Skip to main content

INDIAN BUDGET SUMMARY 2022


February 01, 2022

Andrews Joseph

Some Hot topic for the budget:

Import duties on gold, metal and consumer products

Privatisation

Capital infusion in psu banks

Infrastructure Sector

Agriculture Sector

PLI schemes

Taxation policy

Defense Industry

make in India

Healthcare

River link

Ayushmaan bharat schemes

Green Energy.

INDIA FIN MIN SAYS INDIA RIVER LINKING FOR 5 RIVERS FINALIZED



Draft DPRs of five river links, namely Damanganga-Pinjal, Par-Tapi-Narmada, Godavari-Krishna, Krishna-Pennar and Pennar-Cauvery have been finalized. Once a consensus is reached among the beneficiary states, theCentre will provide support for implementation.




INDIA FIN MIN SAYS INDIA PLANS NEW PACKAGE FOR FARMERS WITH STATE GOVT


For farmers to adopt suitable varieties of fruits and vegetables, and to use appropriate production and harvesting techniques, our government will provide a comprehensive package with participation of state governments

INDIA FIN MIN SAY INDIA ECLGS SCHEME TO BE EXTENDED TO MARCH 2023

INDIA FIN MIN SAYS SAYS EXPANDING EMERGENCY CREDIT LINE GUARANTEE SCHEME TO TOTAL OF RUPEES 5T

INDIA FIN MIN SAYS SAYS INDIA TO PROMOTE STARTUPS FOR DRONE MAKING



                                                                                                                 DEFICIT/EXPENDITURE



1. Proposes fiscal deficit of 4.5% of GDP by 2025/26

2. Projects fiscal deficit of 6.4% of GDP in 2022/23

3. Revised fiscal deficit for 2021/22 at 6.9% of GDP

4. Total expenditure in 2022/23 seen at 39.45 trillion rupees


 

                                       TAXATION



1. Import duty on certain chemicals are being reduced

2. Customs duty exemption on steel scrap to be extended for another year for small- and medium-sized businesses

3. Customs duty on stainless steel, flat products, high steel bars to be revoked

4. Unblended fuel to get additional duty of 2 rupees per litre from October 2022

 

                                        FINANCE



1. Emergency credit line guarantee scheme for small and medium sized businesses to be extended to March 2023

2. Energy transition and climate action will be a major government priority

3. Public issue of Life Insurance Corporation expected shortly

4. Initiatives from last year's budget have been provided adequate allocations in this budget

5. Long term capital gain surcharge to be capped at 15%

 

                         DIGITAL CURRENCY 



1. To launch digital rupee using blockchain technology starting 2022/23

2. To launch scheme for taxation of virtual digital assets

3. Losses from sale of virtual digital assets cannot be offset against other income

4. Income from virtual digital assets to be taxed at 30%

 

                                DEFENCE



                                              

  Govt Committed to reducing defence imports AtmaNirbharta in Defence   

 Our Government is committed to reducing imports and promoting

AtmaNirbharta in equipment for the Armed Forces. 68 per cent of the

capital procurement budget will be earmarked for domestic industry in

2022-23, up from 58 per cent in 2021-22.

 Defence R&D will be opened up for industry, startups and academia

with 25 per cent of defence R&D budget earmarked. Private industry will

be encouraged to take up design and development of military platforms and

equipment in collaboration with DRDO and other organizations through SPV

model. An independent nodal umbrella body will be set up for meeting

wide ranging testing and certification requirements.

                             INFRASTRUCTURE



1. 5G spectrum auctions to be conducted in 2022

2. Scheme for design-led manufacturing for 5G will be part of production-linked scheme

3. To award contracts to lay optical fibre in rural areas, completion in 2025

4. 480 billion rupees set aside for affordable housing in 2022/23

5. To allocate additional 195 billion rupees for production-linked incentives towards solar equipment manufacturing

 

                                   AGRICULTURE



1. Domestic scheme introduced to reduce dependence on oilseed imports

2. Fund with blended capital raised under co-investment model to finance agriculture startups

3. Railways to develop infrastructure for small farmers in 2022/23

 

                                   TRANSPORT



1. 400 energy efficient trains to be manufactured over next three years

2. National highways network to be expanded by 25,000km in 2022/23

3. Highways expansion to cost 200 billion rupees in 2022/23

4. India to bring out battery swapping policy

                               Highlights

 Gross GST collection for January 2022 at a record Rs 1.41 trillion

 No change  in income tax slab.

 Electric Vehicles Battery Swapping policy .

Disclaimer: The above content is only for training and educational purpose. Views may differ from one person to other person. And some information may be incorrect and the Blogger is not responsible at any point. I dont recommend anyone to trade based on the above information. Trading and investment involves huge risk. Please consult your financial advisor. please read the budget information directly from governement of india.


  

Comments

Post a Comment

Popular posts from this blog

GOLD PRICE ANALYSIS FOR THE MONTH OF AUGUST 2021 AND UPCOMING DAYS

GOLD PRICE ANALYSIS FOR THE MONTH OF AUGUST 2021 AND UPCOMING DAYS BY ANDREWS JOSEPH After a significant sell of in June we did see the price of gold recovered in July. But again on 5 th August last Friday huge single day sell off and made a low 1758$. It will be interesting to see how it perform in coming days since it is last high made in the month of August 2020 last year 2075$. A good base was made and has traded in tight range in the month of March and made a double bottom and the price was almost 10% down since then. The reason for significant drop on Friday is the U.S unemployment data released on Friday which is positive for Dollar index and negative for precious metal. And the other reason is if we look at the US stock market indices like S&P 500 , Dow and Nasdaq composite continuously hitting all time high. Even when they correct it has bounced back strongly. Of course this will change in 2 nd half of this year and gold will move up as investors remain cautious and ...
1 comment
Read more

NIFTY OUTLOOK FOR UPCOMING DAYS , WEEKS, MONTHS

  I NDIAN MARKET NIFTY OUTLOOK FOR NEXT WEEK  By Andrews Joseph 12th  February 2022 1.     Nifty is not able to break the ALL TIME HIGH of 18604 nor the low on 16 th  December 2021- 16410. and it was in consolidation phase for the past 5 months and closed in red down by 231 points ended in 17374 on friday day this week. 2.     In the above chart Nifty has formed a symmetrical triangle pattern on a daily time frame as well as in hourly time frame . neither the we can see an uptrend nor a downtrend hovering around and gave solid move of more than 8000 points up and down during this consolidation phase. 3.    Inflation data of US which is out on this week hits highest level in 40 years as price rise 7.5%  which is worry some factor as this will lead to fed tapering sooner and increase the interest hike in march itself. 4.     During the month of January 2022 FIIs sold about 41,346.35 cr...
4 comments
Read more

NIFTY ALL TIME HIGH

Nifty all time high  By Andrews Joseph Nifty has opened with a big gapup today of more than 70 points breaking all the resistance level and Infact no resistance level as of now. Opened with all time high and closed with all time high. Last time the rally was led by few stocks and sector but this time the rally was even across all sectors except IT stocks, which I have mentioned in my previous blog that IT stocks are slightly over valued. Important sectors which is noticed to be banking sectors which has made a surprise rally despite of growing NPA concerns, next quarterly result will be crucial as to see which bank has taken measures to curb the NPA ,as per my previous blog you can notice that I have mentioned that banknifty will help nifty to cross All time high. And bank nifty is trading at resistance zone. Midcap and small cap stocks has start to perform especially midcap stocks, which will be a sign of relief for retailers those who have invested in midcap stocks and their port...
Post a Comment
Read more