- Mobile phones
- Frozen mussels
- Frozen squids
- Cocoa beans
- Methyl alcohol
- Acetic acid
- Steel scrap
- Mobile phone chargers
- Gemstones and diamonds
- Camera lens for cellular mobile phones
- Chemicals needed for petroleum products methanol
- Imitation Jewellery
- Smart meters
- Solar cells
- Solar modules
- X-ray machines
- Unblended petrol and diesel
- Headphones and earphones
- Single or multiple loudspeakers
- Parts of electronic toys
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Updated on Feb 03, 2022 01:57 AM IST
The Budget has provided the clarity… All incomes are taxable, except those that are specifically exempted under the I-T Act, says Seth
, Hindustan Times, New DelhiRaajeev Jayaswal
Union Budget 2022-23 pumped up capital expenditure massively to spur growth, raising its outlay by a record 35.4% to ₹7.5 lakh crore. It has taken a classic economic mantra, according to which investments begets growth.
The 30 per cent plus applicable cesses and surcharge of 15 per cent on income above ₹50 lakh will have to be paid on income from cryptocurrencies, revenue secretary Tarun Bajaj said.
Published on Feb 02, 2022 06:23 PM IST
PTI | , New Delhi
The Union Budget has been appreciated across multiple quarters, said the Prime Minister, adding that the policies are aimed at expanding the central government's vision in the last seven years.
Updated on Feb 02, 2022 12:17 PM IST
Written by Joydeep Bose, Hindustan Times, New Delhi
To give a boost to the digital economy and as the country marks 75 years of its independence, it is proposed to set up 75 DBUs in 75 districts of the country by scheduled commercial banks, finance minister Nirmala Sitharaman said.
Gross domestic product (GDP) in dollar terms has already crossed $3 trillion, he said during the finance minister’s post-Budget interaction with the press.
Published on Feb 02, 2022 07:40 AM IST
The government also proposed to amend the RBI Act to include the central bank digital currency (CBDC) alongside traditional banknotes.
Published on Feb 02, 2022 07:38 AM IST
Experts said that continued emphasis on the importance of mobile connectivity and broadband for economic development, especially in rural India, will further boost telecom and associated sectors.
Sanjay Bhattacharya, secretary, Ministry of External Affairs, had earlier said that India will soon introduce e-passports with secure biometric data, adding that it will be in line with the International Civil Aviation Organisation (ICAO) standards.
PM Modi hailed the Budget presented by finance minister Nirmala Sitharaman, calling it progressive and people friendly. He said that it is full of new possibilities of more infrastructure, more investment, more growth, and more jobs.
Published on Feb 02, 2022 06:55 AM IST
hindustantimes.com | Written by Amit Chaturvedi, Hindustan Times, New Delhi
In an interview with Doordarshan, Union finance minister Nirmala Sitharaman talked about how the Budget will spur growth and create jobs.
The government’s focus on green and sustainable development coupled with its efforts on the ease of doing business front, were also welcomed by corporate India.
Updated on Feb 02, 2022 05:55 AM IST
Analysts and investors cheered the government’s focus on growth but the lack of a direct stimulus to spur private consumption, low divestment targets (for FY22 and FY23) and higher borrowings left them worried in an environment of steep inflation of commodity and crude prices.
Published on Feb 02, 2022 05:49 AM IST
, Hindustan Times, MumbaiNasrin Sultana
On a net basis (less repayments), this borrowing will include ₹11.6 lakh crore from the market to bridge the predicted deficit in its ₹39.45 lakh crore annual budget.
The national transporter will also build upon the concept of “One Station, One Product” that will help develop efficient logistics for farmers, agri-enterprises and local businesses, finance minister Nirmala Sitharaman said.
Published on Feb 02, 2022 01:43 AM IST
, Hindustan Times, New DelhiNeha Tripathi