 (IST)
A roundup of the big announcements so far 1) Government back funds SIDBI fund of funds have provided scale capital creating a multiplier effect. 2) Implementation of Ken Betwa Linking project at est
2022-02-01T12:23 (IST)
No set off of losses allowed for non-compliance
2022-02-01T12:23 (IST)
Long term capital gains on listed equity share units subject to maximum surcharge at 15%. propose to cap transfer of long term capital gains at 15%: FM
2022-02-01T12:23 (IST)
Tax deduction limit for state govt employees to NPS raised from 10% to 14%
2022-02-01T12:23 (IST)
TDS at 1% on transfer of virtual assets
2022-02-01T12:23 (IST)
Corporate surcharge to be reduced from 12% to 7%: FM Nirmala Sitharaman
2022-02-01T12:20 (IST)
Union Budget Live Updates 2022: Long-term capital gains
Surcharge on long-term capital gains capped at 15%
2022-02-01T12:20 (IST)
Rationalisation of surcharge
2022-02-01T12:19 (IST)
Gift of cryptocurrencies to be taxed at the receiver's end
2022-02-01T12:18 (IST)
No concession for digital virtual assets
2022-02-01T12:18 (IST)
Recipient to be taxed in case of gift of virtual digital asset: FM
2022-02-01T12:17 (IST)
Big move for digital virtual assets
2022-02-01T12:17 (IST)
A completely paperless, e-bill system will be launched by ministries for procurement
2022-02-01T12:14 (IST)
Union Budget Live Updates 2022: Digital assets tax
30% tax on digital asset transfer. Gifts of digital assets to be taxed as well. This includes any income from sale or acquisition of virtual and digital assets.
2022-02-01T12:16 (IST)
Tax relief for startups extended by a year
2022-02-01T12:15 (IST)
Incentives for newly incorporated companies introduced
2022-02-01T12:15 (IST)
Proposal will reduce surcharge on cooperative societies to 7%, for those whose income is between Rs 1 crore and Rs 10 crore.
2022-02-01T12:14 (IST)
Tax incentives for startups to be incorporated until March 31, 2023
2022-02-01T12:14 (IST)
Incentives for startups introduced
2022-02-01T12:14 (IST)
FM: Propose to increase tax deduction limit to 14% on employers contribution to NPS account of state govt employees
2022-02-10T12:10 (IST)
Union Budget Live Updates 2022: Cooperative societies tax
Tax rate for cooperative societies reduced to 15 per cent.
2022-02-01T12:12 (IST)
Tax relief for person with disability introduced : FM
2022-02-01T12:11 (IST)
Rate of MAT reduced to 15% for co-operative socienty
2022-02-01T12:11 (IST)
Reduced minimum alternate tax & surcharge for co-operative society : FM
2022-02-01T12:11 (IST)
Fiscal Deficit target set at 6.4% for FY23 FY23 total expenditure seen at Rs 39.45 lakh crore. Total Receipts other than borrowing seen at Rs 22.84 lakh crore.
