BUDGET 2022: Major takeaways

  • The Union Finance Minister Nirmala Sitharaman today announced the country's budget for the financial year 2022-23. She stated that the country is expected to grow at 9.27 per cent in the coming year. She added that the budget presents a vision for the country's independence at 75 years to 100 years.

  • The theme of the budget revolved around Minimum Government, Maximum Governance.

  • In a major announcement, FM mentioned that digital currency will be issued by the RBI in the upcoming year, which will give a boost to the economy.

  • Keeping in mind the pandemic-induced stress, the government has decided to launch a national tele mental health program.

  • The government has also decided to launch e-passports, which will comprise of embedded chips. It is aimed at the ease of overseas travellers.

  • FM Sitharaman further announced that income from digital assets like cryptocurrency will be taxed at 30%.

  • In relation to education, the government has decided to introduce digital university and One class One TV channel program- aimed at covering Covid-induced learning loss.

  • Regarding agriculture, the budget incorporated rs 2.37lakh crore MSP direct payment to wheat and paddy farmers.

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