Indian Finance Minister Nirmala Sitharaman on Tuesday unveiled the budget for fiscal 2022-23, which aims to boost growth amid continued disruption from COVID-19 and rising inflation.

While announcing the budget, the Indian FM talked about how the pandemic has affected the mental health of people and the steps being taken by the government to deal with this major side-effect of the pandemic.&nbsp;

She said that "the pandemic has accentuated mental health problems in people of all ages. To better the access to quality mental health counselling and care services, a National Tele Mental Health program will be launched."

<a href="https://www.wionews.com/business-economy/live-india-union-budget-2022-finance-minister-nirmala-sitharaman-arrives-at-rashtrapati-bhavan-449352">Click here to get live updates</a>&nbsp;

Further explaining the program, she explained that 23 nodal centres for telemedical mental health will be operated, with NIMHANS serving as the nodal centre. The International Institute of Information Technology, Bengaluru (IIIT) will provide technical support, she added.&nbsp;

Worldwide, mental health problems have been reported as a result of this global humanitarian crisis.

Several factors have contributed to a steep rise in depression and anxiety, including restrictions on social contact, lockdowns, economic insecurity, and school and business closures.

According to a study published in The Lancet medical journal in October, major depressive and anxiety disorders are increasing substantially, especially among women and youth.

In India, the prevalence of such disorders has increased by about 35%, according to the study.&nbsp;

In 2020, researchers estimate an additional 76.2 million cases of anxiety disorders and 53.2 million cases of major depression due to the pandemic. Accordingly, the disorders grew by 25.6% and 27.6%, respectively.

Indian Finance Minister Nirmala Sitharaman on Tuesday unveiled the budget for fiscal 2022-23, which aims to boost growth amid continued disruption from COVID-19 and rising inflation.

Indian Finance Minister Nirmala Sitharaman on Tuesday unveiled the budget for fiscal 2022-23, which aims to boost growth amid continued disruption from COVID-19 and rising inflation. While announcing the budget, the Indian FM talked about how the pandemic has affected the mental health of people and the steps being taken by the government to deal with this major side-effect of the pandemic. She said that "the pandemic has accentuated mental health problems in people of all ages. To better the access to quality mental health counselling and care services, a National Tele Mental Health program will be launched." Click here to get live updates Further explaining the program, she explained that 23 nodal centres for telemedical mental health will be operated, with NIMHANS serving as the nodal centre. The International Institute of Information Technology, Bengaluru (IIIT) will provide technical support, she added. Worldwide, mental health problems have been reported as a result of this global humanitarian crisis. Several factors have contributed to a steep rise in depression and anxiety, including restrictions on social contact, lockdowns, economic insecurity, and school and business closures. According to a study published in The Lancet medical journal in October, major depressive and anxiety disorders are increasing substantially, especially among women and youth. In India, the prevalence of such disorders has increased by about 35%, according to the study. In 2020, researchers estimate an additional 76.2 million cases of anxiety disorders and 53.2 million cases of major depression due to the pandemic. Accordingly, the disorders grew by 25.6% and 27.6%, respectively.

Indian Union Budget 2022: A National Tele Mental Health programme to be launched

Indian Finance Minister Nirmala Sitharaman on Tuesday unveiled the budget for fiscal 2022-23, which aims to boost growth amid continued disruption from COVID-19 and rising inflation.

Announcing the budget Sitharaman said that the "issuance of E-passports will be rolled out in 2022-23 to enhance convenience for citizens.".

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It is expected that the next-generation passports will ensure the security of biometric data and facilitate smooth passage through immigration posts worldwide.&nbsp;

However, the idea of e-passports is not new, S Jaishankar, the former foreign affairs minister, announced the idea of the e-passport some time ago.

While India does not yet issue biometric passports for ordinary citizens, diplomatic and official passports have been biometrically secured since 2008, when then-President Pratibha Patil was issued the country's first e-passport.

The move will allow India to join some 150 countries that issue biometric passports, such as the UK, Germany, Bangladesh, etc.

Indian Finance Minister Nirmala Sitharaman on Tuesday unveiled the budget for fiscal 2022-23, which aims to boost growth amid continued disruption from COVID-19 and rising inflation. Announcing the budget Sitharaman said that the "issuance of E-passports will be rolled out in 2022-23 to enhance convenience for citizens.". Click here to get live updates It is expected that the next-generation passports will ensure the security of biometric data and facilitate smooth passage through immigration posts worldwide. However, the idea of e-passports is not new, S Jaishankar, the former foreign affairs minister, announced the idea of the e-passport some time ago. While India does not yet issue biometric passports for ordinary citizens, diplomatic and official passports have been biometrically secured since 2008, when then-President Pratibha Patil was issued the country's first e-passport. The move will allow India to join some 150 countries that issue biometric passports, such as the UK, Germany, Bangladesh, etc.

Indian Union Budget 2022: Country to roll out next-generation e-passports for citizens

While presenting the Budget 2022-2023, Indian Finance Minister Nirmala Sitharaman announced the 'One class, one TV channel' programme of Prime Minister Narendra Modi's government.&nbsp;

She said that the programme eVIDYA will be expanded from 12 to 200 television channels which will enable all states to provide supplementary education in regional languages for classes 1 to 12 in the country.&nbsp;

The coronavirus (COVID-19) pandemic has forced the students to stay at home and away from their schools, being reliant on online schooling. Such an expansion of the scheme is expected to help students&nbsp;across the country to a larger extent.&nbsp;

She&nbsp;also proposed to set up a digital university to provide education that will be built on a hub and spoke model

<a href="https://www.wionews.com/business-economy/live-india-union-budget-2022-finance-minister-nirmala-sitharaman-arrives-at-rashtrapati-bhavan-449352">Click here to get live updates</a>&nbsp;

In the presence of PM Modi, FM Sitharaman presented the annual Union Budget for the year 2022-2023 in Parliament on Tuesday (February 1). &nbsp;

She has also 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;

ALSO READ |&nbsp;<a href="https://www.wionews.com/business-economy/india-union-budget-2022-sitharaman-unveils-india-100-key-points-449424">India Union Budget 2022: Sitharaman unveils India @ 100 - Key points</a>

The budget was paperless - just like last year but it will be available on an application named "Union Budget Mobile App". The app was launched last year for easy access to Budget documents by Members of Parliament (MPs) and the general public.&nbsp;

While presenting the Budget 2022-2023, Indian Finance Minister Nirmala Sitharaman announced the 'One class, one TV channel' programme of Prime Minister Narendra Modi's government.

