Indian Prime Minister Narendra Modi hailed the Union Budget 2022 presented by finance minister Nirmala Sitharaman. He said that this will benefit the poor and create more growth and jobs for the country’s youth.

Union Budget 2022: Indian PM Modi hails this year's budget, calls it a budget for next 100 years

In the announcement of the Indian Union Budget 2022, Finance Minister (FM) Nirmala Sitharaman has shared several sops for farmers on Tuesday. &nbsp;&nbsp;

According to the FM, kisan drones will be used for crop assessment, land records and spraying of insecticides. It will drive a wave of technology in agriculture sector, the Sitharaman said. &nbsp;&nbsp;

Also Read:&nbsp;<a href="https://www.wionews.com/india-news/indian-union-budget-2022-icai-asks-government-to-hike-annual-limit-for-contribution-to-ppf-to-rs-300000-449427" hreflang="en">Indian Union Budget 2022: ICAI asks government to hike annual limit for contribution to PPF to Rs 3,00,000</a>

Not just this, the Indian government will also pay Rs 2.37 trillion towards procurement of wheat and paddy under MSP operations. The implementation of Ken-Betwa rivers linking with estimated cost of Rs 446.05 billion will also be taken up. All of these initiatives will provide a major boost to the farmers around the country. &nbsp;

The government has also announced a rationalised scheme to increase domestic oilseed production, which will be brought in to cut down imports. &nbsp;

Also Read:&nbsp;<a href="https://www.wionews.com/business-economy/live-budget-2022-updates-fm-nirmala-sitharamans-begins-her-fourth-union-budget-speech-449407" hreflang="en">LIVE Budget 2022 Updates: Highways to growth, lifeline for hotels, farm sops in Budget so far</a>

The FM also said that 2022-23 has been announced as International Year of Millets. &nbsp;

The railways will also develop new products for small farmers and MSMEs, as per the minister. &nbsp;

She also noted that efforts of central and state governments are leading to jobs and entrepreneurial opportunities. &nbsp;

She also said that national highways will be extended by 25,000 km during 2022-23. &nbsp;

(With inputs from agencies)&nbsp;

In the announcement of the Indian Union Budget 2022, Finance Minister (FM) Nirmala Sitharaman has shared several sops for farmers on Tuesday. According to the FM, kisan drones will be used for crop assessment, land records and spraying of insecticides.

In the announcement of the Indian Union Budget 2022, Finance Minister (FM) Nirmala Sitharaman has shared several sops for farmers on Tuesday. According to the FM, kisan drones will be used for crop assessment, land records and spraying of insecticides. It will drive a wave of technology in agriculture sector, the Sitharaman said. Also Read: Indian Union Budget 2022: ICAI asks government to hike annual limit for contribution to PPF to Rs 3,00,000 Not just this, the Indian government will also pay Rs 2.37 trillion towards procurement of wheat and paddy under MSP operations. The implementation of Ken-Betwa rivers linking with estimated cost of Rs 446.05 billion will also be taken up. All of these initiatives will provide a major boost to the farmers around the country. The government has also announced a rationalised scheme to increase domestic oilseed production, which will be brought in to cut down imports. Also Read: LIVE Budget 2022 Updates: Highways to growth, lifeline for hotels, farm sops in Budget so far The FM also said that 2022-23 has been announced as International Year of Millets. The railways will also develop new products for small farmers and MSMEs, as per the minister. She also noted that efforts of central and state governments are leading to jobs and entrepreneurial opportunities. She also said that national highways will be extended by 25,000 km during 2022-23. (With inputs from agencies)

Indian Union Budget 2022: Finance Minister announces kisan drones in boost to agriculture sector

To provide a boost to the coronavirus-ravaged economy, the Indian Finance Minister Nirmala Sitharaman presented the annual Union Budget for the year 2022-2023 in Parliament on Tuesday (February 1).&nbsp;

The budget was paperless - just like last year and it is now 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;

This year, the budget was read from Made in India tablet.&nbsp;Sitharaman was carrying the&nbsp;tablet kept inside a red coloured cover with a golden coloured national emblem embossed on it instead of the briefcase or 'bahi khata'.&nbsp;

ALSO READ |&nbsp;<a href="https://www.wionews.com/business-economy/union-budget-2022-indias-finance-minister-sitharaman-says-growth-expected-at-92-449432">Union Budget 2022: India's Finance Minister Sitharaman says growth expected at 9.2%</a>

This was also seen as an attempt to go green and also to minimise physical contact amid the coronavirus COVID-19 pandemic.&nbsp;

In a historic move, the Union Budget 2021 was presented in a digital format for the first time to promote the Government of India's (GoI) Digital India flagship programme.

