In a big boost to the economy, the digital rupee - using blockchain and other technology - will be introduced by the central bank in 2022-23, Finance Minister Nirmala Sitharaman.

Indian Budget 2022: Digital Rupee to be issued using blockchain and other technologies - Nirmala Sitharaman

During the speech for Indian Union Budget 2022-23 in parliament on Tuesday, Finance Minister (FM) Nirmala Sitharaman said that the country will auction 5G airwaves this year. It will bring about a roll out of the next-generation telecoms service in 2022-23.&nbsp; &nbsp;

"Spectrum auctions will be conducted in 2022 to facilitate the roll-out of 5G mobile services within 2022-23 by private telecom providers," Sitharaman said.&nbsp;

The telecommunications sector in general and 5G, in particular, can enable growth and offer job opportunities, she added. &nbsp;

Also Read |&nbsp;<a href="https://www.wionews.com/india-news/indian-union-budget-2022-digital-rupee-to-be-introduced-virtual-assets-to-be-taxed-at-30-449464" hreflang="en">Indian Budget: Digital rupee to be introduced, virtual assets to be taxed</a>

"A scheme for design-led manufacturing will be launched to build a strong ecosystem for 5G as part of the production-linked incentive scheme," the FM said.&nbsp;

To enable affordable broadband and mobile services in rural and remote areas, five per cent of annual collections under the universal service obligation fund will be allocated, she said. &nbsp;

"This will promote R&amp;D and commercialisation of technologies and solutions. Our mission is that all villages and their residents should have the same access to e-services, communication facilities and digital resources as urban areas and their residents," the FM said.&nbsp;

Also Read |&nbsp;<a href="https://www.wionews.com/india-news/indian-union-budget-2022-finance-minister-announces-kisan-drones-in-boost-to-agriculture-sector-449449" hreflang="en">Indian Union Budget 2022: FM announces kisan drones in boost to agri sector</a>

The contract for laying optical fibre in all villages will be awarded through the BharatNet project in PPP mode in 2022-23, the minister added.&nbsp;

"Completion is expected in 2025. Measures will be taken to enable better and more efficient use of the optical fibre," the FM said.&nbsp;&nbsp;

(With inputs from agencies)&nbsp;

During the speech for Indian Union Budget 2022-23 in parliament on Tuesday, Finance Minister (FM) Nirmala Sitharaman said that the country will auction 5G airwaves this year.

During the speech for Indian Union Budget 2022-23 in parliament on Tuesday, Finance Minister (FM) Nirmala Sitharaman said that the country will auction 5G airwaves this year. It will bring about a roll out of the next-generation telecoms service in 2022-23. "Spectrum auctions will be conducted in 2022 to facilitate the roll-out of 5G mobile services within 2022-23 by private telecom providers," Sitharaman said. The telecommunications sector in general and 5G, in particular, can enable growth and offer job opportunities, she added. Also Read | Indian Budget: Digital rupee to be introduced, virtual assets to be taxed "A scheme for design-led manufacturing will be launched to build a strong ecosystem for 5G as part of the production-linked incentive scheme," the FM said. To enable affordable broadband and mobile services in rural and remote areas, five per cent of annual collections under the universal service obligation fund will be allocated, she said. "This will promote R&D and commercialisation of technologies and solutions. Our mission is that all villages and their residents should have the same access to e-services, communication facilities and digital resources as urban areas and their residents," the FM said. Also Read | Indian Union Budget 2022: FM announces kisan drones in boost to agri sector The contract for laying optical fibre in all villages will be awarded through the BharatNet project in PPP mode in 2022-23, the minister added. "Completion is expected in 2025. Measures will be taken to enable better and more efficient use of the optical fibre," the FM said. (With inputs from agencies)

Indian Union Budget: 5G airwaves auction to be held in 2022, says finance minister

India's Finance Minister Nirmala Sitharaman hailed the tax-payers of the country as she announced that Goods and Services Tax (GST) collections touched a record of Rs1.4 trillion on rapid economic recovery.&nbsp;

With an aim to put the pandemic-ravaged economy on the path of development, India's finance minister introduced the Finance Bill 2022 in Parliament.&nbsp;

Important&nbsp;to note that January is the seventh straight month when the GST collection has crossed the Rs 1 trillion mark.&nbsp;

During her address of Budget 2022-2023, Sitharaman said there has been remarkable progress made in the GST regime, but still, a few challenges remain. "Gross GST collection in January at record Rs 1,40,986 crores; this has been possible due to rapid economic recovery," she said.&nbsp;

Reflecting on the economy, Sitharaman said that India's growth is estimated to be at 9.2 per cent, the highest among all large economies as the nation is now in a strong position to withstand challenges, such as coronavirus (COVID-19).&nbsp;

The finance minister further said that the nation is in the midst of the Omicron wave but the speed of the vaccination campaign has helped greatly. She said, "I am confident that 'Sabka Prayaas' we'll continue with strong growth."