While presenting the Budget 2022-2023, Indian Finance Minister Nirmala Sitharaman announced the 'One class, one TV channel' programme of Prime Minister Narendra Modi's government. She said that the programme eVIDYA will be expanded from 12 to 200 television channels which will enable all states to provide supplementary education in regional languages for classes 1 to 12 in the country. The coronavirus (COVID-19) pandemic has forced the students to stay at home and away from their schools, being reliant on online schooling. Such an expansion of the scheme is expected to help students across the country to a larger extent. She also proposed to set up a digital university to provide education that will be built on a hub and spoke model Click here to get live updates In the presence of PM Modi, FM Sitharaman presented the annual Union Budget for the year 2022-2023 in Parliament on Tuesday (February 1). She has also 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). ALSO READ | India Union Budget 2022: Sitharaman unveils India @ 100 - Key points The budget was paperless - just like last year but it will be available on an application named "Union Budget Mobile App". The app was launched last year for easy access to Budget documents by Members of Parliament (MPs) and the general public.

'One class, one TV channel': PM Narendra Modi government's gift to students in Budget 2022

Indian Finance Minister Nirmala Sitharaman presented the country's Budget for the year 2022-2023 on Tuesday (February 1) in the Parliament in the presence of Prime Minister Narendra Modi and other members.&nbsp;

While presenting the Budget, Sitharaman said that the government has comprehensively revamped schemes of the Ministry of Women and Child Development such as Mission Shakti, Mission Vatsalya, Saksham Anganwadi and Poshan 2.0 to provide benefits.&nbsp;

The finance minister further said that the PM development initiatives for North East will be implemented for the North Eastern Council, which will enable livelihood activities for youth and women. This scheme is not a substitute for the existing Centre or State schemes.&nbsp;

<a href="https://www.wionews.com/business-economy/live-india-union-budget-2022-finance-minister-nirmala-sitharaman-arrives-at-rashtrapati-bhavan-449352">Click here to get live updates</a>&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;

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 Nirmala Sitharaman presented the country's Budget for the year 2022-2023 on Tuesday (February 1) in the Parliament in the presence of Prime Minister Narendra Modi and other members.

Indian Finance Minister Nirmala Sitharaman presented the country's Budget for the year 2022-2023 on Tuesday (February 1) in the Parliament in the presence of Prime Minister Narendra Modi and other members. While presenting the Budget, Sitharaman said that the government has comprehensively revamped schemes of the Ministry of Women and Child Development such as Mission Shakti, Mission Vatsalya, Saksham Anganwadi and Poshan 2.0 to provide benefits. The finance minister further said that the PM development initiatives for North East will be implemented for the North Eastern Council, which will enable livelihood activities for youth and women. This scheme is not a substitute for the existing Centre or State schemes. Click here to get live updates 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). 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."

Budget 2022: Revamped schemes for women & child development will provide benefits, says Sitharaman

Indian Finance Minister Nirmala Sitharaman presented the annual Union Budget for the year 2022-2023 in the Parliament in the nation's capital New Delhi on Tuesday (February 1).&nbsp;

In her opening remarks, 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."

<a href="https://www.wionews.com/business-economy/live-india-union-budget-2022-finance-minister-nirmala-sitharaman-arrives-at-rashtrapati-bhavan-449352">Click here to get live updates</a>&nbsp;

The finance minister further said that 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;

The budget was paperless - just like last year but it will be available on an application named "Union Budget Mobile App". The app was launched last year for easy access to Budget documents by Members of Parliament (MPs) and the general public.&nbsp;

The mobile app allows complete access to 14 Union Budget documents, including the Budget Speech, Annual Financial Statement (commonly known as Budget), Demand for Grants (DG), Finance Bill etc. as prescribed by the Constitution.&nbsp;

Indian Finance Minister Nirmala Sitharaman presented the annual Union Budget for the year 2022-2023 in the Parliament in the nation's capital New Delhi on Tuesday (February 1).

Indian Finance Minister Nirmala Sitharaman presented the annual Union Budget for the year 2022-2023 in the Parliament in the nation's capital New Delhi on Tuesday (February 1). In her opening remarks, 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." Click here to get live updates The finance minister further said that 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. The budget was paperless - just like last year but it will be available on an application named "Union Budget Mobile App". The app was launched last year for easy access to Budget documents by Members of Parliament (MPs) and the general public. The mobile app allows complete access to 14 Union Budget documents, including the Budget Speech, Annual Financial Statement (commonly known as Budget), Demand for Grants (DG), Finance Bill etc. as prescribed by the Constitution.

Union Budget 2022: India's Finance Minister Sitharaman says growth expected at 9.2%

Should we expect a big bang budget this time? Sumit Chaturvedi and Gautam Chikermane talks to Suman Bery for in-depth analysis.

Union Budget 2022: All eyes on finance minister Nirmala Sitharaman

In a proposal, the Institute of Chartered Accountants of India (ICAI) has written to the Ministry of Finance of Indian government to hike the annual limit for contribution to Public Provident Fund (PPF) to Rs 3,00,000. &nbsp; &nbsp;

Presently, the limit for the savings component is Rs 1,50,000 under section 80C of the income tax rules. &nbsp;&nbsp;

This comes as the government is going to present the Budget 2022-23 on Tuesday. &nbsp;

Also Read |&nbsp;<a href="https://www.wionews.com/business-economy/live-budget-2022-updates-nirmala-sitharaman-to-begin-presentation-shortly-449407" hreflang="en">LIVE Budget 2022 Updates: Nirmala Sitharaman to begin presentation shortly</a>

It has also asked the government to increase the maximum limit for deduction under section 80CCF to Rs 3,00,000 from Rs 1,50,000. &nbsp;

The suggestions are a part of a pre-Budget memorandum made by the ICAI. Along with these, the organisation has made various other recommendations. &nbsp;

Also Read:&nbsp;<a href="https://www.wionews.com/business-economy/ahead-of-india-union-budget-2022-sensex-and-nifty-surge-in-early-trade-449412" hreflang="en">Ahead of India Union Budget 2022, Sensex and Nifty surge in early trade</a>

"PPF is used as a means of savings by entrepreneurs and professionals. While the assesses in employment have the compulsion of saving 12% of their salary (with matching contribution from employers), the only safe and tax efficient saving option available for self-employed assesses is PPF. Hence, the suggestion to increase the ceiling of PPF contribution to Rs 3,00,000," said ICAI. &nbsp;&nbsp;

The raise in ceiling of 15-year investment scheme PPF will boost the domestic savings and will have an anti-inflationary impact, ICAI said. &nbsp;

(With inputs from agencies)&nbsp;

In a proposal, the Institute of Chartered Accountants of India (ICAI) has written to the Ministry of Finance of Indian government to hike the annual limit for contribution to Public Provident Fund (PPF) to Rs 3,00,000.

