News Headlines : 1st February 2022

  • Finance Minister Nirmala Sitharaman presents Union Budget for 2022-23; projects a growth of 9.2 per cent for the coming year.
  • Additional credit of 2 lakh crore rupees for MSMEs to be provided under Credit Guarantee Trust for Micro and Small Enterprises.
  • In the spirit of PM GatiShakti, National Highways network to be expanded by 25,000 km; One hundred Cargo Terminals for multimodal logistics facilities to be developed in next three years.
  • Delivery of digital Hi-tech services to farmers in PPP mode; ‘One Station-One Product’ concept to be popularized.
  • Last date for Tax incentive for Start-ups extended by one year up to 31st March 2023.
  • ‘National Tele Mental Health Programme’ for better access to quality mental health counselling to be lauched.
  • 75 Digital Banking Units in 75 districts by Scheduled Commercial Banks to take digital banking to every nook and corner of the country.
  • Indian Railways receive an outlay of one lakh 37 thousand crore rupees capital investment support in the budget.
  • Finance Minister Says, increased Capital Expenditure and emphasis on infrastructure in the budget will have immediate impact on job creation.
  • Prime Minister Narendra Modi says with more investment, infrastructure, employment and development opportunities, the budget will give a financial boost and benefit the common man.
  • Finance Minister Nirmala Sitharaman proposes no change in income tax rates and slabs in her Budget for FY’23.
  • Agriculture credit target is Rs 18 lakh cr for next fiscal compared to Rs 16.5 lakh cr in current year.
  • Industry bodies welcome the budget, calling it growth oriented and future looking.
  • Opposition says, Budget has nothing for poor, farmers and downtrodden.
  • BSP chief Mayawati says Union Budget 2022-23 has been brought to “woo public with new promises”, alleges that Centre has forgotten to implement its old announcements.
  • Delhi CM Arvind Kejriwal dubs Union Budget 2022-23 as ‘disappointing’, says it has nothing for common people.
  • According to West Bengal CM Mamata Banerjee Budget has ‘zero’ for common people, government lost in ‘big words signifying nothing’.
  • Election Commission appoints 15 special observers for Assembly Elections in Goa, Manipur, Punjab, Uttarakhand and Uttar Pradesh.
  • Trai recommendation on 5G spectrum by March, says Telecom Minister.