2022-02-01T12:10 (IST)
Updated return can be filed upto 2 year from end of relevant AY : FM
2022-02-01T12:09 (IST)
New provision for taxpayers to update IT return
2022-02-01T12:09 (IST)
Four pilot projects for coal gasification and conversion of coal into chemicals
2022-02-01T12:08 (IST)
Capital expenditure increase of 2.2 times that pre-pandemic level is a continuous enabler for crowding in private participation: SBI's Soumya Kanti Ghosh
2022-02-01T12:08 (IST)
Fiscal Deficit at 37.7 lakh Cr
2022-02-01T12:08 (IST)
Revised fiscal deficit estimated at 6.9% of GDP: FM
2022-02-01T12:07 (IST)
* Govt to promote use of public transport in urban areas
2022-02-01T12:07 (IST)
* A high-level panel to be set up for urban planning
2022-02-01T12:07 (IST)
* Additional allocation of Rs 19,500 crore for PLI in solar PV module manufacturing
2022-02-01T12:07 (IST)
A high-level panel to be set up for urban planning, says Sitharaman
2022-02-01T12:06 (IST)
Fiscal deficit estimate 6.4% of GDP, says Sitharaman
2022-02-01T12:06 (IST)
FM thanks taxpayers of country
2002-02-01T12:05 (IST)
FM moves to PartB of speech : Direct tax
2022-02-01T12:05 (IST)
1 lakh crore for states to catalyse economy: FM
2022-02-01T12:05 (IST)
States to get Rs 1 lakh crore as 50-year interest-free loans to help fund PM Gati Shakti related investments: FM
2022-02-01T12:01 (IST)
Union Budget Live Updates 2022: Digital rupee
Digital currency will also lead to a more efficient and cheaper currency management system. It is therefore proposed to introduce digital rupee using blockchain and other technology to be issued by the Reserve Bank of India starting, 2022 and 2023
2022-02-01T11:58 (IST)
Union Budget Live Updates 2022: Effective expenditure
Effective capital expenditure of the government is estimated at Rs 10.68 lakh crores in 2022-23, about 4.1% of GDP
2022-02-01T12:04 (IST)
Loans to be over & above normal borrowings
2022-02-01T12:04 (IST)
Effective capital expenditure of the government is estimated at Rs 10.68 lakh crores in 2022-23, about 4.1% of GDP
2022-02-01T12:04 (IST)
India to have its own digital currency
2022-02-01T12:03 (IST)
Digitisation of economy including digitisation of payments : FM
2022-02-01T12:02 (IST)
Govt to promote funds for blended finance (govt share limited to 20%) for sunrise opportunities such as climate action, agri-tech, etc
2022-02-01T12:02 (IST)
Digital rupee using block chain by RBI
2022-02-01T12:01 (IST)
Economy shown resilence amid pandamic
2022-02-01T12:01 (IST)
Proceeds to be deployed in public sector projects.
2022-02-01T12:01 (IST)
Sovereign green bonds will be part of government’s borrowing programme in FY23.
2022-02-01T12:01 (IST)
Funds will be used for projects that will help reduce carbon intensity of the economy.
2022-02-01T12:01 (IST)
India to launch sovereign green bonds
2022-02-01T12:01 (IST)
RBI to issue it own digital currency
2022-02-01T12:00 (IST)
Outlay for Capital Ex rises by 35.4%
2022-02-01T11:59 (IST)
Defence R&D to be opened up for industry, start-ups, says FM Sitharaman
2022-02-01T11:59 (IST)
Capital investments helps in create the jobs : FM
2022-02-01T11:58 (IST)
Soveriegn green bonds to be issued : FM
2022-02-01T11:57 (IST)
FY23 Capex Target 7.5l cr
2022-02-01T11:57 (IST)
One class, one TV channel' program of PM eVIDYA will be expanded from 12 to 200 TV channels
2022-02-01T11:57 (IST)
Contracts for laying optical fibre in villages to be awarded under BharatNet project under PPP in 2022-23
2022-02-01T11:57 (IST)
National Ropeways Development Programme to be taken up in PPP mode with the aim to improve connectivity, besides promoting Tourism.