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India's Finance Minister Nirmala Sitharaman hailed the tax-payers of the country as she announced that Goods and Services Tax (GST) collections touched a record of Rs1.

India's Finance Minister Nirmala Sitharaman hailed the tax-payers of the country as she announced that Goods and Services Tax (GST) collections touched a record of Rs1.4 trillion on rapid economic recovery. With an aim to put the pandemic-ravaged economy on the path of development, India's finance minister introduced the Finance Bill 2022 in Parliament. Important to note that January is the seventh straight month when the GST collection has crossed the Rs 1 trillion mark. During her address of Budget 2022-2023, Sitharaman said there has been remarkable progress made in the GST regime, but still, a few challenges remain. "Gross GST collection in January at record Rs 1,40,986 crores; this has been possible due to rapid economic recovery," she said. Reflecting on the economy, Sitharaman said that India's growth is estimated to be at 9.2 per cent, the highest among all large economies as the nation is now in a strong position to withstand challenges, such as coronavirus (COVID-19). The finance minister further said that the nation is in the midst of the Omicron wave but the speed of the vaccination campaign has helped greatly. She said, "I am confident that 'Sabka Prayaas' we'll continue with strong growth." ×

Indian finance minister hails tax-payers over highest-ever GST collection in January 2022

Indian FM Nirmala Sitharamn said that "the government will conduct a spectrum auction this year, which will facilitate the roll-out of 5G services by private telecom operators during the financial year 2022-23".

Indian FM Nirmala Sitharaman announces 5G spectrum auction rollout

In her Budget 2022 address, Union Finance Minister Nirmala Sitharaman talked about rolling out the next phase of ease of doing business and ease of living.

India Budget 2022: Next phase of ease of doing business to be launched - Nirmala Sitharaman

A gift to the Indian Railways as the country's Finance Minister Nirmala Sitharaman on Tuesday (February 1) said that about 2,000km of the rail network will be brought under the indigenous world-class technology KAWACH.&nbsp;

While announcing this year's Budget, the finance minister also said that 400 new 'Vande Bharat' trains will be manufactured in the next three years.&nbsp;

She also said 100 PM Gati Shakti Cargo terminals to be developed during the next three years and implementation of innovative ways for building metro systems.

During her address, Sitharaman said, "As a part of Atmanirbhar Bharat, 2,000 km of rail network to be brought under the indigenous world-class technology KAWACH in 2022-23, for safety and capacity augmentation."

"A total of 400 new generation Vande Bharat trains with better energy efficiency and passenger riding experience to be manufactured in next three years."

The KAWACH technology is an indigenously developed anti-collision device to prevent accidents to achieve railways its goal of zero accidents.&nbsp;

She also said that Indian Railways will develop new products and efficient logistics services for small farmers, small and medium enterprises.&nbsp;

"Contracts for implementation of multimodal logistics parks at four locations will be awarded in 2022-23 in PPP mode. Indian Railways to develop new products and efficient logistics services for small farmers, small and medium enterprises. One Station One Product to be popularised to help local businesses and supply chains," she said.&nbsp;

Overall, this year's Union Budget seeks to lay the foundation and give a blueprint of the economy over 'Amrit Kal' of next 25 years - from India at 75 to India at 100.&nbsp;

Reflecting on the economy, Sitharaman said that India's growth is estimated to be at 9.2 per cent, the highest among all large economies as the nation is now in a strong position to withstand challenges, such as coronavirus (COVID-19).&nbsp;

A gift to the Indian Railways as the country's Finance Minister Nirmala Sitharaman on Tuesday (February 1) said that about 2,000km of the rail network will be brought under the indigenous world-class technology KAWACH.