Sitharaman in 2019, ditched the longstanding tradition of carrying a briefcase and went 'Swadeshi' to replaced the briefcase with the traditional 'bahi khata' saying that the Modi government was not a 'suitcase-carrying government'.&nbsp;

The tradition of carrying the Budget briefcase was a copy of the 'Gladstone box', used in the British Budget. In 1860, the then British budget chief William E Gladstone used a red suitcase with Queen's monogram embossed in gold to carry his documents, which came to be known as the 'Gladstone Box'.&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>

In 1947, India's first Finance Minister RK Shanmukham Chetty carried a leather portfolio to present the first Budget.

Before Nirmala Sitharaman, a long standing tradition in connection with the Budget presentation was broken during the Atal Bihari Vajpayee government with the then Finance Minister Yashwant Sinha presenting the Budget at 11am (local time) instead of the traditional time of 5pm (local time).&nbsp;

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/india-union-budget-2022-will-startups-be-the-engine-of-jobs-449543/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>
</div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

(With inputs from agencies)

To provide a boost to the coronavirus-ravaged economy, the Indian Finance Minister Nirmala Sitharaman presented the annual Union Budget for the year 2022-2023 in Parliament on Tuesday (February 1).

To provide a boost to the coronavirus-ravaged economy, the Indian Finance Minister Nirmala Sitharaman presented the annual Union Budget for the year 2022-2023 in Parliament on Tuesday (February 1). The budget was paperless - just like last year and it is now 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. This year, the budget was read from Made in India tablet. Sitharaman was carrying the tablet kept inside a red coloured cover with a golden coloured national emblem embossed on it instead of the briefcase or 'bahi khata'. ALSO READ | Union Budget 2022: India's Finance Minister Sitharaman says growth expected at 9.2% This was also seen as an attempt to go green and also to minimise physical contact amid the coronavirus COVID-19 pandemic. In a historic move, the Union Budget 2021 was presented in a digital format for the first time to promote the Government of India's (GoI) Digital India flagship programme. Sitharaman in 2019, ditched the longstanding tradition of carrying a briefcase and went 'Swadeshi' to replaced the briefcase with the traditional 'bahi khata' saying that the Modi government was not a 'suitcase-carrying government'. The tradition of carrying the Budget briefcase was a copy of the 'Gladstone box', used in the British Budget. In 1860, the then British budget chief William E Gladstone used a red suitcase with Queen's monogram embossed in gold to carry his documents, which came to be known as the 'Gladstone Box'. ALSO READ | Nirmala Sitharaman opts for Orissa handloom saree to present the Union Budget 2022 In 1947, India's first Finance Minister RK Shanmukham Chetty carried a leather portfolio to present the first Budget. Before Nirmala Sitharaman, a long standing tradition in connection with the Budget presentation was broken during the Atal Bihari Vajpayee government with the then Finance Minister Yashwant Sinha presenting the Budget at 11am (local time) instead of the traditional time of 5pm (local time). × (With inputs from agencies)

From 'Bahi Khata' to 'Made in India' tablet: Reflection of Digital India during Budget 2022

In Indian Union Budget 2022 speech, Finance Minister Nirmala Sitharaman said that India will develop and launch a digital currency. The central bank of the country, Reserve Bank of India, will come up with it by 2023. It will be based on blockchain technology. It will bring clarity to the cryptocurrency world.

India's RBI to launch digital currency

In the Indian Union Budget 2022 announcement on Tuesday, Finance Minister (FM) Nirmala Sitharaman has said that Reserve Bank of India (RBI) is planning to develop a digital rupee, which will be based on blockchain technology, in 2023. &nbsp;

Also Read:&nbsp;<a href="https://www.wionews.com/india-news/indian-union-budget-2022-5g-airwaves-auction-to-be-held-in-2022-says-finance-minister-449471">Indian Union Budget 2022: 5G airwaves auction to be held in 2022, says FM</a>

According to the Indian finance minister, digital currency will also lead to a more efficient and cheaper currency management system. “It is therefore proposed to introduce digital rupee using blockchain and other technology to be issued by the Reserve Bank of India starting, 2022 and 2023,” said Sitharaman. &nbsp;

To bring digital assets under the tax net, any income from these will be taxed at 30%, added the&nbsp;finance minister.

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>

She also stated that any losses incurred as a result of these assets cannot be offset against other gains.

She has also proposed a one per cent TDS (tax deducted at source) on transactions in such asset classes above a certain threshold.&nbsp;

Watch | India Budget 2022: Finance Minister Nirmala Sitharaman presents her fourth Union Budget

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/india-budget-2022-finance-minister-nirmala-sitharaman-presents-her-fourth-union-budget-449466/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>
</div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

Gifts of digital assets will be taxed in the hands of the recipient, according to the FM.

