Chemicals custom duty reduced.
Long-term capital gains to be taxed at 5%.
Unblended fuel to attract an additional duty of Rs 2 per litre.
Duty cut for some inputs needed in shrimp aquaculture.
Duty on umbrella raised to 20%.
Rationalisation of duties on agri equipment that are now made in India.
Concession of gems and jewelleries to faciliatte exports. Rate brought down to 5% and nil in some cases.
Push for wearable and hearable devices. Duty concessions for transformers, mobile parts, camera lenses, etc to boost manufacturing of high-growth electronics.
Allocation of Rs 48,000 crore to complete construction of 8 million houses.
Rs 1.4 lakh cr-plus GST collection in January 2022; FM says this shows rapid economic recovery.
GST revenues buoyant despite pandemic: FM
Income-tax records updating window for 2 years.
Centre, state elgovt staff's tax deduction limit raised to 14% from 10%.
Any income of transfer of any virtual digital asset to be taxed at 30%. No deduction except cost of acquisition. Gifts to be taxed too.
Start-ups have 1 more year to register for tax incentives. New manufacturing units to have 1 more year too.
Tax relief to people with disabilities. Propose to allow to pay annuity and lump sum amount during the lifetime of parent/guardian.
MAT for co-operatives brought down to 15%. Surcharge cut to 7% for those with income of Rs 1-10 cr to help rural / agri co-ops.
Fiscal deficit at 6.9% of GDP for 2021-22. Pegged at 6.4% for 2022-23.
Proposal to introduce digital rupee using blockchain and other technologies to be issued by RBI from 2022-23.
Agroforestry and private forests get policy boost. Finance minister promises financial support to scheduled caste farmers for taking up agroforestry and private forest creation.
Thematic funds for blended finance (govt share up to 20%) for 'sunrise' sectors like climate action under private management.
Sovereign green bonds will be issued for mobilising resources for green infra. Proceeds to reduce carbon intensity of economy
Effective capital expenditure over Rs 10 lakh cr.
Sitharaman announces Rs 7.50 lakh cr capital expenditure outlay, up 34%.
FM admits to the need for public investments.
Low carbon development will be the key to creating jobs. Solar power domestic manufacturing Rs 19000 crore for production linked incentive.
Circular economy action plans for 10 sectors are ready. Time for creating the infrastructure, said the finance minister
The SEZ Act will be replaced with a new one and with more state participation. SEZs miserably failed to attract investment as envisioned in 2005. Most of them are under litigation or not functional
Rs 19,500 cr allocation for PLI manufacture of solar PV modules.
AI, geospatial system, drone and semiconductor, space economy and genomics, pharma, green energy to modernise the country, provide employment opportunities to youth.
More focus for defence-related industries.
Contract for optical fibre laying for remote villages to be awarded. Completion expected by 2025.
Scheme for mobile phone ecosystem as 5G kicks in.
Animation, video games and comics policy in the offing.
Habitations and housing will be designed to make mass transport accessible. Govt has promised 80 lakh new houses to be built this fiscal. It is a major promise of Modi.
Environmental clearances to be put under one window system. There have been ongoing initiatives to streamline environmental clearances, which are protested against as dilution of regulation
Battery-swapping policy for electric vehicles on the cards.
Rs 50 cr each to 5 centres of academic excellence.
Currently some 6 states have anganwadi workers are protesting for various demands. The budget promises 200,000 Anganwadis to be upgraded with clean energy source and others.
Urban push: High-level committee to be formed for making recommendations.
E-passports being planned.
75 digital banking units in 75v districts by scheduled commercial banks. More push for digital payments.
New programme for infrastructure, housing, tourism, roads, renewable energy, DTH acces and livelihood generation for villages near northern border.
Pandemic and its related impacts have been majorly taken for budgetrary attention. Mental health is is one of those with launching a new campaign and scheme to make accessible mental health infrastructures.
Rs 2.37 lakh crore marked for direct wheat, paddy MSP payments.
Rs 60,000 cr allocated to cover piped water 3.8 cr households.
Digital university to be set up quality education to students. In different Indian languages.
National tele-mental health network to be launched along with NIMHANS Bengaluru.
Open online platform for health facilities to be rolled out.
One Class One TV channel programme of PM e-Vidya go be expanded to 200 TV channels.
Rs 44,000 crore for Ken Betwa river linking project. Five more river linking river projects under the process and DPRs have been done. Nearly after 20 years since Vajpayee govt. Took interest this is the most significant budgetary declaration with allocation for the first Ken Betwa river linking project.
Govt wants to boost oilseeds production: FM
FM admits hospitality sector yet to recover from pandemic.
ECLGS to be extended up to March 2023. Guaranmtee cover to be expanded to a total of Rs 5 lakh crore.
Boost for interlinking of Ken and betwa.
5 more river-linking projects in central focus.
2023 is International Year for Millets. Kisan drones will be used for crop assessment.
Small farmers will be targeted for mobility expansion for access to markets. This is the first reference to farmers in the speech in first 13 minutes. Last budget also made the same policy promise.
FM introduces PM Gatishakti, involving roads, railways, airports, ports, mass transport, logistics and infrastructure.
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