As India's defences face multiple challenges across the country, India's finance minister Nirmala Sitharaman during the Budget 2022 presentation in Parliament announced a plan to boost the defence sector.

India Union Budget 2022: Defence R&D to be opened up for startups

After presenting the Budget in Parliament, India's finance minister Nirmala Sitharaman said that India's central bank will issue digital currencies. Sitharaman said consultations with stakeholders on the description of digital assets is underway while adding that the RBI will issue digital currencies in the country.

Indian Union Budget 2022: We are tracking every transaction in crypto assets, says Nirmala Sitharaman

After finance minister Nirmala Sitharaman presented India's Budget, Prime Minister Narendra Modi said the "Budget is full of possibilities for more investments including infrastructure and jobs.

Budget brings in new hopes and opportunities for the people: PM Modi

According to India's Economic Survey 2022, the country has fiscal space to do more to support the economy and has the legroom to boost spending to become the world's fastest-growing economy overtaking China.

India Budget 2022: India can become world’s fastest growing economy: Economic Survey

According to Central Statistics Office, India's economy is expected to contract 7.7 per cent in the current financial year ending in March as finance minister Nirmala Sitharaman gets set to present the Union Budget 2020-21 on February amid the coronavirus pandemic.

Union Budget 2021: India's finance minister Nirmala Sitharaman may increase spending on infrastructure and boost manufacturing