(With inputs from agencies) &nbsp;

In the Indian Union Budget 2022 announcement on Tuesday, Finance Minister (FM) Nirmala Sitharaman has said that Reserve Bank of India (RBI) is planning to develop a digital rupee, which will be based on blockchain technology, in 2023.

In the Indian Union Budget 2022 announcement on Tuesday, Finance Minister (FM) Nirmala Sitharaman has said that Reserve Bank of India (RBI) is planning to develop a digital rupee, which will be based on blockchain technology, in 2023. Also Read: Indian Union Budget 2022: 5G airwaves auction to be held in 2022, says FM According to the Indian finance minister, digital currency will also lead to a more efficient and cheaper currency management system. “It is therefore proposed to introduce digital rupee using blockchain and other technology to be issued by the Reserve Bank of India starting, 2022 and 2023,” said Sitharaman. To bring digital assets under the tax net, any income from these will be taxed at 30%, added the finance minister. Also Read: Indian Union Budget 2022: FM announces kisan drones in boost to agri sector She also stated that any losses incurred as a result of these assets cannot be offset against other gains. She has also proposed a one per cent TDS (tax deducted at source) on transactions in such asset classes above a certain threshold. Watch | India Budget 2022: Finance Minister Nirmala Sitharaman presents her fourth Union Budget × Gifts of digital assets will be taxed in the hands of the recipient, according to the FM. (With inputs from agencies)

Indian Union Budget 2022: Digital rupee to be introduced, virtual assets to be taxed at 30%  

Union Budget 2022: Daniel Lacalle, Chief Economist at Tressis in an exclusive conversation with WION analyses the hallmark of India's Union Budget 2022.

Government's major focus lays on MSME's, startups | Daniel Lacalle exclusive on Union Budget 2022

Finance Minister Nirmala Sitharaman presented her fourth Union Budget today. She said the Budget aims to lay the path for reforms over the next 25 years. But will this budget address the needs of foreign investors?

India: Does this budget address the need of foreign investors?

Finance Minister Nirmala Sitharaman announced that Special Economic Zones (SEZ) Act will be replaced with new legislation. She said that the move aimed "for the development of enterprise and hubs".

India Budget 2022: We will undertake reforms in customs administration of SEZ - Nirmala Sitharaman

Among the host of announcements, this morning FM, of India addressed concerns of the MSME sector. Finance minister Sitharaman in a budget speech, today said raising and accelerating MSME performance will be rolled out in the coming five years.

India Budget 2022: Program would improve the competitiveness and productivity of MSMEs

India's budget for 2022 gives a blueprint of the economy for the next 25 years. With a key focus on four main pillars of development, i.e., inclusive development, productivity enhancement, energy transition, and climate action.

India Budget 2022: 4 main pillars of development highlighted

WION talks to Narayan Shroff, Investment Head at Barclays, Mumbai. Watch this report to know his reaction to the Union Budget 2022.

India Budget 2022: Budget continues to provide an impetus for growth

India's Finance Minister Nirmala Sitharaman on Tuesday (February 1) introduced the Finance Bill 2022, which is deemed as a pro-growth Budget with an emphasis on capital expenditure and investments to power the country's GDP growth forward amid the ongoing coronavirus (COVID-19) pandemic.&nbsp;

Rajyavardhan Singh Rathore, who is a leader of the ruling party Bharatiya Janata Party (BJP) called it&nbsp;a budget for the "common man".&nbsp;

He said, "With an increase of 35% in infrastructure, to automatically accelerate the economy. It's a booster shot that will pace up manufacturing in the country, keeping the country's money in the country."&nbsp;

Another BJP leader and minister of law Kiren Rijiju said it is an inclusive Budget that takes care of the interests of every section of society including the poor, rural and border areas.&nbsp;

But how will the Budget 2022-2023 will impact the common man and middle class? Here's a report:&nbsp;

Taxation: There are no changes in income tax slabs and rates.&nbsp;

Those who want to file updated tax returns can do it for 2 years from the end of the assessment year. India's FM also said that the incomes that might have been missed out can be declared.&nbsp;

Differently-abled people: Payment of annuity and lump sum amount from insurance scheme to be allowed to differently-abled dependent during the lifetime of parents/guardians, i.e., on parents/ guardian attaining the age of 60 years.&nbsp;

Parity in National Pension Scheme Contribution: Tax deduction limit increased from 10 per cent to 14 per cent on employer's contribution to the NPS account of State Government employees.&nbsp;

