Joe Biden once quoted, “Don’t tell me what you value, show me your budget, and I’ll tell you what you value.”
Well, we’ll are aware of the recent news all around the nation regarding Budget Session 2022. So let’s have a small sneak peek into a few of the key takeaways:
The National Highway network will be expanded by 25,000 km.
400 new generation Vande Bharat trains to be brought on track.
The skilling programs will be reoriented, and a digital DESH e-portal will be launched.
E-passports will come with an embedded chip.
RBI will ‘Digital Rupee’ using blockchain technology.
Customers have to pay a 30% tax on crypto income.
Auctions for the 5G airwaves to start in 2022.
National Tele Mental Health program to be set up to focus on mental health.
The implementation is definitely going to be tough but let’s hope for the best and contribute whatever we can as responsible citizens of the nation. Do let us know your views on it in the comments!
Jacob Lew sighted that the budget is not just a collection of numbers, but an expression of our values and aspirations.
In continuation to our previous post let’s see more about our Budget 2022! Incase you missed out our previous post, don’t worry. Headover here and checkout: <link of previous post>
The National Master Plan on Expressways will be formulated in 2022-23
100 Gati Shakti cargo terminals to be brought on track in the next 3 years.
Chemical-free, natural farming will be promoted across the country.
Kisan drones will be used for crop assessment and spraying of pesticides
One Class, One TV channel will be expanded from 12 to 200 TV Channels in all regional languages.
This has been done to ensure the provision of supplementary education for loss of formal education due to Covid.
Private industry will be encouraged to take up design and development of military platforms and equipment.
The alternate minimum tax has been reduced from 18.5% to 15% for cooperative societies.
The surcharge has been reduced to 7% for those cooperative having income 1 to 10 crores.
Tax deduction limit for NPS account of state govt employees to 14%.
Custom duty on cut and polished diamond has been reduced to 5%.
So, being a responsible citizen of India let’s contribute in doing the best from our end and help the nation in flourishing with great achievements in the coming days.
Don’t forget to drop your opinion in the comments on the Union Budget 2022.
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