2022-02-01T11:57 (IST)
4 pilot projects for conversion of coal to energy to be launched
2022-02-01T11:56 (IST)
FM: Outlay for capital expenditure to be stepped up sharply by 35.4% from Rs 4.54 lakh crore to Rs 7.50 lakh crore in 2022-23
2022-02-01T11:56 (IST)
Defence R&D to be opened up for industry and startups, announces FM
2022-02-01T11:56 (IST)
SEZ act to go, new law to allow states to partners to enhance export performance
2022-02-01T11:55 (IST)
Additional loans for 13 mn MSMEs
2022-02-01T11:47 (IST)
Union Budget Live Updates 2022: Optical fibre
Optical fibre to be laid out in all villages by 2025
2022-02-01T11:54 (IST)
Next phase of ease of doing business, ease of living to be launched : FM
2022-02-01T11:54 (IST)
Budget has blueprint for next 25 years, says Sitharaman
2022-02-01T11:54 (IST)
Energy efficiency and saving measures will be promoted, says FM
2022-02-01T11:53 (IST)
280 GW of solar power by 2030
2022-02-01T11:52 (IST)
FM announces Rs 19,500 crore allocation in PLI for solar modules
2022-02-01T11:53 (IST)
68% of capital procurement budget in defence will be earmarked for domestic industry in 2022-23
2022-02-01T11:52 (IST)
IBC to be amended to improve efficiency of resolution process including cross-border
2022-02-01T11:52 (IST)
To reduce the delay in payment, an online bill system will be launched. It will be used by all central ministries: FM Sitharaman
2022-02-01T11:52 (IST)
Core banking services to start in post offices, says Sitharaman
2022-02-01T11:51 (IST)
Private industries to be invited for R&D : FM
2022-02-01T11:51 (IST)
Education plan for children to make up for loss of formal education due to Covid
2022-02-01T11:50 (IST)
Development plan for northeast
2022-02-01T11:50 (IST)
65% of expenditure to be kept for domestic firms : FM
2022-02-01T11:29 (IST)
10% incraese for 'Make in India" in defence : FM
2022-02-01T11:49 (IST)
Commited to reduce arms imports : FM
2022-02-01T11:49 (IST)
63% of R&D budget enmarked for make in India : FM
2022-02-01T11:49 (IST)
FM outlines vision for defence sector : FM
2022-02-01T11:48 (IST)
200,000 Anganwadis to be upgraded for improving child health
2022-02-01T11:48 (IST)
All villages should have same access of digital resources as urban areas: FM
2022-02-01T11:47 (IST)
Fund to be facilitated through NABARD to finance startups for agriculture and rural enterprise: FM
2022-02-01T11:47 (IST)
PPE model to lay optical fibers in villages : FM
2022-02-01T11:47 (IST)
Kisan Drones for crop assessment, land records
2022-02-01T11:47 (IST)
A push for Electric Vehicles A battery-swapping policy to be brought out with interoperability standards to boost EV ecosystem
2022-02-01T11:46 (IST)
Mobility Zones for E vehicles
2022-02-01T11:45 (IST)
5G spectrum auction in FY22 :FM
2022-02-01T11:45 (IST)
End to End E-bill system will be set up : FM
2022-02-01T11:42 (IST)
Promotion of EVs through battery swapping policy : FM
2022-02-01T11:42 (IST)
5 centres of excellence to be funded : FM
2022-02-01T11:42 (IST)
States to be supported for urban capacity building: Sitharaman
2022-02-01T11:41 (IST)
An open platform for the national digital health ecosystem will be rolled out.
2022-02-01T11:42 (IST)
Budget 2022 focuses on financial inclusion
2022-02-01T11:41 (IST)
100 year infra plans on the cards, blueprint on next 25 years in this budget
2022-02-01T11:41 (IST)
48000 Cr to be alocated under OM housing scheme
2022-02-01T11:41 (IST)
Cities must be centre of Sustainable living
2022-02-01T11:40 (IST)
Cities must be centres of sustanability living : FM
2022-02-01T11:40 (IST)
FM outlines vision for infrastructure
2022-02-01T11:39 (IST)
E-passports, the issuance of E passports using embedded ship and futuristic technology will be rolled out in 2022-23 to enhance the convenience for the citizens in their overseas travel.
2022-02-01T11:38 (IST)
Rs 2.37 trillion worth of MSP direct payments to wheat and paddy farmers
2022-02-01T11:38 (IST)
Post Offices to be merged with Banking
2022-02-01T11:37 (IST)
1400 CR allocated for hydro & solar projects
2022-02-01T11:37 (IST)
Focus on use of digital payment apps : FM
2022-02-01T11:36 (IST)
Desh stack e-portal to be launched to promote digital infra : says FM
2022-02-01T11:32 (IST)
Union Budget Live Updates 2022: River linking
Implementation of Ken-Betwa rivers linking with estimated cost of ? 44, 605 crore to be taken up
2022-02-01T11:36 (IST)
Pandemic has brought to the fore the issue of mental health. A national tele mental health programme will be launched.
