Union Budget 2022 Highlights On Income Tax The Union Budget seeks to complement macro-economic level growth with a focus on micro-economic level all inclusive welfare. The Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman tabled the Union Budget 2022-23 in Parliament today. The key highlights of the budget are as follows: PART A India’s economic growth
Micro, small and medium enterprises (MSME) lamented over the eligibility criteria of the expanded Emergency Credit Line Guarantee Scheme (ECLGS) on Tuesday, highlighting that they will be a hindrance to the exhaustion of the fund. Nirmala Sitharaman’s fourth Budget expanded the ECLGS guarantee cover by Rs 50,000 crore to a total amount of Rs 5 lakh crore, with the additional
The Union Budget for FY2023 targets expanding and revamping infrastructure across various sectors. The Government has significantly increased its capital expenditure budget for FY2023 by 35.4% to Rs 7.5 trillion. With subdued private sector appetite, the measure should trigger a multiplier effect and help improve the private sector investment appetite. Effective