Finance Minister Nirmala Sitharaman told media at the post-Budget press conference that 30 per cent tax will only be imposed on trading of cryptocurrencies, not RBI issued digital currency.
Budget 2022: Digital Banking facility for all - Here s what the government plans - Budget 2022: FM Sitharaman said that to mark 75 years of independence, 75 digital banking units in 75 districts will be set up by scheduled banks.
Amrit Kal to India at 100: Union Budget 2022 simplified in 40 points - Budget 2022 hopes to lay foundation for Amrit Kal from India at 75 to India at 100. For FY 2022-23, 5 big infrastructure projects have been announced.
The government on Monday allocated a higher share of the budget to capital expenditure than it has for over a decade, aiming to help push investments amid a pandemic slowdown. Around 15.91 per cent of the budget is for capital expenditure: it was 13.55 per cent last year. The calculations are based on budget estimates. Capital expenditure refers to money spent on the creation of assets for future use like roads and buildings for health facilities. Revenue expenditure includes things like interest payments and salaries that the government pays on an ongoing basis. The share of the budget devoted to the creation of long-term assets or capital expenditure has been on the decline in recent years. It had touched 19.3 per cent in the budget estimates for the financial year 2004-05 (FY05). This declined to 12.15 per cent in FY20. This was the lowest in ten years. It was 12.11 per cent in FY10. The previous high before this year s number was 18.02 per cent in FY08.