A gift to the Indian Railways as the country's Finance Minister Nirmala Sitharaman on Tuesday (February 1) said that about 2,000km of the rail network will be brought under the indigenous world-class technology KAWACH. While announcing this year's Budget, the finance minister also said that 400 new 'Vande Bharat' trains will be manufactured in the next three years. She also said 100 PM Gati Shakti Cargo terminals to be developed during the next three years and implementation of innovative ways for building metro systems. During her address, Sitharaman said, "As a part of Atmanirbhar Bharat, 2,000 km of rail network to be brought under the indigenous world-class technology KAWACH in 2022-23, for safety and capacity augmentation." "A total of 400 new generation Vande Bharat trains with better energy efficiency and passenger riding experience to be manufactured in next three years." The KAWACH technology is an indigenously developed anti-collision device to prevent accidents to achieve railways its goal of zero accidents. She also said that Indian Railways will develop new products and efficient logistics services for small farmers, small and medium enterprises. "Contracts for implementation of multimodal logistics parks at four locations will be awarded in 2022-23 in PPP mode. Indian Railways to develop new products and efficient logistics services for small farmers, small and medium enterprises. One Station One Product to be popularised to help local businesses and supply chains," she said. Overall, this year's Union Budget seeks to lay the foundation and give a blueprint of the economy over 'Amrit Kal' of next 25 years - from India at 75 to India at 100. Reflecting on the economy, Sitharaman said that India's growth is estimated to be at 9.2 per cent, the highest among all large economies as the nation is now in a strong position to withstand challenges, such as coronavirus (COVID-19).

India's Railway Budget: 400 new-gen 'Vande Bharat' trains, 2000km of network will be brought under KAWACH tech

Russia's deputy foreign minister Sergey Vershinin holds talks with India's MEA secretary (West) Reenat Sandhu in New Delhi, amid ongoing tensions with the West. Moscow has kept India in loop on the Ukraine developments.

Russian deputy foreign minister Vershinin holds talks with Indian secy-west Reenat Sandhu

Indian Prime Minister Narendra Modi and President Ram Nath Kovind paid tribute to Mahatma Gandhi at Rajghat on Martyrs' Day.

India's PM Modi & President Kovind pay tribute to Mahatma Gandhi at Rajghat on Martyrs' Day

India and Israel celebrated 30th anniversary of full diplomatic relations. While COVID has meant that some planned celebrations have had to go online, the two countries have jointly launched the anniversary year virtually with a logo marking the occasion.

Foreign Minister Yair Lapid: Israel grateful for Indian support

Five terrorists were killed in two operations in India's Kashmir valley earlier today. Four terrorists belonging to the Jaish-e-Mohammed (JeM) outfit were killed in the Pulwama district and one terrorist belonging to the Lashkar-e-Taiba (LeT) in central Kashmir's Budgam district.&nbsp;

In Pulwama, JeM commander Zahid Wani along with one Pakistani terrorist identified as Kafeel was killed along with two others. While as in the Budgam encounter one terrorist belonging to LeT was killed. One AK56 rifle was recovered from the encounter site.&nbsp;

"5 terrorists of Pakistan sponsored proscribed terror outfits LeT and JeM killed in dual encounters in last 12 hours. JeM commander terrorist Zahid Wani and a Pakistani terrorist among the killed. Big success for us," said Vijay Kumar, IGP Kashmir.

In the month of January, 11 encounters have taken place across the Kashmir valley and&nbsp;in these operations, at least 21 terrorists have been killed so far. Out of these killed terrorists, eight are said to be from other countries, mostly belonging to Pakistan.&nbsp;

Earlier security forces in Kashmir valley had said that their focus for the year 2022 will be killing all foreign terrorists in Kashmir.&nbsp;

They believe these foreign terrorists are responsible for the recruitment of youth into the terror outfits and training them.&nbsp;

Five terrorists were killed in two operations in India's Kashmir valley earlier today. Four terrorists belonging to the Jaish-e-Mohammed (JeM) outfit were killed in the Pulwama district and one terrorist belonging to the Lashkar-e-Taiba (LeT) in central Kashmir's Budgam district.