Employment: Productivity Linked Incentive (PLI) scheme in 14 sectors to create 60 lakh jobs. Digital Ecosystem for Skilling and Livelihood (DESH-Stack e-portal) will be launched to empower citizens to skill, reskill or upskill through online training.&nbsp;

Health: An open platform for National Digital Health Ecosystem to be rolled out. 'National Tele Mental Health Programme' for quality mental health counselling and care services to be launched.&nbsp;

Housing: Rs 48,000 crore allocated for completion of 80 lakh houses in 2022-23 under PM Awas Yojana.&nbsp;

Crypto investment: On cryptocurrency exchanges and apps, which are luring millions into investing in digital tokens, the Indian government announced a 30 per cent tax on any income from the transfer of virtual digital assets, specifying that no deductions and exemptions will be allowed.&nbsp;

"Accordingly, for the taxation of virtual digital assets, I propose to provide that any income from transfer of any virtual digital asset shall be taxed at the rate of 30 per cent," Sitharaman said.&nbsp;

"No deduction in respect of any expenditure or allowance shall be allowed while computing such income except cost of acquisition. Further, loss from transfer of virtual digital assets cannot be set off against any other income," she stressed.&nbsp;

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/indian-budget-2022-digital-rupee-to-be-issued-using-blockchain-and-other-technologies-nirmala-sitharaman-449483/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>
</div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

&nbsp;

India's Finance Minister Nirmala Sitharaman on Tuesday (February 1) introduced the Finance Bill 2022, which is deemed as a pro-growth Budget with an emphasis on capital expenditure and investments to power the country's GDP growth forward amid the ongoing coronavirus (COVID-19) pandemic.

India's Finance Minister Nirmala Sitharaman on Tuesday (February 1) introduced the Finance Bill 2022, which is deemed as a pro-growth Budget with an emphasis on capital expenditure and investments to power the country's GDP growth forward amid the ongoing coronavirus (COVID-19) pandemic. Rajyavardhan Singh Rathore, who is a leader of the ruling party Bharatiya Janata Party (BJP) called it a budget for the "common man". He said, "With an increase of 35% in infrastructure, to automatically accelerate the economy. It's a booster shot that will pace up manufacturing in the country, keeping the country's money in the country." Another BJP leader and minister of law Kiren Rijiju said 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 the Budget 2022-2023 will impact the common man and middle class? Here's a report: Taxation: There are no changes in income tax slabs and rates. Those who want to file updated tax returns can do it for 2 years from the end of the assessment year. India's FM also said that the incomes that might have been missed out can be declared. Differently-abled people: Payment of annuity and lump sum amount from insurance scheme to be allowed to differently-abled dependent during the lifetime of parents/guardians, i.e., on parents/ guardian attaining the age of 60 years. Parity in National Pension Scheme Contribution: Tax deduction limit increased from 10 per cent to 14 per cent on employer's contribution to the NPS account of State Government employees. Employment: Productivity Linked Incentive (PLI) scheme in 14 sectors to create 60 lakh jobs. Digital Ecosystem for Skilling and Livelihood (DESH-Stack e-portal) will be launched to empower citizens to skill, reskill or upskill through online training. Health: An open platform for National Digital Health Ecosystem to be rolled out. 'National Tele Mental Health Programme' for quality mental health counselling and care services to be launched. Housing: Rs 48,000 crore allocated for completion of 80 lakh houses in 2022-23 under PM Awas Yojana. Crypto investment: On cryptocurrency exchanges and apps, which are luring millions into investing in digital tokens, the Indian government announced a 30 per cent tax on any income from the transfer of virtual digital assets, specifying that no deductions and exemptions will be allowed. "Accordingly, for the taxation of virtual digital assets, I propose to provide that any income from transfer of any virtual digital asset shall be taxed at the rate of 30 per cent," Sitharaman said. "No deduction in respect of any expenditure or allowance shall be allowed while computing such income except cost of acquisition. Further, loss from transfer of virtual digital assets cannot be set off against any other income," she stressed. ×

How Budget 2022-2023 will impact the common man and middle class in India?

To give a boost to the gems & jewellery sector customs duty on cut and polished diamonds and gemstones is being reduced to five per cent, says Finance Minister Nirmala Sitharaman.

India Budget 2022: Customs duty on cut and polished diamonds, gems to be reduced to 5% - Nirmala Sitharaman

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."

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/indian-budget-2022-digital-rupee-to-be-issued-using-blockchain-and-other-technologies-nirmala-sitharaman-449483/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>
</div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

&nbsp;

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

india

India, News on India, stories on India, articles on India, India stories at Wion, India news, India latest news