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Union Budget 2022.

Budget Highlights 2022.

Top 20 announcements by Nirmala Sitharaman.

  1. 100 lakh crore PM Gati Shakti Master Plan. The PM Gati Shakti Master Plan for Expressways will be formed to work with the quicker development of individuals and merchandise. The National Highway Network will be extended by 25,000 km and Rs 20,000 crore will be assembled to supplement public assets. What’s more 400 new-age Vande Bharat trains with better effectiveness and 100 PM Gati Shakti Cargo terminals will be created during the following three years.

2. Digital rupee will be issued using blockchain and other technologies by the RBI Starting 2022-23 in a big boost to the economy.

Digital rupee

3. 30% Tax on income from sale or acquisition of virtual, digital assets.

income tax

4. The government proposes to increase tax deduction from 10% to 14% on contributions in NPS by state governments to employees. This will help bring state government employees at par with Central government employees.

tax deduction

5. No adjustment of annual assessment sections except for government gives citizens an amazing chance to address blunders in documenting returns. Citizens can now document a refreshed return inside a long time from the pertinent evaluation year.

government

6. Surcharge on long-term capital gain to be capped at 15%.

Capital gain

7. An open stage for the National Digital Health Ecosystem will be carried out. It will comprise computerized vaults of wellbeing suppliers and wellbeing offices, interesting wellbeing personalities, and general admittance to wellbeing offices. To more readily admittance to quality emotional wellness guiding and care administrations, particularly considering Covid-19 Pandemic, A public TELE MENTAL HEALTH program will be sent off.

wellbeing suppliers

8. 5G Mobile service will be rolled out within 2022-23.

5G network

9. Issuance of e-passports will be rolled out in 2022-23 to enhance convenience for citizens.

E- passports

10. PM development Initiative for NORTHEAST to be implemented through North Eastern Council with an initial allocation of Rs 1,500 crore.

North east India

11. Customs duty on cut and polished diamond, gems will be reduced to 5%.

Custom duty

12. Rs 48,000 crore allocated for completion of construction of 80 lakh houses under PM Awas Yojana in rural and urban areas in the year 2022-23.

Road to Bharat | Rural Development - The Big Story News - Issue Date: Apr  22, 2019

13. A complete paperless e-billing system will be launched for procurement to be followed by all central ministries.

go green

14. The SEZ (Special Economic Zones ) Act will be replaced with new legislation for the development of enterprises and hubs. It will cover the existing industrial enclaves and enhance the competitiveness of exports.

Economy

15. Around 68% of the capital acquirement financial plan for protection will be reserved for the homegrown enterprises to advance atmanirbharat (confidence) and lessen reliance on the import of guard gear. This is up from 58% in the last monetary.

Atmanirbharat

16. Monetary help will be given to ranchers to take up agro-ranger service. Synthetic free normal cultivating will be advanced all through the country with an emphasis on ranchers’ territory in 5 km wide passageways along the stream Ganga, in the principal stage. The obtainment of wheat in the Rabi season and the assessed acquisition of paddy in Kharif season will cover 1,208 lakh metric huge loads of wheat and paddy from 163 lakh ranchers. Around Rs 2.37 lakh crore will be the immediate installment of MSP worth to their records.

17. One Class, One TV Channel’ program of PM eVIDYA will be expanded from 12 to 200 TV channels. This will enable all states to provide supplementary education in regional languages for Classes 1 to 12.

12 Educational TV channels for class 1st to 12th - PM e-VIDYA

18. The Emergency Credit Line Guarantee Scheme (ECLGS) will be extended up to March 2023 and the guaranteed cover will be expanded by Rs 50,000 crore to a total cover of Rs 5 lakh crore.

Emergency Credit Line Guarantee Scheme - Enterslice

19. India will allocate an additional Rs 195 billion for production-linked incentives toward solar equipment manufacturing.

Incentive

20. Special mobility zones will be developed for electric vehicles and a battery swapping policy to allow Electric Vehicle charging stations for automobiles will be framed.

Budget 2022 | Amara Raja Batteries, Exide Gain As Govt To Come Out Battery-swapping  Policy

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