As per the third batch of supplementary demands for grants tabled in the Lok Sabha, approval is being sought for gross additional expenditure of over Rs 1.58 lakh crore.
PM Modi said that in the last seven years, his government made incessant efforts to improve every person and sector's capability.
Sitharaman said the budget has been prepared at a time when the economy is coming out of the impact of the pandemic.
According to government data, Adhir Ranjan Chowdhury said, more than 25,000 Indians died by suicide due to bankruptcy or indebtedness between 2018-2020.
This policy review is particularly important as it comes just nine days after the 2022 budget announcements. This is the last policy review of the financial year 2021-22.
To spur growth, an infrastructure plan needs to be implemented and the announcements of the Union Budget 2022-2023 brings the much-needed fillip in this direction.
Vijayasai said the most chanted mantra of the BJP government ‘sabka saath, sabka vikas, sabka viswas aur sabka prayas’ was not put practically in the Budget.
Cuts in social welfare schemes, no steps to address inflation or job creation: Shashi Tharoor slams Budget
Shashi Tharoor said COVID-19 pandemic has placed citizens in unimaginable distress who suffered a lot of pain due to loss of lives between March and May last year.
Whether this would help investors in making a rational choice while deciding whether to put their money in this risky asset class remains to be seen.
Dr. Mitra, speaking to the media recently, had said that the budget has nothing to offer for ‘Atamnirbharta’ or addressing poverty and unemployment.
The digital rupee blockchain, being developed by the Reserve Bank, would be able to trace all transactions, unlike the current system of mobile wallet offered by private companies.
The Union Budget 2022 has received criticism as not much to tackle the employment crisis that the country is reeling under found mention in the Finance Minister Nirmala Sitharaman’s speech.
The Union Budget for FY23 was presented with lots of expectations as it does appear that the economy is back on track creating conditions where the budget could make a significant impact.
Budget 2022 lays the emphasis on infrastructure development, digitisation, skilling and ease of doing business, which will ultimately benefit retail in the years to come.
On an overall basis, from an indirect tax perspective, messaging has been consistent in the Budget with the major push towards 'Make in India'.