2022-02-01T11:35 (IST)
MSMEs get boost with interlinked portals, blended capital fund
2022-02-01T11:35 (IST)
IIT-B to provide support to healthcare infrastructurem says Sitharaman
2022-02-01T11:34 (IST)
75 Digital Banking Units in 75 districts
2022-02-01T11:34 (IST)
Rs 2.37L crore MSP to be directly paid to farmers
2022-02-01T11:34 (IST)
One class, one TV channel' program of PM eVIDYA will be expanded from 12 to 200 TV channels. This will enable all states to provide supplementary education in regional languages for classes 1 to 12 : FM
2022-02-01T11:34 (IST)
AIM to boost digital baanking, Fintech ideas
2022-02-01T11:34 (IST)
FM outlines vision for banking sector
2022-02-01T11:39 (IST)
Union Budget Live Updates 2022: Northeast infra
PM development initiative for the northeast to fund infra and social development projects.
2022-02-01T11:33 (IST)
2 lakh Anganwadis to be upgraded with better facilities
2022-02-01T11:33 (IST)
8 mn new dwelling in rural, urban areas to be completed under PM Awas yojana
2022-02-01T11:32 (IST)
ADDL funding to connect border villages : FM
2022-02-01T11:32 (IST)
In 2022-23, 80 lakh households will be identified for the affordable household scheme: FM
2022-02-01T11:32 (IST)
MSMEs such as Udyam, e-shram, NCS & Aseem portals will be inter-linked, their scope will be widened.
2022-02-01T11:32 (IST)
Rs 60,000 crore allocated for 2022-24 under PM Awas Yojana
2022-02-01T11:32 (IST)
In 2022-23, 80 lakh households will be identified for the affordable household scheme: FM
2022-02-01T11:31 (IST)
FM outlines vision for North-East in 2022
2022-02-01T11:31 (IST)
60,000 CR for Tapwater : FM
2022-02-01T11:30 (IST)
3 women-centric missions to be launched
2022-02-01T11:30 (IST)
FM's Digital push This will aims to skill, reskill, upskill citizens through online training. API based skill credentials, payment layers to find relevant jobs and opportunities
2022-02-01T11:30 (IST)
An open platform for the national digital health ecosystem will be rolled out.
2022-02-01T11:30 (IST)
Schemes of the Ministry for Women and Child Welfare revamped significantly
2022-02-01T11:29 (IST)
FM outlines vision for Nari Shakti in 2022
2022-02-01T11:28 (IST)
2 lakh Anganwadis to be upgraded as "Saksham"
2022-02-01T11:28 (IST)
National tele-mental health program to be launched
2022-02-01T11:27 (IST)
Seven engines of PM Gati Shakti Roads Railways Airports Ports Mass transport Waterways Logistics infra
2022-02-01T11:27 (IST)
FM outlined vision for health sector
2023-02-01T11:27 (IST)
Rs 2.37 lakh crore worth of MSP direct payments to wheat and paddy farmers
2022-02-01T11:26 (IST)
Drone Shakti through various application centres for start-up that work on drone technology. Feb 01, 2022 11:2
2022-02-01T11:26 (IST)
Production Linked Incentive Scheme to create 60 lakh new jobs in next 5 years, says FM
2022-02-01T11:26 (IST)
5 lakh Cr cover for hospitality : FM
2022-02-01T11:25 (IST)
Startups will be promoted to facilitate 'drone shakti' for promotion of drone usage: FM
2022-02-01T11:25 (IST)
Digital ecosystem for skills & livelihood : FM
2022-02-01T11:24 (IST)