Five terrorists were killed in two operations in India's Kashmir valley earlier today. Four terrorists belonging to the Jaish-e-Mohammed (JeM) outfit were killed in the Pulwama district and one terrorist belonging to the Lashkar-e-Taiba (LeT) in central Kashmir's Budgam district. In Pulwama, JeM commander Zahid Wani along with one Pakistani terrorist identified as Kafeel was killed along with two others. While as in the Budgam encounter one terrorist belonging to LeT was killed. One AK56 rifle was recovered from the encounter site. "5 terrorists of Pakistan sponsored proscribed terror outfits LeT and JeM killed in dual encounters in last 12 hours. JeM commander terrorist Zahid Wani and a Pakistani terrorist among the killed. Big success for us," said Vijay Kumar, IGP Kashmir. In the month of January, 11 encounters have taken place across the Kashmir valley and in these operations, at least 21 terrorists have been killed so far. Out of these killed terrorists, eight are said to be from other countries, mostly belonging to Pakistan. Earlier security forces in Kashmir valley had said that their focus for the year 2022 will be killing all foreign terrorists in Kashmir. They believe these foreign terrorists are responsible for the recruitment of youth into the terror outfits and training them.

India: JeM commander Zahid Wani among five terrorists killed in twin operations in J&K

Making India proud, 31-year-old Arif Khan has become the only Indian to qualify for winter Olympics 2022. Arif has participated in 127 international Skiing events across the world.

31-year-old Kashmiri man becomes only Indian to qualify for winter Olympics 2022

A fierce gunfight broke out between security forces and terrorists in the Union Territory of Jammu and Kashmir in India.

India: Anti-terror operations continue in Jammu & Kashmir, 5 terrorists killed in 2 encounters

India and Oman are set to take defence ties to next level with a number of high-profile visits like by Omani Defence Ministry Secretary General Mohammed Nasser Al Zaabi. &nbsp;&nbsp;

Zaabi, who is the executive head of the Omani defence establishment, will visit India from January 30 to February 4.&nbsp;

During the visit, he will co-chair the 10th Joint Military Cooperation Committee (JMMC) with Defence Secretary Ajay Kumar. JMMC is the top forum of engagement between India and Oman in the field of defence and gives a framework to defence exchanges between the two sides. The last JMCC was held in Oman in 2018. &nbsp;

Being held after a gap of three years, largely due to Covid crisis, the 10th JMCC is expected to evaluate the ongoing defence exchanges and provide a roadmap for strengthening defence ties further. Indian side has been working for a long time so that the visit can happen soon. &nbsp;

Also Read:&nbsp;<a href="https://www.wionews.com/india-news/why-india-observes-martyrs-day-and-how-is-it-connected-to-mahatma-gandhi-448860" hreflang="en">Why India observes ‘Martyr’s Day’ and how is it connected to Mahatma Gandhi?</a>

Zaabi during India visit will call on Indian Defence Minister Rajnath Singh. It is understood that he will also be given an overview of Indian defence production industry for possibilities of procurement and joint production of defence equipment. &nbsp;

Visit by Secretary General Zaabi kick starts a month of intensive defence exchanges with Oman. February will see high profile defence engagements, which includes visits of chief of Oman's Royal&nbsp;Air Force, chief of Oman's Royal Navy, and talks between Indian Navy officials and commander of Royal Navy of Oman (CRNO). The visits of the naval and air force chiefs of Oman are taking place after a gap of five years and is expected to enable a high-level re-engagement between the forces of two sides. &nbsp;

February will also witness a bilateral air force exercise in Jodhpur between India and Oman Air force. The annual bilateral air exercise this year will see the participation of over 150 personnel from Oman. &nbsp;

Also Read:&nbsp;<a href="https://www.wionews.com/india-news/pm-modi-hails-special-friendship-with-israel-on-30th-anniversary-of-establishment-of-diplomatic-ties-448809" hreflang="en">PM Modi hails 'special friendship' with Israel on 30th anniversary of establishment of diplomatic ties</a>

Oman is the only country in the Gulf region with which all three services of the Indian armed forces conduct regular bilateral exercises and staff talks. The country also provides critical operational support to Indian naval deployments in the Arabian sea for anti-piracy missions. The country also actively participates in the Indian Ocean Naval Symposium (IONS). &nbsp;

Defence cooperation has emerged as a key pillar of India-Oman strategic partnership. Oman is India’s closest defence partner in the Gulf region and an important anchor for India’s defence and strategic interests. Defence exchanges are a part of a framework MoU, which was renewed in 2021. &nbsp;

Apart from the engagements in defence, training is a key component in the ties. Omani forces regularly take part in training courses in India both at professional as well as higher command level. Same stands true for Indian armed forces, who take part in the staff and command courses conducted at NDC, Oman.&nbsp;

India and Oman are set to take defence ties to next level with a number of high-profile visits like by Omani Defence Ministry Secretary General Mohammed Nasser Al Zaabi.