In a proposal, the Institute of Chartered Accountants of India (ICAI) has written to the Ministry of Finance of Indian government to hike the annual limit for contribution to Public Provident Fund (PPF) to Rs 3,00,000. Presently, the limit for the savings component is Rs 1,50,000 under section 80C of the income tax rules. This comes as the government is going to present the Budget 2022-23 on Tuesday. Also Read | LIVE Budget 2022 Updates: Nirmala Sitharaman to begin presentation shortly It has also asked the government to increase the maximum limit for deduction under section 80CCF to Rs 3,00,000 from Rs 1,50,000. The suggestions are a part of a pre-Budget memorandum made by the ICAI. Along with these, the organisation has made various other recommendations. Also Read: Ahead of India Union Budget 2022, Sensex and Nifty surge in early trade "PPF is used as a means of savings by entrepreneurs and professionals. While the assesses in employment have the compulsion of saving 12% of their salary (with matching contribution from employers), the only safe and tax efficient saving option available for self-employed assesses is PPF. Hence, the suggestion to increase the ceiling of PPF contribution to Rs 3,00,000," said ICAI. The raise in ceiling of 15-year investment scheme PPF will boost the domestic savings and will have an anti-inflationary impact, ICAI said. (With inputs from agencies)

Indian Union Budget 2022: ICAI asks government to hike annual limit for contribution to PPF to Rs 3,00,000

India's Union Minister of State for Finance Pankaj Chaudhary said that this year's budget will have something for everyone as the country's Finance Minister Nirmala Sitharaman is set to present the union budget for 2022-23 on Tuesday (February 1).&nbsp;

This year's budget is extremely crucial as India's economy is showing signs of recovery from the problems created by the ongoing coronavirus (COVID-19) pandemic.&nbsp;

Ahead of the budget presentation, Chaudhary was quoted by ANI news agency as saying, "The budget will ensure there is something for everyone. Finance Minister Nirmala Sitharaman will present an inclusive budget, in line with each and every sector's needs.&nbsp;

"It will benefit everyone. All sectors, including farmers, should have expectations from today's budget. I request all to have a bit of patience. People will be very happy with this budget," he added.&nbsp;

<a href="https://www.wionews.com/business-economy/live-india-union-budget-2022-finance-minister-nirmala-sitharaman-arrives-at-rashtrapati-bhavan-449352">Click here to get live updates</a>&nbsp;

The Indian government is expected to announce measures to boost GDP growth and strengthen the infrastructure of the country. Some experts said that the budget might give special focus to the education and health sectors.&nbsp;

In this year's budget, the customary 'halwa ceremony' to mark the final stage of the budget-making exercise was not held due to Covid protocols.&nbsp;

Instead, the government distributed packed sweets among the core staff members involved in the budget-making.&nbsp;

The budget will also be paperless - just like last year but it will be available on an application named "Union Budget Mobile App". The app was launched last year for easy access to Budget documents by Members of Parliament (MPs) and the general public.&nbsp;

ALSO READ |&nbsp;<a href="https://www.wionews.com/business-economy/india-budget-2022-govts-supply-side-reforms-prepare-economy-for-long-term-expansion-says-fm-sitharaman-449345">India Budget 2022: Govt's supply-side reforms prepare economy for long-term expansion, says FM Sitharaman</a>

The mobile app allows complete access to 14 Union Budget documents, including the Budget Speech, Annual Financial Statement (commonly known as Budget), Demand for Grants (DG), Finance Bill etc. as prescribed by the Constitution.&nbsp;

The budget session of parliament is being held in two parts. The first part will continue till February 11 and the second part from March 14 to April 8.&nbsp;

India's Union Minister of State for Finance Pankaj Chaudhary said that this year's budget will have something for everyone as the country's Finance Minister Nirmala Sitharaman is set to present the union budget for 2022-23 on Tuesday (February 1).

India's Union Minister of State for Finance Pankaj Chaudhary said that this year's budget will have something for everyone as the country's Finance Minister Nirmala Sitharaman is set to present the union budget for 2022-23 on Tuesday (February 1). This year's budget is extremely crucial as India's economy is showing signs of recovery from the problems created by the ongoing coronavirus (COVID-19) pandemic. Ahead of the budget presentation, Chaudhary was quoted by ANI news agency as saying, "The budget will ensure there is something for everyone. Finance Minister Nirmala Sitharaman will present an inclusive budget, in line with each and every sector's needs. "It will benefit everyone. All sectors, including farmers, should have expectations from today's budget. I request all to have a bit of patience. People will be very happy with this budget," he added. Click here to get live updates The Indian government is expected to announce measures to boost GDP growth and strengthen the infrastructure of the country. Some experts said that the budget might give special focus to the education and health sectors. In this year's budget, the customary 'halwa ceremony' to mark the final stage of the budget-making exercise was not held due to Covid protocols. Instead, the government distributed packed sweets among the core staff members involved in the budget-making. The budget will also be paperless - just like last year but it will be available on an application named "Union Budget Mobile App". The app was launched last year for easy access to Budget documents by Members of Parliament (MPs) and the general public. ALSO READ | India Budget 2022: Govt's supply-side reforms prepare economy for long-term expansion, says FM Sitharaman The mobile app allows complete access to 14 Union Budget documents, including the Budget Speech, Annual Financial Statement (commonly known as Budget), Demand for Grants (DG), Finance Bill etc. as prescribed by the Constitution. The budget session of parliament is being held in two parts. The first part will continue till February 11 and the second part from March 14 to April 8.

