Finance minister Nirmala Sitharaman will present the fourth Budget of the Modi 2.0 government on February 1, 2022. The focus of the Budget is expected to be on further accelerating India’s pace of recovery from the pandemic shock along with shoring up India’s healthcare system to secure against any future outbreaks. The government will continue to spend more to aid the recovery and put India back … Show more
Latest on the Budget
- The Budget Session of Parliament began today with the address by President Ram Nath Kovind to both Houses in the Central Hall
- The Budget Session is scheduled to conclude on April 8 wherein the first part of the session will extend up to February 11
- The Union budget 2022-23 to be presented by finance minister Nirmala Sitharaman on February 1 will be in paperless form
- No ‘Zero Hour’ on 31st January and 1st February
- No ‘halwa’ ceremony this time around amid Omicron worries
- Strict Covid-19 protocols will continue in parliament
Budget expectations
- Healthcare industry seeks priority status, increase in fund allocation to 3% of GDP
- Some experts are anticipating changes in income tax slabs and rates
- Budget 2022 will be MSME and export oriented, says FIEO
- Budget should focus on amping up health infra, say experts
- Fintech industry hopes for incentives in Budget to push financial inclusion
- Scheme to develop 700 districts as export hubs on the cards
- The realty sector is pinning high hopes on Budget to boost market sentiments
- Economy may need more hand-holding, fiscal correction can wait, shows a recent report
- Budget to aim at boosting growth, achieving fiscal consolidation, says BoB eco research
- Real estate sector expects tax relief, industry status from Sitharaman
- Experts want Budget to focus on bridging widened inequality in economy and create jobs
- Pharma industry wants Budget to announce incentives for conducting R&D
Budget and Markets
- Market watchers believe that despite the higher target divestment for the upcoming financial year in the Union Budget, LIC IPO will be the key for the targets.
- Though market sees volatility pre and post Budget, net-net, the event hardly leaves any impact in the two-week period
- Centre is likely to miss the targets of divestment and the strategic stake sales in FY2021-22
- Market experts believe disinvestment and privatisation are likely…
Read More: Budget 2022 News LIVE Updates: Budget Session kicks off; here’s what