India and Oman are set to take defence ties to next level with a number of high-profile visits like by Omani Defence Ministry Secretary General Mohammed Nasser Al Zaabi. Zaabi, who is the executive head of the Omani defence establishment, will visit India from January 30 to February 4. During the visit, he will co-chair the 10th Joint Military Cooperation Committee (JMMC) with Defence Secretary Ajay Kumar. JMMC is the top forum of engagement between India and Oman in the field of defence and gives a framework to defence exchanges between the two sides. The last JMCC was held in Oman in 2018. Being held after a gap of three years, largely due to Covid crisis, the 10th JMCC is expected to evaluate the ongoing defence exchanges and provide a roadmap for strengthening defence ties further. Indian side has been working for a long time so that the visit can happen soon. Also Read: Why India observes ‘Martyr’s Day’ and how is it connected to Mahatma Gandhi? Zaabi during India visit will call on Indian Defence Minister Rajnath Singh. It is understood that he will also be given an overview of Indian defence production industry for possibilities of procurement and joint production of defence equipment. Visit by Secretary General Zaabi kick starts a month of intensive defence exchanges with Oman. February will see high profile defence engagements, which includes visits of chief of Oman's Royal Air Force, chief of Oman's Royal Navy, and talks between Indian Navy officials and commander of Royal Navy of Oman (CRNO). The visits of the naval and air force chiefs of Oman are taking place after a gap of five years and is expected to enable a high-level re-engagement between the forces of two sides. February will also witness a bilateral air force exercise in Jodhpur between India and Oman Air force. The annual bilateral air exercise this year will see the participation of over 150 personnel from Oman. Also Read: PM Modi hails 'special friendship' with Israel on 30th anniversary of establishment of diplomatic ties Oman is the only country in the Gulf region with which all three services of the Indian armed forces conduct regular bilateral exercises and staff talks. The country also provides critical operational support to Indian naval deployments in the Arabian sea for anti-piracy missions. The country also actively participates in the Indian Ocean Naval Symposium (IONS). Defence cooperation has emerged as a key pillar of India-Oman strategic partnership. Oman is India’s closest defence partner in the Gulf region and an important anchor for India’s defence and strategic interests. Defence exchanges are a part of a framework MoU, which was renewed in 2021. Apart from the engagements in defence, training is a key component in the ties. Omani forces regularly take part in training courses in India both at professional as well as higher command level. Same stands true for Indian armed forces, who take part in the staff and command courses conducted at NDC, Oman.

Oman defence ministry's secretary general, air and navy chief to visit India to strengthen ties

India's Freedom Fighters Do you know about the sacrifices made by Rani Gaidinliu and Birsa Munda? Why were great leaders like Netaji and Sardar Patel sidelined? Watch 'India's Forgotten Heroes'

India's forgotten heroes

In what comes as a remarkable achievement for India, Prime Minister Narendra Modi on Sunday said that about 75 per cent of the country's adult population has received two vaccine doses against the deadly coronavirus. "Congratulations to our fellow citizens for this momentous feat. Proud of all those who are making our vaccination drive a success," PM Modi wrote in a tweet.&nbsp;

This comes in at a time when the country is battling against the highly contagious Omicron variant.&nbsp;

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75% of all adults are fully vaccinated. 
 
Congratulations to our fellow citizens for this momentous feat. 
 
Proud of all those who are making our vaccination drive a success. <a href="https://t.co/OeCJddtAL8">https://t.co/OeCJddtAL8</a>
— Narendra Modi (@narendramodi) <a href="https://twitter.com/narendramodi/status/1487641114504957956?ref_src=twsrc%5Etfw">January 30, 2022</a></blockquote>
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As per the health ministry data, India reported 234,281 new Covid infections over the last 24 hours, taking the overall tally to 41.09 million. A total of 893 fatalities were recorded as the total death toll reached 494,091.