Budget 2022-2023: Indian minister says 'inclusive budget' will ensure there is something for everyone

A big day for India today as budget 2022 is going to be announced under the shadow of Omicron virus variant. FM Nirmala Sitharaman is all set table the annual budget today, it is the second budget after global covid-19 pandemic started. To discuss all that and much more, we are joined by professor Makarand R Paranjape, Director, Indian Institute of Advanced Study.

Union Budget 2022: Second budget under shadow of global covid-19 pandemic, here are key expectations

The bull run continued in the Indian stock markets for most of the last year. Stock options and IPOs were a dominant theme in 2021. Today we are going to discuss what the markets are expected to do in 2022, Will the market investors be taxed more in the upcoming budget or will they be given relief.

India's Budget 2022 with Gautam Chikermane: Taxation, investments and stock markets

How did India handle the Covid-19 crisis? What does the health sector expect from India's Budget 2022? Will health insurance services be expanded? Watch WION's special show ahead of India's Union Budget, with Gautam Chikermane.

India's Budget 2022 with Gautam Chikermane: India's performance in handling Covid crisis?

Finance Minister Nirmala Sitharaman called on Ram Nath Kovind before presenting the Union Budget for 2022-23 in Parliament on Tuesday. She met the President as part of established tradition.

The Finance Minister was accompanied by Ministers of State for Finance Pankaj Chaudhary, Bhagwat Karad and senior officials from the Ministry.

Taking to Twitter, Rashtrapati Bhavan said, "Nirmala Sitharaman, Minister of Finance along with Ministers of State for Finance, Dr Bhagwat Kishanrao Karad, Pankaj Chaudhary, and senior officials of the Ministry of Finance, called on President Ram Nath Kovind before presenting the Union Budget 2022-23."

The Union Budget 2022 will be presented in a short while from now. The Minister carried the digitalised budget in a tablet kept inside a red coloured cover with a golden coloured national emblem embossed on it instead of the traditional briefcase or `bahi khata` for the second consecutive year.

Earlier in the day, MoS Chaudhary said that the budget will be inclusive, benefiting everyone. "Finance Minister Nirmala Sitharaman will present an inclusive budget, in line with each and every sectors` needs. It will be benefiting everyone...All sectors (including farmers) should have expectations from today`s budget," he said.

<a href="https://www.wionews.com/business-economy/live-india-union-budget-2022-sitharaman-reaches-parliament-budget-speech-at-11-am-449352">Also read |&nbsp;Live | India Union Budget 2022: Sitharaman reaches Parliament; Budget speech at 11 am</a>

One of the most keenly awaited announcements in the union budget, like every year, would be related to personal taxation.

In every budget income tax rates and slabs are reviewed. However, the income tax slabs have not been changed since 2014.

Sitharaman will be making her fourth budget speech on Tuesday. On Monday, she tabled this year`s Economic Survey, centred around the theme of "Agile approach", which forecasted India`s economy to grow by 9.2 per cent during financial year 2021-22 and by 8-8.5 per cent in fiscal 2023 beginning 1 April.

The Macroeconomic stability indicators of the Economic Survey suggested that the Indian economy is well placed to take on the challenges of 2022-23.

"The combination of high foreign exchange reserves, sustained foreign direct investment, and rising export earnings will provide an adequate buffer against possible global liquidity tapering in 2022-23," it stated.

Notably, India`s foreign reserves crossed USD 600 billion in the first half of 2021-22 and touched USD 633.6 billion as of December 31, 2021.

As per the Survey, India`s merchandise exports and imports rebounded strongly and surpassed pre-COVID levels during the current financial year, indicating a significant pickup in net services despite weak tourism revenues.

The Budget Session of the Parliament commenced on January 31 with President Ram Nath Kovind`s address.

The first part of the Union Budget Session of Parliament will be held from January 31 to February 11 and the second part of the budget session will take place from March 14 to April 8.&nbsp;

Finance Minister Nirmala Sitharaman called on Ram Nath Kovind before presenting the Union Budget for 2022-23 in Parliament on Tuesday. She met the President as part of established tradition.

Finance Minister Nirmala Sitharaman called on Ram Nath Kovind before presenting the Union Budget for 2022-23 in Parliament on Tuesday. She met the President as part of established tradition. The Finance Minister was accompanied by Ministers of State for Finance Pankaj Chaudhary, Bhagwat Karad and senior officials from the Ministry. Taking to Twitter, Rashtrapati Bhavan said, "Nirmala Sitharaman, Minister of Finance along with Ministers of State for Finance, Dr Bhagwat Kishanrao Karad, Pankaj Chaudhary, and senior officials of the Ministry of Finance, called on President Ram Nath Kovind before presenting the Union Budget 2022-23." The Union Budget 2022 will be presented in a short while from now. The Minister carried the digitalised budget in a tablet kept inside a red coloured cover with a golden coloured national emblem embossed on it instead of the traditional briefcase or `bahi khata` for the second consecutive year. Earlier in the day, MoS Chaudhary said that the budget will be inclusive, benefiting everyone. "Finance Minister Nirmala Sitharaman will present an inclusive budget, in line with each and every sectors` needs. It will be benefiting everyone...All sectors (including farmers) should have expectations from today`s budget," he said. Also read | Live | India Union Budget 2022: Sitharaman reaches Parliament; Budget speech at 11 am One of the most keenly awaited announcements in the union budget, like every year, would be related to personal taxation. In every budget income tax rates and slabs are reviewed. However, the income tax slabs have not been changed since 2014. Sitharaman will be making her fourth budget speech on Tuesday. On Monday, she tabled this year`s Economic Survey, centred around the theme of "Agile approach", which forecasted India`s economy to grow by 9.2 per cent during financial year 2021-22 and by 8-8.5 per cent in fiscal 2023 beginning 1 April. The Macroeconomic stability indicators of the Economic Survey suggested that the Indian economy is well placed to take on the challenges of 2022-23. "The combination of high foreign exchange reserves, sustained foreign direct investment, and rising export earnings will provide an adequate buffer against possible global liquidity tapering in 2022-23," it stated. Notably, India`s foreign reserves crossed USD 600 billion in the first half of 2021-22 and touched USD 633.6 billion as of December 31, 2021. As per the Survey, India`s merchandise exports and imports rebounded strongly and surpassed pre-COVID levels during the current financial year, indicating a significant pickup in net services despite weak tourism revenues. The Budget Session of the Parliament commenced on January 31 with President Ram Nath Kovind`s address. The first part of the Union Budget Session of Parliament will be held from January 31 to February 11 and the second part of the budget session will take place from March 14 to April 8.

