In key direct tax proposals in Union Budget 2022, the government has proposed to make provisions related to deduction or collection at higher rates for non-filers more stringent.
"In 2022, 100 per cent of 1.5 lakh post offices will come on the core banking system enabling financial inclusion and access to accounts through net banking, mobile banking ATMs and also provide online transfer of funds between post office accounts and bank accounts," Sitharaman said. Union Budget 2022: All 1.5 Lakh Post Offices in India to Be Connected to Core Banking System, Says FM Nirmala Sitharaman.
To boost the Indian economy, the Reserved Bank of India (RBI) will be issuing a digital rupee using blockchain and other technologies in the Financial Year 2022-23, Finance Minister Nirmala Sitharaman told the Parliament on Tuesday. Union Budget 2022: RBI to Issue Digital Rupee Using Blockchain in FY 22-23, Says Nirmala Sitharaman.
"The Production Linked Incentive (PLI) scheme for achieving Aatmanirbhar Bharat has received an excellent response, with potential to create 60 lakh new jobs," she said during her Union Budget 2022-23 speech in Parliament. The PLI schemes have received investment intentions worth Rs 30 lakh crore, she added. Union Budget 2022: PLI Scheme Across 14 Sectors May Generate 60 Lakh New Jobs Opportunities in Next 5 Years, Says FM Nirmala Sitharaman.