<a href="https://www.wionews.com/india-news/india-jem-commander-zahid-wani-among-five-terrorists-killed-in-twin-operations-in-jk-448893">Also read |&nbsp;India: JeM commander Zahid Wani among five terrorists killed in twin operations in J&amp;K</a>

Union Health Minister Mansukh Mandaviya in a tweet said, "With the mantra of 'Sabka Saath, Sabka Prayas', India has vaccinated 75 per cent of its adult population with both doses of the vaccine. We are getting stronger in the fight against Corona. We have to follow all the rules and administer the vaccine as soon as possible."

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'सबका साथ, सबका प्रयास' के मंत्र के साथ, भारत ने अपनी 75% वयस्क आबादी को वैक्सीन की दोनों डोज लगाने का लक्ष्य हासिल कर लिया है। 
 
कोरोना से लड़ाई में हम निरंतर मज़बूत हो रहें है। हमें सभी नियमों का पालन करते रहना है और जल्द से जल्द वैक्सीन लगवानी है। <a href="https://twitter.com/hashtag/SabkoVaccineMuftVaccine?src=hash&amp;ref_src=twsrc%5Etfw">#SabkoVaccineMuftVaccine</a> <a href="https://t.co/wSBg9AQphx">pic.twitter.com/wSBg9AQphx</a>
— Dr Mansukh Mandaviya (@mansukhmandviya) <a href="https://twitter.com/mansukhmandviya/status/1487630605688860683?ref_src=twsrc%5Etfw">January 30, 2022</a></blockquote>
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Earlier in October,&nbsp;the number of Covid&nbsp;vaccine doses delivered in India surpassed the one billion mark.

India's status as a worldwide vaccine and biologics production powerhouse has grown because the government has been conducting a massive vaccination campaign for its massive eligible population.&nbsp;

(With inputs from agencies)

In what comes as a remarkable achievement for India, Prime Minister Narendra Modi on Sunday said that about 75 per cent of the country's adult population has received two vaccine doses against the deadly coronavirus.

In what comes as a remarkable achievement for India, Prime Minister Narendra Modi on Sunday said that about 75 per cent of the country's adult population has received two vaccine doses against the deadly coronavirus. "Congratulations to our fellow citizens for this momentous feat. Proud of all those who are making our vaccination drive a success," PM Modi wrote in a tweet. This comes in at a time when the country is battling against the highly contagious Omicron variant. 75% of all adults are fully vaccinated. Congratulations to our fellow citizens for this momentous feat. Proud of all those who are making our vaccination drive a success. https://t.co/OeCJddtAL8 — Narendra Modi (@narendramodi) January 30, 2022 × As per the health ministry data, India reported 234,281 new Covid infections over the last 24 hours, taking the overall tally to 41.09 million. A total of 893 fatalities were recorded as the total death toll reached 494,091. Also read | India: JeM commander Zahid Wani among five terrorists killed in twin operations in J&K Union Health Minister Mansukh Mandaviya in a tweet said, "With the mantra of 'Sabka Saath, Sabka Prayas', India has vaccinated 75 per cent of its adult population with both doses of the vaccine. We are getting stronger in the fight against Corona. We have to follow all the rules and administer the vaccine as soon as possible." 'सबका साथ, सबका प्रयास' के मंत्र के साथ, भारत ने अपनी 75% वयस्क आबादी को वैक्सीन की दोनों डोज लगाने का लक्ष्य हासिल कर लिया है। कोरोना से लड़ाई में हम निरंतर मज़बूत हो रहें है। हमें सभी नियमों का पालन करते रहना है और जल्द से जल्द वैक्सीन लगवानी है। #SabkoVaccineMuftVaccine pic.twitter.com/wSBg9AQphx — Dr Mansukh Mandaviya (@mansukhmandviya) January 30, 2022 × Earlier in October, the number of Covid vaccine doses delivered in India surpassed the one billion mark. India's status as a worldwide vaccine and biologics production powerhouse has grown because the government has been conducting a massive vaccination campaign for its massive eligible population. (With inputs from agencies)

India vaccinates 75% of its adult population: PM Modi

Indian PM Narendra Modi addressed the nation with the 85th edition of Mann ki Baat. It is also the first edition of this year.

Watch Indian PM Narendra Modi's first 'Mann Ki Baat' of year 2022

30 years of India, Israel ties: PM Naftali Bennett shares heartfelt message

In a special video message released on Saturday to commemorate thirty years of full diplomatic relations between India and Israel, Prime Minister Narendra Modi stated that there could not be a better time to set new goals to take forward relations between the two countries.