India Budget 2022: FM Nirmala Sitharaman calls on President Kovind

Indian Finance Minister Nirmala Sitharaman is set to present her 4th budget on February 1. While the country awaits what's in store for the common man in Budget 2022, here's a look at how a brownish briefcase became a major part of the budget. From briefcase to Made in India iPad, the Indian budget has come a long way.

A brief history about India's budget briefcase

The Union Budget session of Indian Parliament has kickstarted on Monday with President Ram Nath Kovind's address to the joint sitting of both houses in the Central Hall.

Budget 2022: 'Sabka sath, Sabka Vikas,'  Indian Prez Kovind highlights govt's agenda for growth

Ahead of India's Budget Session, the country's Prime Minister Narendra Modi urged the Members of Parliament (MPs) to hold discussions with an open mind, aiming to take the country on the path of development.

Ahead of India's Budget Session 2022, PM Narendra Modi urges MPs to discuss with open mind

Kicking off the budget session of the parliament, India's finance minister Nirmala Sitharaman tabled the economic recovery and the economic survey in the parliament, the survey is the flagship annual document that reviews the state of economy, it projects India's GDP growth between 8-8.5 % in the financial year 2023.

India: FM Nirmala Sitharaman to table annual budget in Parliament today

The economic impact of the "second wave" of COVID-19 was much smaller than that during the full lockdown phase in 2020-21, though the health impact was more severe, according to the Economic Survey 2021-22 tabled in the parliament on Monday.

While presenting the annual survey report ahead of the Union Budget, Finance Minister Nirmala Sitharaman said that the Centre`s unique response to the second wave of COVID-19 comprised of safety-nets to cushion its impact on vulnerable sections of society and the business sector.

She added that the government significantly increased the capital expenditure to spur growth and introduced supply-side reforms for a sustained long-term expansion of the economy.

"The government`s flexible and multi-layered response is partly based on an "Agile" framework that uses feedback-loops, and the use of eighty High-Frequency Indicators (HFIs) in an environment of extreme uncertainty," she stated.

As per the report, the Indian economy is estimated to grow by 9.2 per cent in real terms in 2021-22 (as per first advanced estimates) subsequent to a contraction of 7.3 per cent in 2020-21 and the GDP is projected to grow by 8- 8.5 per cent in real terms in 2022-23.

<a href="https://www.wionews.com/india-news/india-union-budget-2022-what-are-expenditure-and-revenue-budgets-449333">Also read |&nbsp;India Union Budget 2022: What are expenditure and revenue budgets?</a>

The year ahead is poised for a pickup in private sector investment with the financial system in a good position to provide support for the economy`s revival, said the survey report.

The projection is comparable with World Bank and Asian Development Bank`s latest forecasts of real GDP growth of 8.7 per cent and 7.5 per cent respectively for 2022-23, it added.

As per IMF`s latest World Economic Outlook projections, India`s real GDP is projected to grow at 9 per cent in 2021-22 and 2022-23 and at 7.1 per cent in 2023-2024, which would make India the fastest-growing major economy in the world for all three years.

Macroeconomic stability indicators suggest that the Indian Economy is well placed to take on the challenges of 2022-23.

A combination of high foreign exchange reserves, sustained foreign direct investment, and rising export earnings will provide an adequate buffer against possible global liquidity tapering in 2022-23.&nbsp;

The economic impact of the "second wave" of COVID-19 was much smaller than that during the full lockdown phase in 2020-21, though the health impact was more severe, according to the Economic Survey 2021-22 tabled in the parliament on Monday.

The economic impact of the "second wave" of COVID-19 was much smaller than that during the full lockdown phase in 2020-21, though the health impact was more severe, according to the Economic Survey 2021-22 tabled in the parliament on Monday. While presenting the annual survey report ahead of the Union Budget, Finance Minister Nirmala Sitharaman said that the Centre`s unique response to the second wave of COVID-19 comprised of safety-nets to cushion its impact on vulnerable sections of society and the business sector. She added that the government significantly increased the capital expenditure to spur growth and introduced supply-side reforms for a sustained long-term expansion of the economy. "The government`s flexible and multi-layered response is partly based on an "Agile" framework that uses feedback-loops, and the use of eighty High-Frequency Indicators (HFIs) in an environment of extreme uncertainty," she stated. As per the report, the Indian economy is estimated to grow by 9.2 per cent in real terms in 2021-22 (as per first advanced estimates) subsequent to a contraction of 7.3 per cent in 2020-21 and the GDP is projected to grow by 8- 8.5 per cent in real terms in 2022-23. Also read | India Union Budget 2022: What are expenditure and revenue budgets? The year ahead is poised for a pickup in private sector investment with the financial system in a good position to provide support for the economy`s revival, said the survey report. The projection is comparable with World Bank and Asian Development Bank`s latest forecasts of real GDP growth of 8.7 per cent and 7.5 per cent respectively for 2022-23, it added. As per IMF`s latest World Economic Outlook projections, India`s real GDP is projected to grow at 9 per cent in 2021-22 and 2022-23 and at 7.1 per cent in 2023-2024, which would make India the fastest-growing major economy in the world for all three years. Macroeconomic stability indicators suggest that the Indian Economy is well placed to take on the challenges of 2022-23. A combination of high foreign exchange reserves, sustained foreign direct investment, and rising export earnings will provide an adequate buffer against possible global liquidity tapering in 2022-23.

India Budget 2022: Govt's supply-side reforms prepare economy for long-term expansion, says FM Sitharaman

Several opposition parties in the Business Advisory Committee meeting that took place early on Monday afternoon chaired by the Lok Sabha Speaker Om Birla, objected to the government presenting paperless Union Budget and Economic Survey.

