Union Budget 2022: Here's What Gets Cheaper & What's Costlier; Major Takeaways
NEW DELHI: Union Finance Minister Nirmala Sitharaman on Tuesday presented the fourth Budget of the Modi 2.0 government and informed that India's growth is estimated to be at 9.27 percent.
Presenting the budget she said that the stage for the Budget presentation was set by the Economic Survey stating that the government has the fiscal space to do more to support the economy that is forecast to grow at a healthy 8-8.5 per cent growth in the 2022-23 fiscal.
CHEAPER
Clothes
Gemstones and Diamonds
Imitation jewellery
Custom duties on chemicals needed for petroleum products
Steel scraps
Mobile phones
Mobile phone chargers
COSTLIER
Duty on Umbrellas increased
All imported items
HERE ARE THE MAJOR TAKEAWAYS
> One station, One product to be popularised
> Railways will develop new products for small farmers
> Modern infrastructure to be cornerstone of the plan
> FM Sitharaman outlines PM Gati Shakti masterplan
> 400 New Generation Vande Bharat trains to be introduced
> 100 new Rail Cargo Terminals to be developed
> Agriculture university to be opened in several states
> A rationalised scheme to increase domestic oilseed production will be brought in to cut down imports
> National Highways will be extended by 25,000 km during 2022-23.
> By 2023, 18 Cr household should have piped water
> Paperless end-to-end e systems will be used for all procurements.
2 lakh Anganwadis to be upgraded for improving child health
> Roll out of 5 G tele services would be done with 2023
> Paperless end-to-end e systems will be used for all procurements.
> E-passport would be rolled out in 2022-23
> AI, Drone, Semi-Conductor, Space, Pharma would be emphasised. Supportive policies would be promoted for domestic production.
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