Budget 2022 Live Updates: Record Capex, Tax on Crypto & No Income Tax relief for middle class

Finance Ministry: Talks and discussion regarding taxation ongoing w.r.t  inclusion of India’s sovereign bonds in global bond indices
 

FM Nirmala Sitharaman: Currency is only recognised if RBI issues it, anything that prevails outside it are virtual assets.
FM: Cryptos are not currencies, by definition a currency has to be issued by the central banker

FM Nirmala Sitharaman: We are confident of achieving Budget numbers.

FM: Disinvestment targets are realistic.

Youth and middle class will benefit greatly from Digital Currency, Digital Banking, NHM ecosystem: PM Modi

PM Modi: Budget will boost natural farming on the banks of Ganga in Uttarakhand, UP, West Bengal, Jharkhand and Bihar. It will also help the clean Ganga mission

PM Modi: Welfare of the poor is an important aspect of the Budget

PM Modi: Budget has been received well from all sectors and sections

PM Modi: Budget has been received well from all sectors and sections

PM Modi: Budget full of possibilities for more investment and jobs

Budget has 'zero' for common people, government lost in 'big words signifying nothing': West Bengal CM Mamata Banerjee

Shashi Tharoor: Nothing for the Aam Aadmi in Union Budget. It was a damp squib

30%: The tax on virtual assets (crypto)
Rs 7.5 lakh crore: Capital expenditure estimated for FY'23
35%: The record rise in capital expenditure
6.4% Fiscal Deficit target for FY'23
2.37 Lakh Cr MSP for 163 lakh farmers for grain procurement

Customs duty on cut & polished diamonds, gems to be reduced to 5%

No change in personal tax slabs or rates
Crypto tax: Virtual assets to be taxed at 30%
RBI to roll-out Digital Rupee this year
Long Term Capital Gains to be capped at 15%
Record high capital expenditure at Rs 7.5 lakh crore

Virtual digital assets to be taxed at 30%, no deduction allowed.
Loss can't be set-off against any other gain.
Gifting of Virtual Digital Asset to be taxable too.

Big Boost for investors: Long term capital gains capped at 15%.
Boost for business: Corporate surcharge to be reduced from 12% to 7%

Tax breaks for eligible start-ups to be extended by one more year up to FY23

Taxation on crypto:
Transfer of any virtual asset to be taxed at 30%
Gains/losses from virtual assets can not be offset

Tax on co-op societies down to 15%, in-line with corporate tax rate
 

Income Tax Reform: 2 year window provided to file revised Returns for 'missed' or 'overlooked' income

Fiscal Deficit in FY'22 at 6.9%, For FY'23 seen at 6.4%

Support for States: Budget allocate Rs 1 lakh cr capex assistance to states in FY23, up from 15,000 cr in FY22

FM: Digital Rupee to be rolled out by RBI this year
FM: RBI to roll out digital currency using blockchain

Digital Currency: Proposed to introduce Digital Rupee using blockchain in FY'22
 

Capital Expenditure target for FY'23 at Rs 7.5 lakh crore, marks a 35% hike

Special Economic Zones Act to be replaced with new legislation. It will cover the existing industrial enclaves and enhance the competitiveness of exports.

Digital India: Required spectrum auction for 5G rollout to be conducted in FY22-23.
Digital India: Contracts for laying optical fibres via PPP mode will be awarded in FY23

Digital India: Required spectrum auction for 5G rollout to be conducted in FY22-23.
Digital India: Contracts for laying optical fibres via PPP mode will be awarded in FY23

Farm Focus: Use of Kisan Drones to be promoted for crop assessment, digitization of land records, spraying of insecticides and nutrients

Boost for EV: Will develop special mobility zones for Electric vehicles
Boost for EV: Battery swapping policy will be announced soon

E-Passports will be rolled out this year, e-passports to have digital chip embedded, says FM Nirmala Sitharaman

PM E-Vidya scheme to be expanded to 200 TV channels. to help states to provide supplementary education in all regional languages 

Startups will be promoted to facilitate 'Drone Shakti' through varied applications for drones as a service: FM Nirmala

Rs 48,000 cr allocated towards housing projects under PM housing scheme 

Rs 60,000 cr allocated for tap water allocation across 3.8 cr households: FM Nirmala Sitharaman

Startups will be promoted to facilitate 'Drone Shakti' through varied applications for drones as a service: FM Nirmala
 

Boost for industry: Total cover under ECLGS scheme now at Rs 5 lakh crore

ECGLS scheme extended to 2023, Scheme provides 100% guarantee coverage to Banks and NBFCs to extend emergency credit facilities
 

Budget to focus on 4 pillars: productivity, climate action, financing investments & PM Gati Shakti plan, says FM Nirmala

Budget to focus on 4 pillars: productivity, climate action, financing investments & PM Gati Shakti plan, says FM Nirmala

1208 lakh MT of wheat & paddy to be procured; Rs 2.37 lakh cr direct payment of MSP to farmers accounts: FM Nirmala 
 

Budget 2022: Chemical-free farming will be promoted, project will kick-off along banks of Ganga.
Boosting Millet production will be a priority, focus on millet farming

Budget 2022: Finance Minister Nirmala Sitharaman says govt will provide 60 lakh jobs in 5 years. She adds that pace of Covid-19 vaccination has helped economy

Railways will develop lines focussed for MSMEs and small farmers: FM

Gati Shakti master plan for expressways to be formulated this fiscal: FM

Budget 2022 sets foundation for the next 25 years: FM

FM: In a strong position to withstand challenges, on course for strong growth.

PM Gati Shakti, Productivity enhancement, Financing Investments focus of the budget

FM Nirmala Sithraman says it's a Budget for the middle class. Budget builds on tenets put together in Budget 2021

FM:In a strong position to withstand challenges, on course for strong growth
India's economic growth in FY'22 to be at 9.22%

FM:In a strong position to withstand challenges, on course for strong growth
India's economic growth in FY'22 to be at 9.22%

How long will this Budget speech be? Nirmala Sitharaman's past Budget speeches:
2021 - 1 Hour 40 Mins
2020 - 2 Hrs 42 Mins
2019 - 2 Hrs 15 Mins

Union Finance Minister Nirmala Sitharaman 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.

Nifty opens above the 17,500 mark. Strong start for the market Sensex soars 650 points ahead of Budget

Union Finance Minister Nirmala Sitharaman arrives at the Ministry of Finance. She will present the Budget 2022 today in Parliament.

MoS Finance Pankaj Chaudhary and Bhagwat Karad arrive at the Ministry of Finance. 

PM Modi expects that every group - be it the ruling side or the Opposition - should sit together and listen to the presenting of the Budget and cooperate: MoS Finance Bhagwat Karad

Finance Minister Nirmala Sitharaman will probably increase the budget by about 14% year-on-year to Rs 39.6 lakh crore ($527 billion) for the upcoming fiscal year

Crypto Bill not listed for Budget Session of Parliament. Govt continues to garner consensus