Sources said that these Lok Sabha leaders conveyed to the government via the speaker that it would be impossible to download every document from the Internet, read it and process it in time for reactions. As per the sources, privy to the details of the meeting Adhir Ranjan Chowdhury floor leader of the Lok Sabha for the Congress, Sudip Bandyopadhyay from the TMC, Vinayak Raut from Shiv Sena, and Supriya Sule of NCP were some of the leaders who spoke about the subject.

Vinayak Raut told ANI, "Our concern is very genuine and we have requested the Speaker to intervene so we will hope that at least the part one speech of the finance minister is given to us in a physical copy."

"We have raised a very important issue because it is not practically possible to download everything from the website et cetera. Speaker has stepped in so we will have to see what the government does," Sudip Bandyopadhyay told ANI.

Sources further stated that during the meeting, the Lok Sabha Speaker asked the government to see what can be done to address the concern of the opposition MPs.

It is being said that in the meeting, Parliamentary Affairs Minister Pralhad Joshi told the opposition that he would take note of their concerns, although the people`s budget and the survey was a huge boost to promote contactless documentation.

The Parliamentary Affairs Minister is also said to have told the members that he will be speaking to the Finance Minister Nirmala Sitharaman about their concerns.

<a href="https://www.wionews.com/business-economy/india-budget-2022-india-can-become-worlds-fastest-growing-economy-economic-survey-449214">Also read |&nbsp;India Budget 2022: India can become world’s fastest growing economy: Economic Survey</a>

The Finance Ministry, on January 27, through a statement had said," In a historic move, the Union Budget of 2021-22 was delivered in paperless form for the first time."

"A "Union Budget Mobile App" was also launched for hassle-free access of Budgetdocuments by Members of Parliament (MPs) and the general public.

The Union Budget 2022-23 would also be available on the Mobile App after the process of Budget presentation has been completed on February 1, 2022, in the Parliament," the statement read.

According to the statement, the mobile application allows complete access to 14 Union Budget documents, including the BudgetSpeech, Annual Financial Statement (commonly known as Budget), Demand for Grants (DG), Finance Bill, etc. as prescribed by the Constitution.

The mobile app is bilingual (English and Hindi) and is available on both Android and iOS platforms.

Several opposition parties in the Business Advisory Committee meeting that took place early on Monday afternoon chaired by the Lok Sabha Speaker Om Birla, objected to the government presenting paperless Union Budget and Economic Survey.

Several opposition parties in the Business Advisory Committee meeting that took place early on Monday afternoon chaired by the Lok Sabha Speaker Om Birla, objected to the government presenting paperless Union Budget and Economic Survey. Sources said that these Lok Sabha leaders conveyed to the government via the speaker that it would be impossible to download every document from the Internet, read it and process it in time for reactions. As per the sources, privy to the details of the meeting Adhir Ranjan Chowdhury floor leader of the Lok Sabha for the Congress, Sudip Bandyopadhyay from the TMC, Vinayak Raut from Shiv Sena, and Supriya Sule of NCP were some of the leaders who spoke about the subject. Vinayak Raut told ANI, "Our concern is very genuine and we have requested the Speaker to intervene so we will hope that at least the part one speech of the finance minister is given to us in a physical copy." "We have raised a very important issue because it is not practically possible to download everything from the website et cetera. Speaker has stepped in so we will have to see what the government does," Sudip Bandyopadhyay told ANI. Sources further stated that during the meeting, the Lok Sabha Speaker asked the government to see what can be done to address the concern of the opposition MPs. It is being said that in the meeting, Parliamentary Affairs Minister Pralhad Joshi told the opposition that he would take note of their concerns, although the people`s budget and the survey was a huge boost to promote contactless documentation. The Parliamentary Affairs Minister is also said to have told the members that he will be speaking to the Finance Minister Nirmala Sitharaman about their concerns. Also read | India Budget 2022: India can become world’s fastest growing economy: Economic Survey The Finance Ministry, on January 27, through a statement had said," In a historic move, the Union Budget of 2021-22 was delivered in paperless form for the first time." "A "Union Budget Mobile App" was also launched for hassle-free access of Budgetdocuments by Members of Parliament (MPs) and the general public. The Union Budget 2022-23 would also be available on the Mobile App after the process of Budget presentation has been completed on February 1, 2022, in the Parliament," the statement read. According to the statement, the mobile application allows complete access to 14 Union Budget documents, including the BudgetSpeech, Annual Financial Statement (commonly known as Budget), Demand for Grants (DG), Finance Bill, etc. as prescribed by the Constitution. The mobile app is bilingual (English and Hindi) and is available on both Android and iOS platforms.

Indian Budget 2022: Opposition raises objection to govt's presentation of paperless Budget

Indian finance minister Nirmala Sitharaman during the Budget 2022 presentation in Parliament announced a plan to boost the defence sector. Here are the key takeaways.

India Union Budget 2022: FM allots 68% capital for defence purchases for domestic sector

Despite the COVID-19&nbsp;pandemic, India's economic growth in the upcoming financial year, i.e., 2022-23, can be surprising on the higher side, ASSOCHAM Secretary-General said on Monday.&nbsp;

"While the 8-8.5 per cent GDP projections for FY23 are on the back of a high base of 9.2 per cent in the current financial year, ASSOCHAM is of the view that India's economic growth can surprise us on the higher side.&nbsp;

"Even as the pandemic is still raging in most parts of the world, its latest variant is less damaging. Besides, with 75 per cent of eligible Indians fully vaccinated and the booster dose being rolled out, India would be far better prepared to take on the challenges," ASSOCHAM Secretary General Deepak Sood said.&nbsp;

ASSOCHAM said it shares the prognosis of the Economic Survey that the Indian economy is well placed to take on the challenges of 2022-23, riding on the back of continuous reforms in supply-side and safety nets to the vulnerable sections of the society.&nbsp;

Sood further said that the advance estimates suggest manufacturing to be growing by 12.5 per cent in the current fiscal while services would expand by 8.5 per cent.&nbsp;

"Traditionally, services grow at a faster face. Clearly, the Covid impact on contact intensive industries is reflecting even as manufacturing has been aided by supply-side reforms. Once the impact of PLI scheme kicks in, we expect the manufacturing to be leading the growth for the foreseeable future," Sood said, adding that robust performance in exports has also helped the manufacturing.

