Indian Finance Minister Nirmala Sitharaman is presenting the annual Indian Union Budget 2022-23 in Parliament.
On WION digital, you can get live updates on the Union Budget 2022, as well as highlights and budget 2022-23 analyses.
Indian markets opened on a high on Tuesday ahead of the Budget presentation in Parliament.
The Sensex surged over 600 points in early trade to reach 58,617.56 as bank stocks ICICI, HDFC, Kotak rose including Sun Pharma, Infosys and Bajaj Finserv.
The Nifty shot up 159.25 points to reach 17,499.10. 28 as 28 scrips were trading in the green out of 30 in the Sensex in early trade. However, ITC and PowerGrid were trading in red.
India's Finance Minister Nirmala Sitharaman will present the union budget 2022-23 in the parliament on February 01.
One of the most keenly awaited announcements in the union budget every year is related to personal taxation. In every budget income tax rates and slabs are reviewed. However, the income tax slabs have not been changed since 2014. Will Sitharaman change the slabs and give relief to taxpayers in the budget on Tuesday?
Major steps towards simplification and rationalisation of the income tax regime are also expected in this year's budget.
The Union Budget is rapidly approaching. With Finance Minister Nirmala Sitharaman preparing to deliver the Budget on February 1, now is the time for us to study and prepare for the speech.
To assist you in better understanding the budget, WION digital has created a list of frequently used financial phrases that you may anticipate hearing during the budget announcements. Read onUnion Budget