Key Takeaways from the Union Budget 2022 Highlights

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Union Budget 2022

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Union Budget 2022

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Union Budget 2022

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Union Budget 2022

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Union Budget 2022

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Union Budget 2022

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Union Budget 2022

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Union Budget 2022

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Union Budget 2022

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Union Budget 2022

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Union Budget 2022

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Union Budget 2022

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Key Takeaways from the Union Budget 2022 Highlights

Union Budget 2022

Finance Minister Nirmala Sitharaman delivered the Union Budget 2022-23 to Parliament on Tuesday 1st, Feb 2022. She delivered and presented her 4th Budget.

Union Budget 2022

The Budget presentation by FM Sitharaman began at 11:00 a.m. in Parliament.

Union Budget 2022

This is the 10 budget of the Narendra Modi ministry, and the second digital budget in light of the ongoing Covid-19 outbreak.

Union Budget 2022

According to FM's speech, India's economic growth in FY22 will be 9.2 percent, the greatest among all big economies.

Union Budget 2022

The following is a sector-by-sector breakdown of the different measures outlined by Finance Minister Sitharaman.

Union Budget 2022

1. Economic sector • The capex target was increased by 35.4%, from₹ 5.54 lakh Cr to ₹ 7.50 lakh Cr. The effective capex for FY23 is expected/anticipated to be ₹ 10.7 lakh crore.

Union Budget 2022

2. Expenditure and deficit figures • By 2025/26, a fiscal deficit of 4.5 percent of GDP is projected. • In 2022/23, a fiscal deficit of 6.4 percent of GDP is expected.

Union Budget 2022

2. Expenditure and deficit figures • By 2025/26, a fiscal deficit of 4.5 percent of GDP is projected. • In 2022/23, a fiscal deficit of 6.4 percent of GDP is expected.

Union Budget 2022

3. Taxes • TDS of 1% on transfers of virtual assets above a certain level; gifts will be taxed • Long-term capital gains are subject to a 15% surcharge.

Union Budget 2022

4. Industrial Duties • Import duties on some compounds are being/will be reduced. • The exemption from customs duty on steel scrap will be maintained for another year for MSMEs.

Union Budget 2022

More Highlights 5. Jobs 6. Housing and Urban Planning Sector 7. Education 8. Railways 9. Telecom 10. Healthcare

Union Budget 2022

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