He further said that the Economic Survey is right in its assessment about the investment scenario, saying: "The private investment recovery is still at a nascent stage, though there are increased activities in the brownfield projects. Heavy lifting would still be needed by the government with capital expenditure, and we expect that in the Budget."

The Survey has pointed out that the government has the fiscal capacity to maintain the support, and ramp up capital expenditure when required, ASSOCHAM said in a statement.

"Schemes like credit guarantee with 100 per cent guarantee for additional funding of Rs 4.5 lakh crore to MSMEs have provided critical relief to the sectors severely hit by the pandemic. More such measures are expected in the Budget," it said.

"The Survey has re-emphasised the government's asset monetisation and disinvestment agenda, which spells out bare minimum presence of government ownership even in the strategic sectors. Successful completion of Air India disinvestment should infuse confidence for the roadmap," it added.

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Despite the COVID-19 pandemic, India's economic growth in the upcoming financial year, i.e., 2022-23, can be surprising on the higher side, ASSOCHAM Secretary-General said on Monday.

Despite the COVID-19 pandemic, India's economic growth in the upcoming financial year, i.e., 2022-23, can be surprising on the higher side, ASSOCHAM Secretary-General said on Monday. "While the 8-8.5 per cent GDP projections for FY23 are on the back of a high base of 9.2 per cent in the current financial year, ASSOCHAM is of the view that India's economic growth can surprise us on the higher side. "Even as the pandemic is still raging in most parts of the world, its latest variant is less damaging. Besides, with 75 per cent of eligible Indians fully vaccinated and the booster dose being rolled out, India would be far better prepared to take on the challenges," ASSOCHAM Secretary General Deepak Sood said. ASSOCHAM said it shares the prognosis of the Economic Survey that the Indian economy is well placed to take on the challenges of 2022-23, riding on the back of continuous reforms in supply-side and safety nets to the vulnerable sections of the society. Sood further said that the advance estimates suggest manufacturing to be growing by 12.5 per cent in the current fiscal while services would expand by 8.5 per cent. "Traditionally, services grow at a faster face. Clearly, the Covid impact on contact intensive industries is reflecting even as manufacturing has been aided by supply-side reforms. Once the impact of PLI scheme kicks in, we expect the manufacturing to be leading the growth for the foreseeable future," Sood said, adding that robust performance in exports has also helped the manufacturing. He further said that the Economic Survey is right in its assessment about the investment scenario, saying: "The private investment recovery is still at a nascent stage, though there are increased activities in the brownfield projects. Heavy lifting would still be needed by the government with capital expenditure, and we expect that in the Budget." The Survey has pointed out that the government has the fiscal capacity to maintain the support, and ramp up capital expenditure when required, ASSOCHAM said in a statement. "Schemes like credit guarantee with 100 per cent guarantee for additional funding of Rs 4.5 lakh crore to MSMEs have provided critical relief to the sectors severely hit by the pandemic. More such measures are expected in the Budget," it said. "The Survey has re-emphasised the government's asset monetisation and disinvestment agenda, which spells out bare minimum presence of government ownership even in the strategic sectors. Successful completion of Air India disinvestment should infuse confidence for the roadmap," it added. ×

India's economic growth in 2022-23 could spring a surprise: ASSOCHAM

India's Finance Minister Nirmala Sitharaman on Tuesday (February 1), presented the Budget 2022-2023 aiming to put the economy on the path of development amid the ongoing coronavirus (COVID-19) pandemic.

India's Finance Minister Nirmala Sitharaman on Tuesday (February 1), presented the Budget 2022-2023 aiming to put the economy on the path of development amid the ongoing coronavirus (COVID-19) pandemic. Overall, the government emphasised capital expenditure and investments to power the country's GDP growth forward with a pro-growth Budget. The government is aiming to step up spending to $529.7 billion (Rs39.45 trillion) in the coming fiscal year to drive economic growth and infrastructure. It is important to note that it involves a wider fiscal deficit than targeted and record borrowing. While presenting the budget, Sitharaman said that total government spending in the 2022-23 fiscal year beginning in April will be 4.6 per cent more than the current year. ALSO READ | India Union Budget 2022: What gets costly, what will be cheaper In her opening remarks, Sitharaman said that the growth is estimated to be 9.2 per cent for 2021-2022, the fastest among the world's major economies. As mentioned by an Indian politician and Bharatiya Janata Party (BJP) leader Kiren Rijiju, it is an "inclusive" Budget that takes care of the interests of every section of society including the poor, rural and border areas. But how will it impact the Non-Resident Indian (NRI)? Here's a report: Main Pointers -The introduction of the digital rupee might benefit NRIs in reducing the cost of cross-border remittances. -E-passports with the embedded chip will help in managing arrival and departure with ease. The chip will help in linkages of data with the Indian Ministry of External Affairs and tax authorities. -Those who want to file updated tax returns can do it for 2 years from the end of the assessment year. It will also help those who are living abroad. Bharat Bhatia, who is the founder and CEO of Conares, the second-largest private steel manufacturer in the UAE, said as quoted by an India-based news agency ANI: "The finance minister presented a highly promising budget projecting a lot of opportunities for growth and investments that would prove to be beneficial to the economy at large." "The budget promises marginal allocations for urban capacity building, modernisation of building by laws, town planning schemes and transit-oriented development will be implemented," he said. ALSO READ | How Budget 2022-2023 will impact the common man and middle class in India? Bhatia also appreciated revoking customs duty on stainless steel, flat products and high steel bars; in addition to the extension of customs duty exemption on steel scrap for another year for small and medium-sized businesses. Dr Sunil Kumar K, who is the Managing Director of SAM Corporate in Dubai, hailed the announcements on e-passports and digital currency. As quoted by the news agency, Kumar said that e-passports will help NRIs and the RBI's digital Rupee will be a trendsetter in the digital currency market, "where state can play a catalyst and bring controls and confidence. The future is bright." During her Budget speech, Sitharaman proposed that the Reserve Bank of India (RBI) will introduce digital currency in the next financial year beginning April 2022 to boost the digital economy and efficient currency management. She also said e-passports with the embedded chip will be rolled out. According to Kumar, the voluntary winding up of companies will bring in increased growth without bad baggage and improve investors confidence. "Financing of Investment is a welcome move which is going to provide huge impetus to growth of early stage companies. Nothing could be better than supporting the young entrepreneurial generation," he added. WATCH WION's analysis | Union Budget 2022: A lot of this year's budget is focused on digital, says Niranjan Hiranandani × (With inputs from agencies)

How will Union Budget 2022-2023 impact Non-Resident Indians (NRIs)?