Prime Minister Narendra Modi speaks on India-Israel ties, says no better time to set new goals

Drones and projection mapping show: Here are a few stunning images from India's Beating Retreat ceremony

Today marks the 30th anniversary of full diplomatic relations between India and Israel. While COVID has meant that some planned celebrations have had to go online, the two countries have jointly launched the anniversary year virtually with a logo marking the occasion.

India & Israel to mark 30 years of diplomatic ties

Pics: To spread awareness, Covid-inspired murals created in this Indian city

With India’s Budget announcement round the corner, every tax payer longs for some pleasing announcements to be made by the government. &nbsp;

The best examples are the hike in the standard deduction and new ways to save tax. &nbsp;

The standard deduction is actually a relief allowed in gross salary income for salaried individuals and pensioners by the government under the rules. &nbsp;

Although the standard deduction affects every individual, whether one has opted for old or new tax regime, the ways to save tax, such as kids' education, belong to only the people, who have gone for old regime. &nbsp;

Also Read:&nbsp;<a href="https://www.wionews.com/business-economy/indias-budget-2022-important-terms-you-should-know-448628" hreflang="en">India's Budget 2022: Important terms you should know</a>

This year would not be any different. The citizens of the country have already pinned hopes on the Indian Finance Minister’s announcement about the Budget in this regard. &nbsp;&nbsp;

Till now, the standard deduction for salaried taxpayers, who are below the age of 60 years, is Rs 2,50,000. The rate is same for both tax regimes, new and old. &nbsp;&nbsp;

In the old tax regime, the deduction is Rs 3,00,000 for taxpayers above 60 years of age and Rs 5,00,000 for people above 80 years of age. In new regime, the deduction is Rs 2,50,000 for everyone. &nbsp;

Also Read:&nbsp;<a href="https://www.wionews.com/business-economy/indias-budget-2022-what-is-the-sin-tax-is-it-in-this-years-budget-448627" hreflang="en">India's Budget 2022: What is the Sin Tax? Is it in this year's budget?&nbsp;</a>

Another standard deduction of Rs 50,000 is allowed for every individual going for old regime as per rules. &nbsp;

The deduction for the children’s tuition fee comes under section 80C and has a limit of Rs 1,50,000. &nbsp;&nbsp;

The raising of these limits by around 20% would be warmly welcomed by citizens as they have been witnessing tough times for last two years due to coronavirus pandemic. &nbsp;&nbsp;

The hike in the above limits would also encourage people to do more savings for future. If the government comes up with a tax relief related to COVID-19, the citizens will get the much-needed respite. &nbsp;&nbsp;

(With inputs from agencies)&nbsp;

With India’s Budget announcement round the corner, every tax payer longs for some pleasing announcements to be made by the government. The best examples are the hike in the standard deduction and new ways to save tax.

With India’s Budget announcement round the corner, every tax payer longs for some pleasing announcements to be made by the government. The best examples are the hike in the standard deduction and new ways to save tax. The standard deduction is actually a relief allowed in gross salary income for salaried individuals and pensioners by the government under the rules. Although the standard deduction affects every individual, whether one has opted for old or new tax regime, the ways to save tax, such as kids' education, belong to only the people, who have gone for old regime. Also Read: India's Budget 2022: Important terms you should know This year would not be any different. The citizens of the country have already pinned hopes on the Indian Finance Minister’s announcement about the Budget in this regard. Till now, the standard deduction for salaried taxpayers, who are below the age of 60 years, is Rs 2,50,000. The rate is same for both tax regimes, new and old. In the old tax regime, the deduction is Rs 3,00,000 for taxpayers above 60 years of age and Rs 5,00,000 for people above 80 years of age. In new regime, the deduction is Rs 2,50,000 for everyone. Also Read: India's Budget 2022: What is the Sin Tax? Is it in this year's budget? Another standard deduction of Rs 50,000 is allowed for every individual going for old regime as per rules. The deduction for the children’s tuition fee comes under section 80C and has a limit of Rs 1,50,000. The raising of these limits by around 20% would be warmly welcomed by citizens as they have been witnessing tough times for last two years due to coronavirus pandemic. The hike in the above limits would also encourage people to do more savings for future. If the government comes up with a tax relief related to COVID-19, the citizens will get the much-needed respite. (With inputs from agencies)

India’s Budget 2022 expectations: Hike in standard deduction, tuition fee relief under income tax rules

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