Indian finance minister Nirmala Sitharaman took questions from the media after presenting the Union Budget 2022-23 in Parliament along with her team.

Indian finance minister Nirmala Sitharaman briefs media on Union Budget 2022

For more analysis on India's Union Budget 2022, WION speaks to Niranjan Hiranandani, Co-founder and Managing Director of Hiranandani group.

Union Budget 2022: A lot of this year's budget is focused on digital, says Niranjan Hiranandani

With Nirmala Sitharaman's budget presentation lasting for about one hour 31 minutes on Tuesday, the Indian Finance Minister's budget speech this year became the shortest ever since 2019.&nbsp;

Last year, Sitharaman's budget speech lasted for about one hour 48 minutes, while in 2020, it went on for 2 hours 40 minutes, which was the longest speech ever.&nbsp;

In the year before that, the speech was 2 hours 17 minutes long.&nbsp;

Sitharaman presented the Union Budget 2022-23 in the Lok Sabha today during the Budget Session of Parliament.&nbsp;

ALSO READ |&nbsp;<a href="https://www.wionews.com/business-economy/india-union-budget-2022-markets-cheer-as-sensex-nifty-close-on-a-high-449555">India Union Budget 2022: Markets cheer as Sensex, Nifty close on a high</a>

The budget will lay the foundation for India's economic growth and expansion for the next 25 years, Finance Minister said while presenting the budget.&nbsp;

"This 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," Sitharaman said while presenting her fourth union budget.&nbsp;

She said India is in a strong position to withstand future challenges.&nbsp;

The Finance Minister said the government's focus will continue on boosting public investment to modernise infrastructure.&nbsp;

One of the priority areas of the government in the coming years would be the PM Gati Shakti programme.&nbsp;

Seven engines of the PM Gati Shakti initiative are roads, Railways, airports, ports, mass transport, waterways and logistics infra.&nbsp;

The Union Cabinet on Tuesday approved the Budget 2022-23 which was presented by Finance Minister Nirmala Sitharaman in Parliament.&nbsp;

The meeting began at around 10:20am (local time) ahead of the Budget presentation.&nbsp;

ALSO READ |&nbsp;<a href="https://www.wionews.com/entertainment/lifestyle/news-nirmala-sitharaman-opts-for-orissa-handloom-saree-to-present-the-union-budget-2022-449433">Nirmala Sitharaman opts for Orissa handloom saree to present the Union Budget 2022</a>

Indian Prime Minister Narendra Modi, Defence Minister Rajnath Singh, Union Home Minister Amit Shah, Railways, Communications and IT Minister Ashwini Vaishnaw, Parliamentary Affairs Minister Pralhad Joshi, and others were present at the Parliament for the Union Cabinet Meeting ahead of the Budget presentation.&nbsp;

Earlier today, Sitharaman met President Ram Nath Kovind ahead of the Budget presentation. She was accompanied by Ministers of State for Finance Pankaj Chaudhary, Bhagwat Karad and other officials from the Ministry.&nbsp;

Amid the ongoing coronavirus pandemic, replacing her signature 'bahi khata', she opted to carry the documents in a tablet, which was wrapped in a red-coloured cover with the national emblem emblazoned on it.&nbsp;

WATCH |&nbsp;India Union Budget 2022: Will startups be the engine of jobs?

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With Nirmala Sitharaman's budget presentation lasting for about one hour 31 minutes on Tuesday, the Indian Finance Minister's budget speech this year became the shortest ever since 2019.

With Nirmala Sitharaman's budget presentation lasting for about one hour 31 minutes on Tuesday, the Indian Finance Minister's budget speech this year became the shortest ever since 2019. Last year, Sitharaman's budget speech lasted for about one hour 48 minutes, while in 2020, it went on for 2 hours 40 minutes, which was the longest speech ever. In the year before that, the speech was 2 hours 17 minutes long. Sitharaman presented the Union Budget 2022-23 in the Lok Sabha today during the Budget Session of Parliament. ALSO READ | India Union Budget 2022: Markets cheer as Sensex, Nifty close on a high The budget will lay the foundation for India's economic growth and expansion for the next 25 years, Finance Minister said while presenting the budget. "This 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," Sitharaman said while presenting her fourth union budget. She said India is in a strong position to withstand future challenges. The Finance Minister said the government's focus will continue on boosting public investment to modernise infrastructure. One of the priority areas of the government in the coming years would be the PM Gati Shakti programme. Seven engines of the PM Gati Shakti initiative are roads, Railways, airports, ports, mass transport, waterways and logistics infra. The Union Cabinet on Tuesday approved the Budget 2022-23 which was presented by Finance Minister Nirmala Sitharaman in Parliament. The meeting began at around 10:20am (local time) ahead of the Budget presentation. ALSO READ | Nirmala Sitharaman opts for Orissa handloom saree to present the Union Budget 2022 Indian Prime Minister Narendra Modi, Defence Minister Rajnath Singh, Union Home Minister Amit Shah, Railways, Communications and IT Minister Ashwini Vaishnaw, Parliamentary Affairs Minister Pralhad Joshi, and others were present at the Parliament for the Union Cabinet Meeting ahead of the Budget presentation. Earlier today, Sitharaman met President Ram Nath Kovind ahead of the Budget presentation. She was accompanied by Ministers of State for Finance Pankaj Chaudhary, Bhagwat Karad and other officials from the Ministry. Amid the ongoing coronavirus pandemic, replacing her signature 'bahi khata', she opted to carry the documents in a tablet, which was wrapped in a red-coloured cover with the national emblem emblazoned on it. WATCH | India Union Budget 2022: Will startups be the engine of jobs? ×

Indian FM Sitharaman's Budget speech shortest since 2019, lasts for 91 minutes

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